Advit Jewels IPO Subscribed 3.10 Times on Day 1: Check Issue Details and Key Dates
- By Kotak News Desk
- 23 Jun 2026 at 12:33 PM IST
- IPO News
- 4m
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Advit Jewels IPO was subscribed 3.10 times on the first day of bidding, according to exchange data. The retail investor portion was subscribed 5.20 times, while the NII segment was booked 2.80 times on the opening day. The ₹165.16 crore public issue closes on June 25, while allotment is expected on June 29 and listing is scheduled for July 1.
The initial public offering (IPO) of Jaipur-based Advit Jewels is now open for subscription. The three-day bidding window will close on June 25. The company has fixed a price band of ₹130-138 per share for its ₹165.16 crore public issue.
The IPO comprises a fresh issue of 1.20 crore equity shares with no offer-for-sale component. Investors can bid for a minimum of 100 shares and in multiples thereafter. At the upper end of the price band, investors will need to invest ₹13,800 for one lot. The company has reserved up to 50% of the net offer for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs) and at least 35% for retail investors.
Ahead of the public issue, Advit Jewels raised ₹49.52 crore from anchor investors by allotting 35.88 lakh shares at ₹138 apiece, the upper end of the price band.
Advit Jewels IPO Subscription Status
Advit Jewels IPO subscription stood at 3.10 times on the first day of bidding, according to exchange data. The issue received bids for 2.59 crore shares against 83.79 lakh shares on offer.
Retail investors led the demand, with their portion subscribed 5.20 times. The non-institutional investor category was subscribed 2.80 times, while the qualified institutional buyer (QIB) segment was subscribed 0.45 times.
About Advit Jewels and Use of Funds
Advit Jewels manufactures and sells traditional and contemporary handcrafted fine jewellery under the Rambhajo brand. The company specialises in customised Kundan, Polki, diamond and studded jewellery. The Rambhajo brand traces its origins to a jewellery business established in Jaipur in 1921.
According to the offer documents, the company plans to utilise the proceeds from the fresh issue towards funding working capital requirements, repayment of certain borrowings and general corporate purposes.
Also Read - Waterways Leisure Tourism IPO Subscribed 0.04 Times on Day 1: Issue Details, Key Dates and Other Information
Holani Consultants is the book-running lead manager to the issue, while Bigshare Services is the registrar.
The IPO will remain open for subscription until June 25. The basis of allotment is expected to be finalised on June 29, while shares are likely to be credited to successful applicants' demat accounts on June 30. Advit Jewels shares are scheduled to debut on the BSE and NSE on July 1.
Source:
NSE/BSE subscription data
Anchor allocation filing
RHP/DRHP
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
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