Advit Jewels IPO Opens On 23 June; Issue To Close On 25 June 2026

Jaipur-based jewellery manufacturer Advit Jewels is set to open its initial public offering (IPO) for subscription on 23 June 2026. The subscription will close on 25 June 2026. The company plans to launch a book-built mainboard IPO comprising a fresh issue of 1.38 crore (13.8 million) equity shares with a face value of ₹10 per share. There is no offer-for-sale (OFS) component in the public issue, meaning all proceeds from the IPO will flow directly to the company. The shares are proposed to be listed on both the BSE and NSE.

According to available IPO schedules, the basis of allotment is expected on 26 June 2026. Refunds and credit of shares to successful applicants' demat accounts are scheduled for 29 June 2026. The tentative listing date is 30 June 2026.

The investor allocation structure reserves 50% of the issue for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs).

IPO Objectives And Use Of Proceeds

Advit Jewels intends to utilise the IPO proceeds primarily for strengthening its balance sheet and supporting business growth. The company has earmarked ₹65 crore towards incremental working capital requirements and another ₹65 crore for repayment or prepayment of certain outstanding borrowings.

The remaining funds will be used for general corporate purposes.

The jewellery maker specialises in traditional and contemporary handcrafted fine jewellery, including Kundan, Polki, diamond and studded jewellery products. The company caters to a segment that blends heritage craftsmanship with modern design elements.

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Financial Performance And Other Key Facts

For FY25, the company posted revenue of ₹124.94 crore and net profit of ₹25.37 crore, compared with ₹69.45 crore revenue and ₹14.71 crore profit in FY24. In FY23, revenue stood at ₹46.60 crore, while profit was ₹10.39 crore. The company reported an EPS of ₹7.92 for FY25. Advit Jewels IPO is being managed by Holani Consultants Private Limited, while Bigshare Services Private Limited has been appointed as the registrar to the issue.

Sources:

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