Advit Jewels Limited Will Launch Its Initial Public Offering

News Desk, News Nation 360: The price range for Advit Jewels Limited's first initial public offering (IPO) is set at Rs 130 to Rs 138 per equity share (face value of Rs 10 each). Advit Jewels Limited is a well-known Jaipur-based manufacturer and retailer of traditional and modern handcrafted fine jewellery that operates under the well-known brand name Rambhajo. From Tuesday, June 23, 2026, until Thursday, June 25, 2026, the book-built issue will be open for public

subscription. During this time, investors will be able to bid for a minimum lot of 100 equity shares and in multiples of that amount. The total estimated value of this brand-new issue of 1,19,68,000 equity shares is Rs 165.16 crore, of which Rs 65 crore will be used to fund additional working capital needs, another Rs 65 crore will be set aside for the repayment or prepayment of outstanding bank borrowings, and the remaining amount will support general corporate purposes. The company operates a centralised, 6,450 square foot, fully integrated facility in Rajasthan that manages everything from raw gold melting to 3D printing and final polishing under one roof. The company specialises in highly detailed, unique Kundan, Polki, diamond, and studded pieces made mostly from 14K and 18K gold. For the nine months ending December 31, 2025, Advit Jewels recorded an impressive revenue of Rs 123.79 crore and a net profit of Rs 25.44 crore. The company primarily operates on a high-volume B2B model serving dealers and showrooms throughout India, supplemented by exclusive made-to-order B2C luxury bridal customisation. The public offering allots up to 50% of the net issue to Qualified Institutional Buyers (QIBs), reserving at least 15% for Non-Institutional Investors (NIIs) and 35% for retail individual bidders, with Holani Consultants Private Limited overseeing the book-running lead operations and Bigshare Services Private Limited acting as the registrar.

Pic - Krishnendu Kundu