Advit Jewels IPO Listing Details
Advit Jewels' Initial Public Offering (IPO) is set to be listed on the stock exchanges today, Wednesday, 1 July, at 10:00 IST. The company's IPO allotment was finalized on Monday, 29 June. According to information available on the BSE website, Advit Jewels' shares will be listed in a special pre-open session on both the BSE and NSE during Wednesday's trading session. The share price of Advit Jewels will be available for trading starting at 10:00 IST.
According to a notice from the BSE, Trading Members of the Exchange have been informed that starting Wednesday, 1 July 2026, the equity shares of Advit Jewels Limited will be listed and available for trading on the Exchange within the 'T' Group of Securities.
IPO Subscription and Investor Interest
Advit Jewels launched its IPO for subscription from Tuesday, 23 June, to Thursday, 25 June. The IPO attracted significant investor interest, with the issue being subscribed 212.63 times on the final day of bidding on Thursday.
The ₹165.16-crore public issue received bids for 1,78,16,51,400 equity shares against 83,79,300 shares on offer, as per NSE data. The demand was strongest from non-institutional investors (NIIs), whose reserved portion was subscribed 536.38 times. The qualified institutional buyers (QIBs) category was booked 174.98 times, while the retail investor quota garnered 95.30 times subscription.
Under the IPO structure, 50% of the net issue has been reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
Grey Market Premium and Listing Price
The grey market premium (GMP) for Advit Jewels IPO today is +49.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Advit Jewels' share is ₹187.5 apiece, which is 35.87% higher than the IPO price of ₹138.
Analyzing the grey market activities from the past 21 sessions, the IPO GMP is currently on the rise, indicating a potential strong debut. Experts report that the minimum GMP is ₹0.00, while the maximum GMP reaches ₹91. The 'grey market premium' indicates investors' readiness to pay more than the issue price.
Long-Term Investment Potential
Anand Rathi Research has recommended "Subscribe for Long Term" to the Advit Jewels IPO. The brokerage believes that although the issue is aggressively priced at the upper end of the price band, the valuation is supported by the company's strong growth prospects, scalable business model, and favorable industry outlook, making it suitable for long-term investors.
Swastika Investmart, on the other hand, has assigned a "Subscribe" rating from a short- to medium-term perspective, citing the potential for listing gains. The brokerage noted that the company's revenue nearly tripled from ₹46.6 crore in FY24 to ₹124.94 crore in FY26, while net profit increased 2.4 times over the same period. It also highlighted Advit Jewels' 43.6% return on net worth (RoNW), which is significantly higher than that of its listed peers. However, Swastika cautioned that the company remains relatively small, promoter-driven, and geographically concentrated, factors that could affect liquidity after listing.
IPO Structure and Use of Proceeds
The IPO is entirely a fresh issue of 1.20 crore equity shares, with no offer-for-sale (OFS) component. The company plans to utilize the net proceeds primarily to strengthen its balance sheet and support business growth. Around ₹65 crore will be allocated towards the repayment or prepayment of borrowings, while another ₹65 crore will be used to fund working capital requirements. The remaining proceeds will be earmarked for general corporate purposes.
Holani Consultants Pvt. Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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