Advit Jewels IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| 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 |
| Company | P/E | EPS |
|---|---|---|
| Bluestone Jewellery and Lifestyle Limited | - | -78.86 |
| RBZ Jewellers Limited | 14.32 | 9.70 |
| Radhika Jeweltech Limited | 16.34 | 11.63 |
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% |
Strengths & Risks
- 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.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| 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
Advit Jewels Ltd., Flat No. 301, Pearl Premier,, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme,, Jaipur, Rajasthan, 302001
Advit Jewels is preparing a mainboard offering. The Mainboard issue is scheduled to open for subscription on June 23, 2026 — 11 days from now.
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.
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 are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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