Blockbuster Gems & Jewellery IPO! Advit Jewels IPO Fully Subscribed By 7x On Day 1: Subscribe Or Not? GMP Here

Advit Jewels' IPO has witnessed a blockbuster rally. Advit Jewels IPO has opened for subscription from June 23rd onward. Before the first day could close, Advit Jewels' IPO had already been fully subscribed by nearly 7 times. This IPO has received one of the strongest demands in the grey market, indicating a more than 46% premium listing. The company plans to utilize the proceeds from the IPO for strengthening financial positions. Once listed, Advit will likely compete with other jewelers like Titan, Senco Gold, PN Gadgil, Kalyan Jewellers and Sky Gold among others.

Advit Jewels IPO Subscription Status

Advit Jewels has witnessed strong demand across investor categories right after opening for subscriptions on BSE and NSE.

At the time of writing, Advit recorded a bid of 5,59,20,800 equity shares against a total size of 83,79,300 equity shares. This is a subscription of 6.67 times the total offer.

The strongest demand was seen from non-institutional investors, whose category was oversubscribed by 12.46 times. The retail category was also oversubscribed by 7.41 times. The qualified institutional category has also been fully subscribed to 1.04 times.

The IPO opened on June 23rd and will close on June 25, 2026. The price band is of Rs 130 to Rs 138 per share. The bid lot is of 100 Equity Shares and in multiples thereof.

The IPO size is Rs 165.16 crore, which is entirely a fresh issue.

Advit Jewels IPO GMP Today

Advit Jewels has witnessed sharp surge in grey market compared to other mainboard IPOs. As per Investor Grain data, Advit Jewels IPO last GMP is Rs 64, last updated Jun 23rd 2026 01:00 PM. With the price band of 138.00, Advit Jewels IPO's estimated listing price is Rs 202 (cap price + today's GMP).The expected percentage gain/loss per share is 46.38%.

Advit Jewels IPO Allotment Date

After the IPO closes, the company will identify eligible shareholders. This will be done via allotment of shares which is going to held on June 29, 2026. Once identified, the company will credit shares to demat account to selected investors or credit the money back to non-eligible investors on June 30th.

Advit Jewels IPO Listing Date:

The IPO is expected to list on BSE and NSE on July 1, 2026.

Should You Subscribe Advit Jewels IPO?

"At the price band of INR 130-138, Advit Jewels is being offered at a post-issue market capitalisation of approximately Rs 596-632 crore on a fully diluted equity base of 4.58 crore shares. On reported FY25 earnings (PAT of Rs 25.37 crore), the IPO implies a PE of 23.5-24.9x. On annualised 9MFY26 PAT (~Rs 33.9 crore), the PE compresses to 17.6-18.6x, and P/BV stands at approximately 7.6x the post-IPO book value," said analysts at Deven Choksey.

However, these analysts added, "What concerns us is the FY25-to-9MFY26 earnings trajectory. On a consolidated basis, FY25 PAT actually dropped to INR 28.13 Cr (from INR 34.44 Cr in FY24) due to an extraordinary item of Rs 16.97 crore, and then 9MFY26 showed a "bumper" PAT of Rs 38.69 crore - pre-IPO earnings windows merit scepticism. At 18-19x annualised forward earnings for a company with a 6-year track record, single-facility operations, and high borrowings, the pricing leaves limited margin of safety."

For investors with appetite for high-growth small-caps and a 2-3 year horizon, a moderate allocation is warranted. For conservative institutional portfolios, we would wait for at least 2 quarters of postlisting earnings visibility, as per Choksey.

Accordingly, Deven Choksey has recommended to subscribe for listing gains.

Also, analysts at Anand Rathi in a note said, "While the issue appears aggressively priced, the company's strong growth prospects, scalable business model, and favorable industry outlook support its long-term potential. Accordingly, we assign a "Subscribe for Long Term" rating to the IPO."

Advit Jewels Limited has established a differentiated position within the Indian jewellery industry through its focus on premium handcrafted jewellery categories such as Polki, Kundan, Jadau and Meenakari jewellery, supported by the heritage Rambhajo's brand with roots dating back to 1921.

Additionally, Nirmal Bang's note said, for investors seeking listing gains, Advit Jewels appears to be one of the stronger IPO candidates currently available. The company combines strong financial performance with favorable industry dynamics and positive investor sentiment.

For long-term investors, the organized jewellery sector offers attractive growth opportunities as consumers increasingly shift toward branded and certified jewellery products. Nirmal's note added, however, investors should also consider industry-related risks such as gold price volatility, competition, and working capital requirements before making an investment decision.