Advit Jewels has fixed the price band for its Rs 165 crore IPO at Rs 130-138 per share. The issue will open on June 23 and close on June 25.
Kolkata : Jaipur-based jewellery company Advit Jewels Ltd has fixed the price band for its upcoming Initial Public Offering (IPO) at Rs 130-138 per share. The company’s maiden public issue, which is expected to raise around Rs 165 crore, will open for subscription on June 23 and close on June 25.
The IPO comprises an entirely fresh issue of 1.19 crore equity shares. At the upper end of the price band, the issue size is valued at Rs 165.15 crore, the company announced on Thrusday.
Advit Jewels said that the proceeds from the fresh issue will be utilised for various business requirements. Around Rs 65 crore will be allocated towards meeting the company’s working capital needs, while another Rs 65 crore will be used for debt repayment. The remaining funds will be deployed for general corporate purposes.
Incorporated in 2019, Advit Jewels manufactures and sells traditional as well as contemporary handcrafted fine jewellery. The company operates under the brand name “Rambhajo” and specialises in Kundan, Polki, diamond and studded jewellery collections.
The company has reported strong financial performance in recent months. For the nine-month period ended December 31, 2025, Advit Jewels recorded revenue from operations of Rs 1,238 crore, while its net profit stood at Rs 254.4 crore.
The IPO allocation structure includes 50 per cent of the issue reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Holani Consultants is the sole book-running lead manager for the IPO. Following the issue, Advit Jewels shares will be listed on both the BSE and NSE.
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| Nitin Gilara, CMD and Prateek Gilara, Whole-Time Director and others at the IPO launch of Advit Jewels Ltd. in Kolkata. |
Kolkata : Jaipur-based jewellery company Advit Jewels Ltd has fixed the price band for its upcoming Initial Public Offering (IPO) at Rs 130-138 per share. The company’s maiden public issue, which is expected to raise around Rs 165 crore, will open for subscription on June 23 and close on June 25.
The IPO comprises an entirely fresh issue of 1.19 crore equity shares. At the upper end of the price band, the issue size is valued at Rs 165.15 crore, the company announced on Thrusday.
Advit Jewels said that the proceeds from the fresh issue will be utilised for various business requirements. Around Rs 65 crore will be allocated towards meeting the company’s working capital needs, while another Rs 65 crore will be used for debt repayment. The remaining funds will be deployed for general corporate purposes.
Incorporated in 2019, Advit Jewels manufactures and sells traditional as well as contemporary handcrafted fine jewellery. The company operates under the brand name “Rambhajo” and specialises in Kundan, Polki, diamond and studded jewellery collections.
The company has reported strong financial performance in recent months. For the nine-month period ended December 31, 2025, Advit Jewels recorded revenue from operations of Rs 1,238 crore, while its net profit stood at Rs 254.4 crore.
The IPO allocation structure includes 50 per cent of the issue reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Holani Consultants is the sole book-running lead manager for the IPO. Following the issue, Advit Jewels shares will be listed on both the BSE and NSE.
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