Key facts
- Advit Jewels' IPO price band is set at Rs 130-138 per share.
- The IPO subscription opens on June 23 and closes on June 25.
- The company aims to raise approximately Rs 165 crore.
- Funds will be used for working capital, debt repayment, and general corporate purposes.
- Advit Jewels operates under the 'Rambhajo' brand, specializing in Kundan, Polki, diamond, and studded jewellery.
Advit Jewels, a Jaipur-based manufacturer of Kundan, Polki, diamond, and studded jewellery, has announced its Initial Public Offering (IPO) with a price band set between Rs 130 and Rs 138 per share. The subscription period for the IPO will open on June 23 and conclude on June 25. The company intends to raise approximately Rs 165 crore through this public issue, which comprises a fresh issue of 1.19 crore equity shares.
The proceeds from the IPO are earmarked for funding working capital requirements, repaying or prepaying certain borrowings, and general corporate purposes. Advit Jewels operates under the 'Rambhajo' brand, producing both traditional and contemporary handcrafted jewellery for business-to-business (B2B) and business-to-consumer (B2C) markets. Its product portfolio includes necklaces, earrings, rings, and bangles, primarily crafted from gold, diamonds, and colored stones.
The company highlights its strengths in design innovation and customization, offering tailored products. Its manufacturing facility in Jaipur, spanning approximately 6,450 square feet, is equipped for in-house production from raw material processing to finishing. Advit Jewels is also developing a flagship retail store in Jaipur to expand its market reach.
For the nine months ending December 31, 2025, Advit Jewels reported revenue from operations of Rs 1,237.9 crore and a net profit of Rs 254.4 crore. Holani Consultants is serving as the book-running lead manager, and Bigshare Services is the registrar for the issue.