Advit Jewels IPO subscribed 79.80 times so far on Day 3: Check allotment date and steps

The initial public offering of Jaipur-based jewellery manufacturer Advit Jewels has been subscribed 79.80 times so far on the final day of bidding on Thursday, June 25.

It got bids for 66,86,45,400 shares compared to 83,79,300 shares on offer, according to the NSE data until 11:23 am.

It is a fresh issuance of 1.20 crore shares worth ₹165.16 crore. The money generated will be utilised for working capital requirements, debt clearance and general corporate purposes.

With a price band of ₹130 to ₹138 per share, a lot consists of 100 shares.

Advit Jewels is engaged in the manufacturing and sale of traditional and contemporary handcrafted fine jewellery. Its products include polki, kundan, diamond and studded jewellery. The firm operates under its long-established brand, "Rambhajo", since 1921. It combines over 100 years of jewellery craftsmanship and business heritage with modern manufacturing capabilities.

Advit Jewels IPO allotment and listing date

Advit Jewels IPO allotment status is expected to be finalised on Monday, June 29. The listing on stock exchanges will occur on July 1.

How to check Advit Jewels IPO allotment status on NSE

• Open NSE's allotment status page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• From the 'Select Symbol' dropdown, pick 'RAMBHAJO'
• Enter your PAN and application number
• Press the 'Submit' button

Steps to check Advit Jewels IPO allotment status on Bigshare Services

• Go to Bigshare Services' IPO allotment link: www.bigshareonline.com/ipo_Allotment.html
• Select any server from the 3 options
• Click on 'Advit Jewels Ltd' from the list of IPOs
• Enter any of these—beneficiary ID, application number or PAN
• Complete the 'captcha' to verify
• Press the 'Search' button