Advit Jewels Sets IPO Price Band at ₹130-138; Issue Opens June 23
Jaipur-based luxury jewellery manufacturer Advit Jewels has officially announced the price band for its upcoming Initial Public Offering (IPO). Operating under the popular "Rambhajo" brand, the company aims to leverage this capital infusion to strengthen its manufacturing capabilities and expand its retail footprint.
IPO Details and Subscription Timeline
Advit Jewels has fixed the price band for its public issue at ₹130 to ₹138 per equity share. The subscription window is scheduled to open on June 23 and will remain open for three days, closing on June 25.
The IPO is structured as a fresh issue of 1.19 crore equity shares. If investors bid at the upper price limit of ₹138, the company expects to raise approximately ₹165 crore. For retail and institutional investors, the minimum application size is set at 100 shares, with further bids allowed in multiples of this lot size.
Strategic Use of Proceeds
The company has outlined a clear roadmap for the capital raised through this public issue. The proceeds are earmarked for three primary objectives:
- Working Capital: Funding the day-to-day operational requirements of the jewellery business.
- Debt Management: Repayment or prepayment of existing borrowings to optimize the balance sheet.
- General Corporate Purposes: Supporting various growth initiatives and business expansions.
As part of its growth strategy, Advit Jewels is currently constructing a flagship retail store in Jaipur to meet the rising demand for its handcrafted collections.
Manufacturing Excellence and Business Model
Advit Jewels differentiates itself through a highly integrated manufacturing process. Operating from a 6,450-square-foot facility in Jaipur, the company utilizes advanced technology, including 3D printers, casting units, and polishing machines. This in-house capability allows the brand to manage the entire lifecycle of a piece—from raw gold melting and chain making to stone setting and final quality inspection.
Specializing in Kundan, Polki, diamond, and studded jewellery, the company caters to both B2B and B2C segments. Its product portfolio, which includes necklaces, earrings, rings, and bangles, focuses heavily on design innovation and customization to meet specific cultural and market trends.
Strong Financial Performance
Kekuatan fundamental perusahaan tercermin dalam pengungkapan keuangan terbarunya. Untuk periode sembilan bulan yang berakhir pada 31 Desember 2025, Advit Jewels melaporkan angka yang kuat, dengan pendapatan operasional mencapai ₹1.237,9 crore. Yang lebih mengesankan, perusahaan mencatat laba bersih sebesar ₹254,4 crore selama periode yang sama, menyoroti margin yang kuat dan efisiensi operasionalnya di segmen mewah.
Holani Consultants bertindak sebagai manajer utama penata buku (book-running lead manager) untuk penerbitan ini, sementara Bigshare Services telah ditunjuk sebagai registrator.
Poin-Poin Penting
- Jendela IPO: Penerbitan dibuka pada 23 Juni dan ditutup pada 25 Juni, dengan rentang harga ₹130–₹138 per saham.
- Tujuan Modal: Perusahaan bertujuan untuk menghimpun ~₹165 crore melalui penerbitan baru sebanyak 1,19 crore saham untuk mendanai modal kerja dan pembayaran utang.
- Kekuatan Keuangan: Advit Jewels melaporkan pendapatan yang signifikan sebesar ₹1.237,9 crore dan laba bersih sebesar ₹254,4 crore untuk sembilan bulan yang berakhir pada 31 Desember 2025.