
Advit Jewels IPO GMP Day 3: Price Band Rs 130-138, GMP Rs 56-64 — Strong Signal on Final Subscription Day
Advit Jewels IPO Day 3 final: price Rs 130-138. GMP Rs 56-64 (+41-46%). Est. listing ~Rs 194-202. Issue Rs 165.16 Cr. Day 1 subscribed 11.30x. Lot 100 shares. Min Rs 13,800. Rambhajo brand.
Updated: 24 Jun 2026 • 6:36 pm
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Today is the final day of subscription for the Advit Jewels IPO, and the grey market continues to signal strong listing expectations. The Advit Jewels IPO GMP today stands at approximately Rs 56 to Rs 64 per share, implying an estimated listing price range of Rs 194 to Rs 202, which represents a potential premium of approximately 40-46% over the upper price band of Rs 138. This is one of the strongest GMP signals among all IPOs this week. The Advit Jewels IPO raises Rs 165.16 crore through a 100% fresh issue of 1,19,68,000 equity shares at a price band of Rs 130 to Rs 138, with a listing on both BSE and NSE mainboard. The subscription on Day 1 was already 11.30 times overall, demonstrating strong early investor demand, and the GMP of Rs 56-64 on Day 3 reinforces this bullish reading. Kunal Singla, Associate Director at Univest notes that the Advit Jewels IPO GMP strength reflects investor excitement about the company’s growth trajectory , revenue grew from Rs 46.60 crore in the year ended recently23 to Rs 124.94 crore in the year ended recently25, a near-tripling over two years.
The Advit Jewels IPO pre-issue anchor allocation saw Rs 49.52 crore raised from four investors at Rs 138 per share: Taurus Mutual Fund (across three schemes, 30.65% of anchor), Holani Venture Capital Fund (26.85%), Mint Focused Growth Fund (21.60%), and Venus Stellar Fund (20.90%). The anchor investor quality and GMP strength are positive signals for the Advit Jewels IPO. Institutional interest is a stronger leading indicator than grey market premium alone for predicting listing performance. Investors who have applied should expect significant allotment competition given the oversubscription. For those who have not yet applied, today is the final opportunity to submit bids before market close.
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Advit Jewels IPO Key Details
| Parameter | Details |
|---|---|
| Advit Jewels IPO Price Band | Rs 130 to Rs 138 per share |
| Issue Size | Rs 165.16 crore (100% fresh issue, 1,19,68,000 shares) |
| Advit Jewels IPO GMP Day 3 | Rs 56-64 (est. listing ~Rs 194-202, +40-46%) |
| Day 1 Subscription | 11.30x overall |
| Lot Size | 100 shares (min retail: 100 shares at Rs 13,800) |
| Advit Jewels IPO Close Date | Today (final day) |
| Allotment Date | recently |
| Listing Exchange | BSE and NSE (mainboard) |
| Listing Date (tentative) | recently |
| Lead Manager | Holani Consultants Pvt Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Anchor Investors | Taurus MF, Holani VCF, Mint Focused Growth, Venus Stellar , Rs 49.52 Cr at Rs 138 |
About Advit Jewels: Handcrafted Fine Jewellery, Jaipur
Track Advit Jewels IPO and Subscription on Univest Screener
Advit Jewels Limited was incorporated in 2019 and is based in Jaipur, Rajasthan , the historic centre of India’s handcrafted jewellery industry. The company specialises in handcrafted Kundan, Polki, Diamond, and Studded jewellery under its “Rambhajo” brand, with a product portfolio spanning necklaces, earrings, rings, bangles, and customised high-value pieces. The Advit Jewels IPO gives investors access to a fast-growing B2B fine jewellery manufacturer that primarily supplies dealers, showrooms, and retailers, while also accepting bespoke orders from B2C customers. The company operates a 6,450 square foot factory in Jaipur equipped with advanced machinery including 3D printers and casters, enabling in-house manufacturing from gold melting through polishing and quality testing. Customised or high-value pieces are typically delivered within 25-30 days. As of recently26, the company had 111 employees. The Advit Jewels IPO proceeds are entirely for working capital requirements, debt repayment, and general corporate purposes.
Advit Jewels IPO Financials: Near-Tripling in Revenue
The Advit Jewels IPO financial story is the key driver of the strong GMP and Day 1 subscription. Revenue grew from Rs 46.60 crore in the year ended recently23 to Rs 69.45 crore in the year ended recently24 and Rs 124.94 crore in the year ended recently25 , near-tripling over two years. PAT improved from Rs 14.71 crore in the year ended recently24 to Rs 25.37 crore in the year ended recently25. The nine months ended recently25 already showed Rs 123.80 crore revenue and Rs 25.44 crore PAT, indicating that full-year performance is likely to be strong. At the upper price band of Rs 138, the Advit Jewels IPO is valued at approximately 6.5x FY25 revenue and approximately 7-8x trailing PAT, which many analysts view as reasonable given the growth trajectory.
Conclusion: Advit Jewels IPO GMP Day 3
The Advit Jewels IPO closes today with a GMP of Rs 56-64, implying a potential listing gain of 40-46% over the upper band of Rs 138. Day 1 subscription of 11.30x and strong anchor investor participation are positive signals for this handcrafted Jaipur jewellery manufacturer. Allotment is expected recently and listing recently on BSE and NSE. Track the Advit Jewels IPO GMP and subscription live on Univest. Consult a SEBI-registered financial advisor before applying. GMP does not guarantee listing performance.
Download the Univest iOS App or Univest Android App to track the Advit Jewels IPO GMP and all mainboard IPOs on Univest.
Disclaimer: IPO GMP data is sourced from unofficial grey market sources and is not regulated by SEBI. GMP does not guarantee listing gains. All IPO details sourced from official SEBI filings, BSE/NSE. Investments in IPOs are subject to market risk. This article is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776). Read all IPO documents carefully before investing. Consult a SEBI-registered financial advisor.
Frequently Asked Questions
What is Advit Jewels IPO GMP today?
Ans. The Advit Jewels IPO GMP is approximately Rs 56-64 today, the final Day 3 of subscription. Based on the upper price band of Rs 138, this implies an estimated listing price of approximately Rs 194-202, representing a potential gain of 40-46% for allottees. GMP is an unregulated indicator and does not guarantee listing gains.
What is Advit Jewels IPO subscription status?
Ans. The Advit Jewels IPO was subscribed 11.30 times overall on Day 1 of subscription. Given the strong GMP and anchor investor participation (Rs 49.52 crore raised from Taurus MF, Holani VCF, Mint Focused Growth Fund, and Venus Stellar Fund), final subscription is expected to be significantly higher. Retail investors are competing with each other for allotment through a lottery if the retail category is oversubscribed.
What is the Advit Jewels IPO price band?
Ans. The Advit Jewels IPO price band is Rs 130 to Rs 138 per share. The lot size is 100 shares, and the minimum retail application is 1 lot at Rs 13,800 at the upper price band. For small HNI investors, the minimum is 15 lots (1,500 shares) at Rs 2,07,000.
What does Advit Jewels do?
Ans. Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery under the Rambhajo brand, specialising in Kundan, Polki, Diamond, and Studded pieces. The company operates on a B2B model supplying dealers, showrooms, and retailers, while also accepting bespoke B2C orders. It employs 111 people and operates a 6,450 sq ft factory with in-house manufacturing capabilities including 3D printing and casting.
What are Advit Jewels financials?
Ans. Revenue grew from Rs 46.60 crore in FY23 to Rs 124.94 crore in FY25 (near-tripling). PAT rose from Rs 14.71 crore in FY24 to Rs 25.37 crore in FY25. Nine-month FY26 revenue was Rs 123.80 crore with PAT of Rs 25.44 crore. The growth trajectory is the primary driver of the strong Advit Jewels IPO GMP and subscription.
When is Advit Jewels IPO listing date?
Ans. The Advit Jewels IPO is expected to list on both BSE and NSE mainboard tentatively on recently. The subscription closes today. Allotment is expected on recently.
What was Advit Jewels anchor investor allocation?
Ans. Advit Jewels raised Rs 49.52 crore from 4 anchor investors at Rs 138 per share on recently: Taurus Mutual Fund (30.65% across three schemes), Holani Venture Capital Fund (26.85%), Mint Focused Growth Fund PCC-Cell 1 (21.60%), and Venus Investment VCC Venus Stellar Fund (20.90%).
Should I still apply for Advit Jewels IPO on Day 3?
Ans. Today is the final day to apply for the Advit Jewels IPO. With a GMP of Rs 56-64 and strong Day 1 subscription of 11.30x, demand is clearly strong. However, high overall subscription means the retail lottery will significantly reduce individual allotment probability. At Rs 13,800 per lot, the minimum application is accessible to most retail investors. Consult a SEBI-registered financial advisor before applying. GMP and subscription data do not guarantee listing gains.
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Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.
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