Advit Jewels IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.11x | 1.56x | 174.98x |
| NII | 23.73x | 121.16x | 536.38x |
| bNII > ₹10L | 17.30x | 101.97x | 553.65x |
| sNII 2-10L | 36.60x | 159.54x | 501.83x |
| Retail | 11.55x | 35.46x | 95.30x |
| Total | 11.18x | 44.16x | 212.63x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 46.60 | 69.45 | 124.94 | 123.80 |
| Expense | 34.08 | 51.66 | 94.24 | 93.05 |
| Profit (PAT) | 10.39 | 14.71 | 25.37 | 25.44 |
| Total Assets | 29.01 | 67.21 | 140.85 | 164.20 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Advit Jewels This IPO | 7.92 | - | 43.64 | 18.16 | - |
| Bluestone Jewellery and Lifestyle Limited | -78.86 | - | -24.00 | 363.96 | 1,829.92 Cr |
| RBZ Jewellers Limited | 9.70 | 14.32 | 15.83 | 61.26 | 530.75 Cr |
| Radhika Jeweltech Limited | 11.63 | 16.34 | 18.63 | 27.34 | 647.67 Cr |
Promoters & Holding Pattern
Promoters: Mr. Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara and Mr. Krishna Vardhan Gilara
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,38,42,000 | 94.59% |
| Promoter Holding Post Issue | 4,58,10,000 | 69.88% |
Strengths & Risks
- Heavily oversubscribed — 212.6x overall (so far).
- Strong institutional (QIB) demand — 175.0x.
- Revenue grew 80% in the latest reported year.
- Solid profit margin — 20.3%.
- Strong return on equity — 56%.
- Elevated leverage — debt/equity of 1.29.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Advit Jewels
Since its incorporation in 2019, Advit Jewels has been a leading Jewellery company that manufactures fine jewellery in Kundan, Polki, Diamond, and Studded pieces under the brand name Rambhajo. The firm incorporates traditional techniques with a mixture of modern designs to craft jewellery that is unique yet affordable. Its product portfolio consists of necklaces, earrings, rings, bangles, and customized jewellery in 14k and 18k gold build with diamonds and coloured stones. The firm operates its business in a B2B model, supplying to dealers, showrooms, and retailers, while serving B2C customers for exclusive jewellery. Moreover, its manufacturing facility is located in Jaipur (6,450 sq. ft.), fitted with modern machines like 3D printers and casting units.
Company Contact Information
Advit Jewels Ltd., Flat No. 301, Pearl Premier,, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme,, Jaipur, Rajasthan, 302001
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirements of the Company | 65.00 |
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks | 65.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Advit Jewels IPO - Quick Take
Advit Jewels has set a price band of Rs 130–Rs 138 per share for an issue size of Rs 165 crore. The stock listed with a 36.88% gain versus its issue price on July 01, 2026.
The issue is promoted by Mr. Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara and Mr. Krishna Vardhan Gilara with Holani Consultants Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding incremental working capital requirements of the Company (Rs 65 crore) and repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled comme… (Rs 65 crore).
On fundamentals, the company is posting revenue growth of 79.9%, a profit margin of 20.3%, return on equity of 55.8% in its most recent reported period. Listed peers in this segment include RBZ Jewellers Limited (P/E 14.32x) and Radhika Jeweltech Limited (P/E 16.34x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Advit Jewels IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 37.7%. Of the 23 Mainboard IPOs we have tracked with a final GMP of 25% or more, 23 listed above, 0 flat and 0 below the issue price; Advit Jewels listed 36.9% above its issue price.
See the full Advit Jewels GMP history and trend, or learn how grey market premium works and how reliable it is.
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