{"id":128479,"date":"2026-06-24T01:50:00","date_gmt":"2026-06-23T20:20:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=128479"},"modified":"2026-06-23T17:51:38","modified_gmt":"2026-06-23T12:21:38","slug":"advit-jewels-ipo-gmp-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/","title":{"rendered":"Advit Jewels IPO GMP Day 2: Grey Market Premium at \u20b964, Expected Listing at \u20b9202 (46% Gain)"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Advit Jewels IPO GMP: \u20b964 on Day 2. Expected listing \u20b9202 (+46%). Price band \u20b9130-138. Lot 100 shares. Min \u20b913,800. Issue \u20b9165.16 Cr. Mainboard. Subscribed 1.43x on Day 1.<\/em><\/p>\n<p>The Advit Jewels IPO GMP on Day 2 of the subscription period stands at \u20b964 per share, one of the strongest grey market premiums among current IPOs. At a GMP of \u20b964 on the upper price band of \u20b9138, the Advit Jewels IPO GMP implies an expected listing price of approximately \u20b9202 per share \u2014 representing a potential gain of around 46% over the issue price. This is reinforced by strong Day 1 subscription momentum: the issue was subscribed 1.43 times as of Day 1 morning, with retail demand outpacing supply early. The Advit Jewels IPO is a mainboard issue on BSE and NSE raising \u20b9165.16 crore entirely through a fresh issue at a price band of \u20b9130 to \u20b9138 per share, with a minimum retail lot of 100 shares at \u20b913,800.<\/p>\n<p>Advit Jewels Limited, incorporated in 2019 and based in Jaipur, Rajasthan, manufactures and retails handcrafted fine jewellery under the &#8220;Rambhajo&#8221; brand, specialising in Kundan, Polki, Diamond, and Studded jewellery in 14K and 18K gold. The company operates through a B2B model (81.63% of FY25 revenue) supplying dealers, showrooms, and retailers, while also serving B2C customers for custom-made pieces. The company raised \u20b949.52 crore from anchor investors including Taurus Mutual Fund and Holani Venture Capital Fund ahead of the subscription. Kunal Singla, Associate Director at Univest notes that the strong Advit Jewels IPO GMP is supported by the company&#8217;s 80% revenue growth from FY24 to FY25, strong institutional interest at the anchor stage, and the favourable tailwinds in India&#8217;s premium handcrafted jewellery market.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=advit-jewels-ipo-gmp-day-2\"><strong>Click Here &#8211; Get Free IPO Investment Insights<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Advit_Jewels_IPO_GMP_Complete_Snapshot\" title=\"Advit Jewels IPO GMP: Complete Snapshot\">Advit Jewels IPO GMP: Complete Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Why_is_Advit_Jewels_IPO_GMP_So_Strong\" title=\"Why is Advit Jewels IPO GMP So Strong?\">Why is Advit Jewels IPO GMP So Strong?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#About_Advit_Jewels_Limited\" title=\"About Advit Jewels Limited\">About Advit Jewels Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Advit_Jewels_IPO_Key_Financials\" title=\"Advit Jewels IPO: Key Financials\">Advit Jewels IPO: Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Should_You_Apply_for_Advit_Jewels_IPO\" title=\"Should You Apply for Advit Jewels IPO?\">Should You Apply for Advit Jewels IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_is_the_Advit_Jewels_IPO_GMP_today\" title=\"What is the Advit Jewels IPO GMP today?\">What is the Advit Jewels IPO GMP today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_is_the_Advit_Jewels_IPO_price_band\" title=\"What is the Advit Jewels IPO price band?\">What is the Advit Jewels IPO price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_does_Advit_Jewels_do\" title=\"What does Advit Jewels do?\">What does Advit Jewels do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_was_Advit_Jewels_IPO_Day_1_subscription\" title=\"What was Advit Jewels IPO Day 1 subscription?\">What was Advit Jewels IPO Day 1 subscription?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_are_Advit_Jewels_IPO_financials\" title=\"What are Advit Jewels IPO financials?\">What are Advit Jewels IPO financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#Is_Advit_Jewels_IPO_a_good_investment\" title=\"Is Advit Jewels IPO a good investment?\">Is Advit Jewels IPO a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#What_is_the_Advit_Jewels_IPO_issue_size\" title=\"What is the Advit Jewels IPO issue size?\">What is the Advit Jewels IPO issue size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/advit-jewels-ipo-gmp-day-2\/#When_is_Advit_Jewels_IPO_allotment\" title=\"When is Advit Jewels IPO allotment?\">When is Advit Jewels IPO allotment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Advit_Jewels_IPO_GMP_Complete_Snapshot\"><\/span><strong>Advit Jewels IPO GMP: Complete Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Issue Type<\/td>\n<td>Book Built Issue \u2014 Mainboard (BSE + NSE)<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>\u20b9130 to \u20b9138 per share<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>100 shares (min retail: 1 lot = 100 shares)<\/td>\n<\/tr>\n<tr>\n<td>Minimum Investment<\/td>\n<td>\u20b913,800 (at upper price band)<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>\u20b9165.16 Crore (100% fresh issue, no OFS)<\/td>\n<\/tr>\n<tr>\n<td>GMP Today<\/td>\n<td>\u20b964 (46.4% premium over upper band)<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Price<\/td>\n<td>~\u20b9202 per share<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Gain<\/td>\n<td>~46%<\/td>\n<\/tr>\n<tr>\n<td>Day 1 Subscription<\/td>\n<td>1.43x (as of Day 1 morning)<\/td>\n<\/tr>\n<tr>\n<td>Exchange<\/td>\n<td>BSE + NSE (Mainboard)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Bigshare Services Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Holani Consultants Pvt. Ltd.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_Advit_Jewels_IPO_GMP_So_Strong\"><\/span><strong>Why is Advit Jewels IPO GMP So Strong?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Advit Jewels IPO GMP of \u20b964 is among the highest for recent mainboard issues and reflects several converging factors. First, institutional anchor backing from mutual funds provides credibility. Second, the company&#8217;s revenue nearly doubled from \u20b969.45 crore in FY24 to \u20b9124.94 crore in FY25, while PAT rose from \u20b914.71 crore to \u20b925.37 crore \u2014 a compelling growth narrative. Third, the Rambhajo brand operates in the premium handcrafted jewellery segment, which benefits from India&#8217;s rising aspirational spending and festive demand cycles. Fourth, the IPO is 100% fresh issue with no OFS, meaning proceeds go entirely to the company rather than to selling shareholders. Finally, the minimum investment of just \u20b913,800 for one lot lowers the entry barrier for retail investors, widening the potential demand base. However, investors should note the Advit Jewels IPO GMP is unofficial and unregulated, and actual listing may differ significantly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Advit_Jewels_Limited\"><\/span><strong>About Advit Jewels Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Advit Jewels Limited manufactures handcrafted jewellery including necklaces, earrings, rings, and bangles in 14K and 18K gold with diamonds and coloured stones under the &#8220;Rambhajo&#8221; brand. Its manufacturing facility in Jaipur (6,450 sq. ft.) is equipped with 3D printers, casting machines, CAD design systems, and a quality control team. The company primarily caters to dealers, showrooms, and retailers across Maharashtra, Haryana, Gujarat, Delhi, Punjab, Rajasthan, West Bengal, Uttar Pradesh, and Telangana. It had 111 employees as of April 2026 and offers over 2,000 jewellery designs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advit_Jewels_IPO_Key_Financials\"><\/span><strong>Advit Jewels IPO: Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Revenue grew from \u20b969.45 crore (FY24) to \u20b9124.94 crore (FY25), an increase of approximately 80%. PAT grew from \u20b914.71 crore to \u20b925.37 crore. EBITDA improved from \u20b918.95 crore to \u20b937.15 crore. For the nine months ended December 2025, the company reported revenue of \u20b9123.80 crore, PAT of \u20b925.44 crore, and EBITDA of \u20b936.68 crore \u2014 already near-matching full-year FY25 figures in just three quarters, suggesting continued strong growth momentum.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_Advit_Jewels_IPO\"><\/span><strong>Should You Apply for Advit Jewels IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Advit Jewels IPO GMP and Live Subscription on Univest Screener<\/strong><\/a><\/p>\n<p>With an Advit Jewels IPO GMP of \u20b964 implying 46% listing gains and a Day 1 subscription of 1.43x, investor sentiment is clearly positive. The jewellery sector in India has strong structural tailwinds, and Rambhajo&#8217;s handcrafted positioning in the premium Kundan-Polki segment differentiates it from commodity gold jewellery players. However, risks include gold price volatility directly impacting input costs, seasonal demand concentration, geographic concentration of manufacturing in Jaipur, and the fact that the issue is priced at relatively full valuations given peers. Allotment will depend on final oversubscription ratios. Consult a SEBI-registered financial advisor before making an investment decision based on the Advit Jewels IPO GMP.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Advit Jewels IPO GMP on Day 2 stands at \u20b964, implying an expected listing of \u20b9202 \u2014 a 46% potential gain over the issue price. With strong Day 1 subscription at 1.43x, institutional anchor backing, and 80% revenue growth in FY25, the Advit Jewels IPO GMP reflects robust investor interest. Track the live Advit Jewels IPO GMP and subscription data on Univest. Consult a SEBI-registered financial advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Advit Jewels IPO GMP and subscription status on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Grey market premium (GMP) data is sourced from unofficial, unregulated market sources and may not be accurate. IPO details are sourced from publicly available company filings and news. GMP should not be the sole basis for investment decisions. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Advit_Jewels_IPO_GMP_today\"><\/span><strong>What is the Advit Jewels IPO GMP today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Advit Jewels IPO GMP on Day 2 is \u20b964 per share, implying an expected listing price of approximately \u20b9202 (\u20b9138 upper band + \u20b964 GMP). This represents a potential listing gain of around 46% over the issue price of \u20b9138. The Advit Jewels IPO GMP is one of the strongest for mainboard issues in the current IPO batch.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Advit_Jewels_IPO_price_band\"><\/span><strong>What is the Advit Jewels IPO price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Advit Jewels IPO price band is \u20b9130 to \u20b9138 per share. The lot size is 100 shares with a minimum investment of \u20b913,800 for retail investors. The maximum retail application is 14 lots (1,400 shares) at \u20b91,93,200. The Advit Jewels IPO GMP reflects the current grey market sentiment for this issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Advit_Jewels_do\"><\/span><strong>What does Advit Jewels do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Advit Jewels Limited is a Jaipur-based jewellery manufacturer under the Rambhajo brand, specialising in handcrafted Kundan, Polki, Diamond, and Studded jewellery in 14K and 18K gold. Products include necklaces, earrings, rings, bangles, and custom pieces. It operates a B2B model (81.63% revenue) supplying dealers and showrooms, while also serving B2C customers for exclusive made-to-order jewellery.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_Advit_Jewels_IPO_Day_1_subscription\"><\/span><strong>What was Advit Jewels IPO Day 1 subscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Advit Jewels IPO was subscribed 1.43 times as of 10:30 AM on Day 1 of the subscription period, indicating strong opening demand. The retail category was particularly active given the low minimum investment of \u20b913,800 per lot. Final subscription ratios will be known after the subscription period closes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Advit_Jewels_IPO_financials\"><\/span><strong>What are Advit Jewels IPO financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue grew from \u20b969.45 crore in FY24 to \u20b9124.94 crore in FY25 (approximately 80% growth). PAT grew from \u20b914.71 crore to \u20b925.37 crore. For 9M FY26 (April-December 2025), revenue was \u20b9123.80 crore and PAT was \u20b925.44 crore \u2014 already near FY25 full-year levels in three quarters. EBITDA was \u20b936.68 crore for 9M FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Advit_Jewels_IPO_a_good_investment\"><\/span><strong>Is Advit Jewels IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Advit Jewels IPO GMP of \u20b964 (46% implied gain) and strong anchor backing suggest positive listing expectations. The company&#8217;s 80% revenue growth, strong EBITDA improvement, and premium handcrafted jewellery positioning are compelling. However, risks include gold price volatility, concentrated manufacturing in Jaipur, seasonal demand, and relatively high valuation. Consult a SEBI-registered financial advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Advit_Jewels_IPO_issue_size\"><\/span><strong>What is the Advit Jewels IPO issue size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Advit Jewels IPO issue size is \u20b9165.16 crore, comprising 1,19,68,000 equity shares at \u20b9138 (upper band). It is 100% a fresh issue with no offer-for-sale component, meaning all proceeds go to Advit Jewels for working capital, debt repayment, and general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_is_Advit_Jewels_IPO_allotment\"><\/span><strong>When is Advit Jewels IPO allotment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Advit Jewels IPO allotment is expected to be finalised within a few business days after the subscription window closes. Shares will be credited to allottees&#8217; demat accounts, with refunds for unsuccessful applicants processed around the same time. Check allotment status on the Bigshare Services website using your PAN or application number.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Advit Jewels IPO GMP today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Advit Jewels IPO GMP on Day 2 is \u20b964 per share, implying an expected listing price of approximately \u20b9202 (\u20b9138 upper band + \u20b964 GMP). This represents a potential listing gain of around 46% over the issue price of \u20b9138. The Advit Jewels IPO GMP is one of the strongest for mainboard issues in the current IPO batch.\"}},{\"@type\":\"Question\",\"name\":\"What is the Advit Jewels IPO price band?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Advit Jewels IPO price band is \u20b9130 to \u20b9138 per share. The lot size is 100 shares with a minimum investment of \u20b913,800 for retail investors. The maximum retail application is 14 lots (1,400 shares) at \u20b91,93,200.\"}},{\"@type\":\"Question\",\"name\":\"What does Advit Jewels do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Advit Jewels Limited is a Jaipur-based jewellery manufacturer under the Rambhajo brand, specialising in handcrafted Kundan, Polki, Diamond, and Studded jewellery in 14K and 18K gold. Products include necklaces, earrings, rings, bangles, and custom pieces. It operates a B2B model (81.63% revenue) supplying dealers and showrooms, while also serving B2C customers for exclusive made-to-order jewellery.\"}},{\"@type\":\"Question\",\"name\":\"What was Advit Jewels IPO Day 1 subscription?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Advit Jewels IPO was subscribed 1.43 times as of 10:30 AM on Day 1 of the subscription period, indicating strong opening demand. The retail category was particularly active given the low minimum investment of \u20b913,800 per lot. Final subscription ratios will be known after the subscription period closes.\"}},{\"@type\":\"Question\",\"name\":\"What are Advit Jewels IPO financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue grew from \u20b969.45 crore in FY24 to \u20b9124.94 crore in FY25 (approximately 80% growth). PAT grew from \u20b914.71 crore to \u20b925.37 crore. For 9M FY26 (April-December 2025), revenue was \u20b9123.80 crore and PAT was \u20b925.44 crore \u2014 already near FY25 full-year levels in three quarters. EBITDA was \u20b936.68 crore for 9M FY26.\"}},{\"@type\":\"Question\",\"name\":\"Is Advit Jewels IPO a good investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Advit Jewels IPO GMP of \u20b964 (46% implied gain) and strong anchor backing suggest positive listing expectations. The company's 80% revenue growth, strong EBITDA improvement, and premium handcrafted jewellery positioning are compelling. However, risks include gold price volatility, concentrated manufacturing in Jaipur, seasonal demand, and relatively high valuation. Consult a SEBI-registered financial advisor before investing.\"}},{\"@type\":\"Question\",\"name\":\"What is the Advit Jewels IPO issue size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Advit Jewels IPO issue size is \u20b9165.16 crore, comprising 1,19,68,000 equity shares at \u20b9138 (upper band). It is 100% a fresh issue with no offer-for-sale component, meaning all proceeds go to Advit Jewels for working capital, debt repayment, and general corporate purposes.\"}},{\"@type\":\"Question\",\"name\":\"When is Advit Jewels IPO allotment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Advit Jewels IPO allotment is expected to be finalised within a few business days after the subscription window closes. Shares will be credited to allottees' demat accounts, with refunds for unsuccessful applicants processed around the same time. Check allotment status on the Bigshare Services website using your PAN or application number.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Advit Jewels IPO GMP Day 2: Grey Market Premium at \u20b964, Expected Listing at \u20b9202 (46% Gain). Analysis and review.<\/p>\n","protected":false},"author":34,"featured_media":128585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4023],"class_list":["post-128479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-gmp-day-2"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1782217300:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["80"],"rank_math_title":["Advit Jewels IPO GMP Day 2: Grey Market Premium at \u20b964, Expected Listing at \u20b9202 (46% Gain)"],"rank_math_description":["Advit Jewels IPO GMP on Day 2 is \u20b964, implying expected listing at \u20b9202 \u2014 a 46% gain. Subscribed 1.43x on Day 1. Price band \u20b9130-138, lot 100 shares. Jaipur jewellery. Full analysis."],"rank_math_focus_keyword":["Advit Jewels IPO"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"_thumbnail_id":["128585"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["20572"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/06\/Advit-Jewels-IPO-GMP-Day-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=128479"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128479\/revisions"}],"predecessor-version":[{"id":128586,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128479\/revisions\/128586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/128585"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=128479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=128479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=128479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}