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IPO ·

BSE, NSE

Advit Jewels Ltd

Listed

Incorporated in 2019, 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".

Issue details

Price band

₹130 – ₹138

Face value

₹10

Lot size

100 shares

Minimum investment

₹13,800

Issue size

₹165.16 Cr

Fresh issue

₹165.16 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

23 Jun 2026

Closes

25 Jun 2026

UPI mandate cut-off

5:00 PM on 25 Jun 2026

Allotment

29 Jun 2026

Refunds

30 Jun 2026

Shares in demat

30 Jun 2026

Listing

1 Jul 2026

Subscription and listing

Subscription

147.53x

Listing price

₹188.90

Registrar

Bigshare Services Pvt Ltd

Lead manager

Holani Consultants

Subscription by category

Total

147.53x

Total applications

31,17,596

Anchor investors

Amount raised

₹49.52 Cr

Bid date

22 Jun 2026

50% lock-in ends

29 Jul 2026

Rest lock-in ends

27 Sep 2026

Listing day

Issue price

₹138

Open

₹188.90

High

₹192.00

Low

₹179.46

Day close

₹179.46

Listing gain at open

+36.88%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

59,81,300

49.98%

Anchor Investor Shares Offered

35,88,700

29.99%

QIB (Ex. Anchor) Shares Offered

23,92,600

19.99%

NII Shares Offered

17,96,700

15.01%

bNII > ₹10L

11,97,800

10.01%

sNII < ₹10L

5,98,900

5.00%

Retail Shares Offered

41,90,000

35.01%

Total Shares Offered

1,19,68,000

100.00%

Finaccle’s quick read

Apply

FY25 income up 80%, PAT up 72%, ROE 35.89%, post-issue P/E 18.64x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2019, 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.

Founded

2019

2019

Promoters

Nitin Gilara, Prateek Gilara,

Nitin Gilara, Prateek Gilara,

Promoter holding

94.59% pre-issue; 69.88% post-issue

94.59% pre-issue; 69.88% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Dec 2025

Dec 2025

123.80

123.80

36.68

25.44

25.44

83.65

64.92

64.92

164.20

FY25

FY25

124.94

124.94

37.15

25.37

25.37

58.13

74.80

74.80

140.85

FY24

FY24

69.45

69.45

18.95

14.71

14.71

32.80

19.70

19.70

67.21

FY23

FY23

46.60

46.60

12.77

10.39

10.39

18.08

5.84

5.84

29.01

ROE

35.89%

ROCE

24.09%

Debt / equity

—

PAT margin

20.55%

P/E post issue

18.64

Market cap

₹632.18 Cr

Use of IPO money

Funding incremental working capital requirements of Company

₹65.00 Cr

Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Company from scheduled commercial banks

₹65.00 Cr

General Corporate Purposes

₹14.21 Cr

Issue Expenses

₹20.95 Cr

Strengths

✓

Revenue up 80% in FY25 to ₹124.94 Cr

✓

PAT up 72% in FY25 to ₹25.37 Cr

✓

PAT margin of 20.55%

✓

ROE of 35.89% and ROCE of 24.09%

Risks to watch

!

No major red flags in our screen; read the RHP for business-specific risks

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.