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Advit Jewels IPO
Diamond & Jewellery
listed
211.40x
subscribed
₹13,000Min. investment
Advit Jewels Limited IPO Details
Issue size
₹165Cr
IPO type
Mainboard
Market Cap
₹632.18CrLower than sector avg
Price range
₹130 – ₹138
Listing ExchangeBSE, NSE
RevenueApr 20NaN - Mar 20FY
₹124.94CrLower than sector avg
Lot size
100 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
63.74%Higher than sector avg
SectorDiamond & Jewellery
Price range₹130 – ₹138
IPO type
Regular
Lot size100 shares
Issue size₹165Cr
Red Herring Prospectus
Read
Market Cap
₹632.18CrLower than sector avg
RevenueApr 20NaN - Mar 20FY
₹124.94CrLower than sector avg
Growth rate3Y CAGR
63.74%Higher than sector avg
Advit Jewels Limited IPO Overview
Advit Jewels IPO date
Advit Jewels IPO will open for subscription on June 23, 2026, and the closing date for the IPO is June 25, 2026. After this, investors are expected to be updated about the allotment status on June 29, 2026.
Investors who have been allotted shares can expect them to be credited to their demat account on June 30, 2026. The shares will be listed on the NSE and the BSE on Wednesday, July 1, 2026.
Advit Jewels IPO price band
The IPO is a completely fresh issue of ₹165 crore. The IPO price band has been set between ₹130 and ₹138 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising a fresh issue of ₹165 crore only. Advit Jewels IPO listing price will be determined on July 1, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.
Advit Jewels IPO lot size
Advit Jewels IPO details have been declared. The minimum lot size for an application is 100 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹165 crore.
Checklist
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Thangamayil Jewellery LtdObjectives
Working capital
39.30%
Repayment of debts
39.30%
General corporate purposes
21.20%
Strength and Weakness
Fully integrated manufacturing structure
A fully integrated manufacturing facility of size 6,450 sq. ft at Jaipur that combines traditional kundan/polki technology with advanced technologies such as laser cutting, casting, hydraulic press, and 3D printing for a complete manufacturing process within a single building.
Broad design collection
More than 2,000+ designs available in categories like Antique, Bridal, Traditional, Contemporary, and Fusion, available at different price levels and for different customer groups. Product collection oriented towards customisation rather than collections makes better business sense with repeat orders and customised wedding jewellery.
Strong risk management
Gold used in the manufacturing process is bought only from authorised bullion suppliers, and 24/7 CCTV cameras, alarm systems, fire protection mechanisms, and armed guards provide sufficient security to assets. Protection from all possible threats in terms of any theft, terrorist attacks, and natural disasters can be provided by insuring against such losses.
Experience promoters and management
Promoters who have been active in the jewellery business for many years head an experienced management team comprising experts in design, operations, marketing, and finance with varied backgrounds. The gemstone procurement expertise of the promoters adds an edge.
About Advit Jewels Limited
Advit Jewels is a Jaipur-based company engaged in the manufacturing and sale of traditional as well as contemporary handcrafted fine jewellery. Its products include kundan, polki, diamond and studded jewellery. The company has operated under its long-established brand, "Rambhajo", since 1921. The company combines more than 100 years of jewellery craftsmanship and business heritage with modern manufacturing capabilities.
The company offers a broad range of jewellery products, including necklace sets, chick sets, bracelets, bangles, earrings, pendant sets, rings, pendants, and traditional accessories such as nath, tika and mathapatti. It mainly works with 14-carat and 18-carat gold, diamond polki and coloured gemstones. The business focuses on the B2B segment, which supplies jewellery to dealers, jewellery showrooms and retailers across India. It also serves select B2C customers through customised and made-to-order jewellery pieces.
The B2B segment has grown significantly over the years. Currently, it contributed 82.4% of total revenue in 9MFY26, which was 63.01% in FY24. The B2C segment accounted for 17.39% during the same period. Among all product categories, necklace sets emerged as the largest contributor, accounting for 47.59% of revenue during 9MFY26, compared with ~31% in both FY25 and FY24.
The company’s manufacturing unit operates from leased premises with a built-up area of 6,450 sq. ft., located in Jaipur. The facility has modern machinery and equipment such as laser cutting and engraving machines, casting units, 3D printers, progressive and hydraulic press dies, vacuum machines and CVD testing equipment. The entire manufacturing process is carried out in-house. The installed production capacity of the facility is 400 kg per annum. Actual production stood at 183.44 kg in FY25 and 172.07 kg in FY24, with a capacity utilisation of approximately 45.86% and 43.02%, respectively. During 9MFY26, production was 86.31 kg, and capacity utilisation of 21.58%.
The key raw materials used by the company are gold, polki diamonds, precious stones and semi-precious stones. Rajasthan was the company's primary sourcing market that contributed 80.9% of total purchases in FY23 and 77.7% in FY24. During 9MFY26, Rajasthan's contribution decreased to 21.1%, while suppliers from other states contributed for 78.9% of total purchases. The company serves customers across 18 to 21 states in India and has recently started exporting its products. During 9MFY26, domestic sales contributed 98.7% of total revenue, amounting to ₹122.18 crore, while exports to the USA and Hong Kong made up revenue of ₹1.60 crore, which is 1.28% of total sales. Rajasthan remained the largest revenue-generating state, contributing 35.76% of total revenue, followed by Delhi at 20.75% and Maharashtra at 11.16%.
The sales volume increased from 141.15 kg in FY23 to 239.63 kg in FY25, which resulted in a volume growth of 38.92% over the period despite higher gold prices. Its customer base expanded from 96 customers in FY23 to ~258–260 customers during FY24 and FY25. Revenue generated per customer also improved from ₹48.55 lakhs in FY23 to ₹63.16 lakhs during 9MFY26. The company widened its product offering from 8 SKUs in FY23 to 21 SKUs in FY25.
The gems and jewellery business is well-known internationally for its excellent designs, extensive processing capacities, and diversified export range that includes diamonds, jewellery made of gold and silver, colored stones, and artificial stones. Almost 75% of global polished diamond production occurs in India, and the country is among the top exporters to the international market. It leads in exports of cut and polished diamonds, exporting goods worth $13.70 billion with 25% global market share.
India is ranked third when it comes to the export of gold jewellery, with exports of USD $11.10 billion accounting for a market share of 9.1%, whereas it is ranked second when it comes to the export of silver jewellery, with exports worth $1.17 billion representing 14.2% of the global market share. Domestic demand in India has been low due to its deep cultural roots in the country, especially at weddings and other festivals. Bridal jewellery forms 50-55% of the total annual consumption of gold. Recently, demand has also been impacted by changing consumer preferences towards lighter and everyday-wear jewellery. Also, competition is increasing from lab-grown diamonds. Gold jewellery consumption is expected to recover to ~800 tonnes by FY27, supported by rising disposable incomes, a growing middle-class population, mandatory hallmarking that is improving consumer confidence, and continued government efforts to formalise and modernise the sector.
The company is planning to set up a retail showroom to reduce dependence on credit-based wholesale sales and improve cash generation. Also, it intends to expand through a franchise-led model. The company also plans to participate in international trade fairs to improve brand visibility and expand its export business.
Now, Advit Jewels Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹165 crore only. Its shares will be listed on the NSE and BSE.
How to pre-apply for Advit Jewels IPO?
You can pre-apply for Advit Jewels IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Advit Jewels IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for Advit Jewels IPO?
If you are interested in this investment opportunity but unsure how to apply for Advit Jewels IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Advit Jewels IPO on Upstox:
- Log in to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Advit Jewels IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
**How to check the Advit Jewels IPO allotment status? **
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Advit Jewels IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your Advit Jewels IPO allotment status will be mentioned
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Advit Jewels IPO Subscription Status
Latest News on Advit Jewels IPO
Advit Jewels IPO will set aside half of the net issue for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.
2 min read
The ₹165.16 crore initial share sale of Advit Jewels is entirely a fresh issuance of 1.19 crore shares, with no offer for sale (OFS) component.
2 min read
The ₹165.16 crore initial public offering of Advit Jewels is exclusively a fresh issuance of 1.20 crore shares. There is no offer for sale component.
2 min read
The initial share sale of Advit Jewels is a fresh issuance of 1.20 crore shares valued at ₹165.16 crore. There is no offer for sale (OFS) component.
2 min read
Advit Jewels IPO, which has set a price band of ₹130 to ₹138 per share, will conclude on June 25. The initial share sale comprises a fresh issuance of 1.20 crore shares.
2 min read
Advit Jewels IPO is a fresh issuance of 1.20 crore shares worth ₹165.16 crore. With a price band of ₹130 to ₹138 per share, a lot consists of 100 shares.
2 min read
Advit Jewels IPO allotment status finalised: The initial public offering, with a price band of ₹130 to ₹138 per share, was a fresh issuance of 1.20 crore equity shares valued at ₹165.16 crore, with no offer for sale component.
3 min read
Advit Jewels IPO Listing Date: The initial share sale sought ₹165.16 crore through solely the fresh issuance of 1.20 crore equity shares. The funds generated will be utilised for working capital requirements, debt clearance and general corporate purposes.
2 min read
Frequently asked questions
How to invest in the Advit Jewels IPO ?
Investors can apply for the Advit Jewels IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Advit Jewels IPO ?
The issue size of the Advit Jewels IPO is 165 Cr.
What is 'pre-apply' for Advit Jewels IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Advit Jewels IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.