211.40xsubscribed
Advit Jewels IPO
211.40xsubscribed
Diamond & Jewellery
listed
211.40xsubscribed
₹13,000Min. investment
Advit Jewels Limited IPO Details
Sector
Diamond & Jewellery
Issue size
₹165Cr
IPO type
Mainboard
Market cap
₹632.18CrLower than sector avg
Price range
₹130 – ₹138
Listing exchange
BSE, NSE
RevenueApr 8 - Mar 9
₹124.94CrLower than sector avg
Listing date
1 Jul 2026
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 8 - Mar 9
₹124.94CrLower than sector avg
Growth rate3Y CAGR
63.74%Higher than sector avg
Advit Jewels IPO Subscription Status
As on 23-Jun-26, 4:30 PM
Advit Jewels IPO Timeline
- Pre-apply19 Jun 2026
- Bid start23 Jun 2026
- Bid end25 Jun 2026
- Allotment29 Jun 2026
- Release of funds30 Jun 2026
- Demat transfer30 Jun 2026
- Listing1 Jul 2026
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
Advit Jewels Limited IPO Analysis
IPO REVIEW
Advit Jewels IPO | Analysis Video
Should you apply?
Watch our analysts break down the Advit Jewels Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
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.
Objectives of Advit Jewels Limited IPO
Working capital
39.30%
Repayment of debts
39.30%
General corporate purposes
21.20%
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Company NameAdvit Jewels Limited
How to apply for Advit Jewels IPO?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Latest News on Advit Jewels Limited IPO
Advit Jewels IPO opens June 23: Check issue details, objectives and key dates
2 min read
Advit Jewels IPO price band set at ₹130 to ₹138 per share; check lot size and key dates
2 min read
Advit Jewels IPO: 10 key points to consider before ₹165 crore offer opening on June 23
2 min read
Advit Jewels IPO subscribed 5.14 times so far on Day 1: Check price band, lot size, objectives and key dates
2 min read
Advit Jewels IPO Day 2: Issue booked 25 times so far; check category-wise subscription status
2 min read
Advit Jewels IPO subscribed 79.80 times so far on Day 3: Check allotment date and steps
2 min read
Advit Jewels IPO allotment finalised: Check status online on NSE, BSE, Bigshare Services; listing date, time revealed
3 min read
Advit Jewels IPO Listing Date: 4 key things retail investors should know before it hits NSE, BSE
2 min read
Advit Jewels Limited IPO FAQs
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.
What are the open and close dates of the Advit Jewels IPO ?
Advit Jewels IPO will be open between 2026-06-23 and 2026-06-25.
What is the allotment date for the Advit Jewels IPO ?
Advit Jewels IPO allotment date is 2026-06-30. For Advit Jewels IPO allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Advit Jewels IPO ?
For Advit Jewels IPO, the IPO registrar is Bigshare Services Private Limited . You can check Advit Jewels IPO allotment status on the website of the registrar.
Where is the Advit Jewels IPO getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Advit Jewels IPO shares be credited to your demat account?
The Advit Jewels IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Advit Jewels IPO ?
The Advit Jewels IPO lot size is 100 and minimum order quantity is 100.
What is the price band for the Advit Jewels IPO ?
Advit Jewels IPO has set the price band for its IPO at 138 per equity share with a face value of 10.