Advit Jewels IPO

About Advit Jewels IPO

The public issue of the Advit Jewels IPO, a Mainboard IPO, opens on Tuesday, June 23 2026, and closes on Thursday, June 25, 2026. The allotment of shares will take place on Monday, June 29, 2026. The credit of shares to the demat account will take place on Tuesday, June 30, 2026. The initiation of refunds will take place on Tuesday, June 30, 2026. The listing of shares will take place on Wednesday, July 1, 2026.

The offer consists of a fresh issue component. The fresh issue will include 1.20 crore shares of ₹165.16 crores. The total number of shares and aggregate amount are 1,19,68,000 shares aggregating up to ₹165 crores.

Advit Jewels IPO’s price band is set at ₹130 to ₹138 per share. The lot size for an application is 100 Shares. The minimum amount of investment required by a retail investor is ₹13,800 (100 shares) (based on upper price). The lot size investment for sHNI is 15 lots (1,500 shares), amounting to ₹2,07,000, and for bHNI, it is 73 lots (7,300 shares), amounting to ₹10,07,400.

Advit Jewels is a manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specialising in Kundan, Polki, Diamond and Studded pieces. From bridal collections to everyday luxury pieces, their offerings cater to a diverse clientele across Indian markets.

Objectives of Advit Jewels IPO

• Funding incremental working capital requirements of the company.
  
• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company from scheduled commercial banks.
  
• General corporate purposes.
  

Industry Outlook

India’s Gems and Jewellery (G&J) sector is truly distinctive in its meld of rich cultural heritage, artisanal craftsmanship, and economic significance. Officially, it contributes around 7% of India’s GDP and supports a workforce of over 4.5 million skilled and semi-skilled workers, according to the Government of India. This deep social and economic footprint reflects the sector’s role in sustaining livelihoods across manufacturing hubs and rural artisanship alike. India’s gems and Jewellery industry remain globally respected for its craftsmanship, diversified output, and export orientation. While adapting to tightening regulations and shifting global demand patterns, it continues to benefit from government-led interventions aimed at skill building, infrastructure development, and policy facilitation ensuring the industry retains its competitive edge in an ever-evolving global market.

About Advit Jewels

Advit Jewels is a manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specialising in Kundan, Polki, Diamond and Studded pieces. From bridal collections to everyday luxury pieces, their offerings cater to a diverse clientele across Indian markets. With their expertise in craftsmanship and a keen understanding of changing customer tastes, they blend traditional methods with contemporary designs to create jewellery that feels both timeless and relevant. Their pieces are crafted using handmade techniques, but they also incorporate modern design elements ensuring each item is not only beautiful but also reflects a rich cultural heritage. They largely operate on a B2B model, serving dealers, showrooms and jewellery retailers. At the same time, they do cater to B2C customers for exclusive, made-to-order pieces.

Strengths of Advit Jewels

• Organised manufacturing under one roof.
• Design and innovation: diversified product offering across customer segments.
• Robust operational systems and risk mitigation framework.
• Experienced leadership with proven execution capability.
• Unwavering commitment to quality.

Risks of Advit Jewels

• Prices of products manufactured by them are highly dependent on the prices of gold, diamond polki and precious & semi- precious stones.
• The high level of inventory maintained by them exposes them to risks associated with inventory management, demand forecasting, valuation, carrying costs and supply chain disruptions.
• Any disruption, slowdown, or shutdown in Jaipur City or surrounding areas will affect their manufacturing operations and/or their principal raw materials supplies.
• Their company has recently acquired a registered trademark for brand name ‘Rambhajo’ from their Promoter Group member by way of assignment, for which approval of Form TM–P to record it is pending.
• Their company has a low average employee base.
• They rely on a limited number of suppliers.
• Their business is subject to seasonal fluctuations and any decline in sales during peak seasons may disproportionately impact their results of operations.
• The sharp increase in inventory levels coupled with a reduction in supplier credit exposes the company to risks of liquidity constraints, increased financing costs, and potential inventory obsolescence or valuation losses.

*Financial information of the company is derived from the Restated Financial Statements for the Fiscal Year ended March 31, 2025.

** Listed Peers closing market price as on May 15, 2026, on National Stock Exchange of India Limited has been considered for calculation of P/E.

Source: All the financial information for listed industry peers mentioned above is on a Standalone basis from the audited financial statements of a respective company for the year ended March 31, 2025, submitted to stock exchange i.e., National Stock Exchange of India Limited and from the respective company website.

1. Considering the nature and size of the business of the company, the peers are not strictly comparable. However, the above Companies have been included for broad comparison.

2. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company for the year ended March 31, 2025.

3. P/E Ratio has been computed based on the closing market price of equity shares on Stock exchange (National Stock Exchange of India Limited) as on May 15, 2026, divided by the Diluted EPS provided above in the table.

4. For listed peers, RONW is computed as profit after tax for the year ended March 31, 2025, divided by shareholder’s equity.

5. Shareholder’s Equity has been computed as the sum of paid -up share capital and reserve & surplus.

6. Net Asset Value per share (“NAV”) (in₹) is computed as the closing net worth divided by the weighted average number of equity shares outstanding as on March 31, 2025. .

Anchor Investor Bidding Date: Monday, June 22, 2026

The company, in consultation with the BRLM may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one working day prior to the bid/issue opening date.

Registrar Details
Bigshare Services Private Limited
Email: ipo@bigshareonline.com
Tel.: +91 22-62638200

Book Running Lead Manager
Holani Consultants Private Limited

Advit Jewels Contact Details
Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur, Rajasthan, 302001
Email: cs@advitjewels.com
Phone: +91 9216035990

Advit Jewels Business Model

The company earns its revenue as a manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specialising in Kundan, Polki, Diamond and Studded pieces.

Advit Jewels Growth Trajectory

Advit Jewels’s Total Income for FY25 was ₹124.945 crores, whereas in FY24 and FY23 it was ₹69.452 crores and ₹46.605 crores, respectively.

The Profit After Tax for FY25 was ₹25.367 crores, whereas in FY24 and FY23 it was ₹14.710 crores and ₹10.390 crores, respectively.

Their EBITDA for FY25 was ₹37.147 crores, whereas in FY24 and FY23 it was ₹18.952 crores and ₹12.774 crores, respectively.

Advit Jewels Market Position

Despite the increase in the gold prices in 2025, they have managed to boost their revenue in quantitative terms by achieving an overall volume growth of 38.92% in Fiscal 2025 compared with Fiscal 2023.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹ 124.945 crores, ₹25.367 crores, and ₹37.147 crores, respectively.

How to apply for Advit Jewels IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.