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
De fundamentele kracht van het bedrijf komt tot uiting in de recente financiële verslagen. Over de negen maanden die eindigden op 31 december 2025, rapporteerde Advit Jewels robuuste cijfers, waarbij de omzet uit activiteiten ₹1.237,9 crore bereikte. Nog indrukwekkender is dat het bedrijf in dezelfde periode een nettowinst van ₹254,4 crore boekte, wat de sterke marges en operationele efficiëntie in het luxesegment onderstreept.
Holani Consultants treedt op als book-running lead manager voor de uitgifte, terwijl Bigshare Services is aangesteld als registrar.
Belangrijkste punten
- IPO-venster: De uitgifte opent op 23 juni en sluit op 25 juni, met een prijsband van ₹130–₹138 per aandeel.
- Kapitaaldoel: Het bedrijf streeft ernaar om ~₹165 crore op te halen via een nieuwe uitgifte van 1,19 crore aandelen om het werkkapitaal en de terugbetaling van schulden te financieren.
- Financiële kracht: Advit Jewels rapporteerde een aanzienlijke omzet van ₹1.237,9 crore en een nettowinst van ₹254,4 crore voor de negen maanden die eindigden op 31 december 2025.