Jaipur-based handcrafted jewellery brand Advit Jewels has seen a strong start to its public issue, with investor demand picking up sharply from Day 1. Within the initial hours of bidding, the IPO was subscribed 6.75 times against a total offer of 83.79 lakh shares, driven by strong interest from retail and non-institutional investors.

The IPO is commanding a strong grey market premium (GMP) of around 47%, indicating a potential listing price of nearly Rs 202 per share versus the upper price band of Rs 138. This points to upbeat sentiment and strong listing expectations.

The Rs 165.16 crore issue is entirely a fresh equity offering of 1.20 crore shares, with no offer-for-sale component, meaning all proceeds will go directly to the company. The price band has been fixed at Rs 130-Rs 138 per share and retail investors can apply for a minimum lot of 100 shares, requiring an investment of Rs 13,800 at the upper band.

The subscription window remains open until June 25, 2026, with allotment expected by June 29. If all goes as scheduled, the company is set to make its stock market debut on the NSE and BSE on July 1, 2026, marking its entry into the listed space amid strong early investor enthusiasm.

Advit Jewels IPO subscription status – Day 1

By 2 pm on Day 1, the Advit Jewels IPO had already been oversubscribed 6.75 times, reflecting strong early investor demand against a total issue size of 83.79 lakh shares.

Retail Individual Investors (RIIs) showed healthy participation, subscribing 7.50 times to their quota of 41.90 lakh shares.

Demand was even stronger in the Non-Institutional Investors (NIIs) category, which was subscribed 12.60 times for its portion of 17.96 lakh shares.

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The Qualified Institutional Buyers (QIB) segment was also in positive territory, subscribing 1.04 times.

Courtesy: Economic Times