| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹165.16 Cr |
| Fresh Issue | ₹165.16 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹130.00-138.00 per share |
| BSE Code | 544803 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Holani Consultants Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 100 shares and in multiples thereof
Advit Jewels IPO comprises a total issue size of 1,19,68,000 shares. Out of which, 59,81,300 (49.98%) are allocated to QIB, 17,96,700 (15.01%) allocated to NII 41,90,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 59,81,300 | 49.98% | NA |
| − Anchor Investor Shares Offered | 35,88,700 | 29.99% | NA |
| − QIB (Ex. Anchor) Shares Offered | 23,92,600 | 19.99% | NA |
| NII (HNI) Shares Offered | 17,96,700 | 15.01% | NA |
| − bNII > ₹10L | 11,96,800 | 10.00% | 797 |
| − sNII < ₹10L | 5,98,400 | 5.00% | 398 |
| Retail Shares Offered | 41,90,000 | 35.01% | 41,900 |
| Total Shares Offered | 1,19,68,000 | 100.00% |
Advit Jewels is a Jaipur-based jewellery company, specializing in handcrafted fine jewellery, with expertise in Kundan, Polki, Diamond and Studded pieces under the brand name "Rambhajo". It blend traditional techniques with modern designs to create unique pieces that are both timeless and contemporary.
Its product portfolio includes necklaces, earrings, rings, bangles and customized jewellery, crafted in 14K and 18K gold with diamonds and coloured stones.
The company primarily works on a B2B model, supplying dealers, showrooms and retailers, but also serve B2C customers for exclusive, made-to-order jewellery. Its jewellery is 100% handmade by skilled artisans trained over generations, ensuring every piece is a masterpiece. In FY 2025, it derived 81.63% of revenue from B2B segment and 18.37% is derived from B2C segment.
Manufacturing facility: It has a manufacturing unit in Jaipur (6,450 sq. ft.) is equipped with modern machines like 3D printers and casting units, allowing to handle the complete process in-house – from gold melting to polishing and quality checks. This ensures efficiency, security, and strict quality control. Customized or high-value orders are typically completed within 25–30 days.
The company maintains strong quality standards with a dedicated QC team that checks every detail including design, purity, finish, and dimensions before dispatch.
It has a PAN India presence with revenue generated from various states including Maharashtra, Haryana, Gujarat, Delhi, Punjab, Rajasthan, West Bengal, Uttar Pradesh, and Telangana.
Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 65.00 |
| 2 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks | 65.00 |
| 3 | General corporate purposes |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.20 | 140.85 | 67.21 | 29.01 |
| Total Income | 123.80 | 124.94 | 69.45 | 46.60 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| EBITDA | 36.68 | 37.15 | 18.95 | 12.77 |
| NET Worth | 83.65 | 58.13 | 32.80 | 18.08 |
| Reserves and Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowing | 64.92 | 74.80 | 19.70 | 5.84 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 35.89% | 55.79% |
| ROCE | 24.09% | 27.48% |
| Debt / Equity | 1.29% | |
| RoNW | 30.41% | 43.64% |
| PAT Margin | 20.55% | 20.30% |
| EBITDA Margin | 29.63% | 29.73% |
| Price to Book Value | 7.60 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.50 | 7.41 |
| P/E (x) | 18.41 | 18.64 |
| Promoter Holding | 94.59% | 69.88% |
| Market Cap | ₹632.18 Cr. | |