Advit Jewels IPO
Diamond, Gems and Jewellery • ₹165.16 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- The company’s cost of material consumption is heavily concentrated in gold, diamond polki,…
- The company has witnessed a sharp increase in inventory levels, which rose from Rs 10.42 c…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹138
Lot Size
100 shares
Issue Size
₹165.16 Cr
Open
23 Jun 2026
Close
25 Jun 2026
Subscription
211×
IPO Schedule
| Issue Open Date | 23 Jun 2026 |
| Issue Close Date | 25 Jun 2026 |
| Listing Date | 30 Jun 2026 |
About Advit Jewels
Advit Jewels Limited is engaged in the manufacturing and sale of handcrafted gold jewellery. The company specialises in Kundan, Polki, diamond-studded, and other fine jewellery products, catering primarily to dealers, showrooms, jewellery retailers, and select individual customers. Its product portfolio includes necklaces, earrings, rings, bangles, pendant sets, bracelets, and customised jewellery pieces made using gold, polki diamonds, and coloured stones. The company operates a manufacturing facility in Jaipur, Rajasthan, with a built-up area of approximately 6,450 sq. ft. on leased premises. The facility is equipped with machinery such as 3D printers, casting units, and polishing machines, enabling the company to undertake the entire jewellery production process in-house, from raw material processing to final finishing. Advit Jewels also operates under the “Rambhajo” brand and has a display centre in Jaipur for showcasing its jewellery designs and products.
Company Details
Founders / Promoters
Mr Nitin Gilara
Founded
2019
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Advit Jewels — IPOFins Verdict
QuantitativeDriven by QIB demand at 175.0x and moderate disclosed risk (5/10), Advit Jewels listed at a premium of 36.9% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims to operate an integrated jewellery manufacturing facility in Jaipur, Rajasthan, where the entire production process is carried out in-house. Its facility, spread across approximatel
- Advit Jewels specialises in handcrafted Kundan and Polki jewellery and claims to have a portfolio of over 2,000 jewellery designs as of March 31, 2025. The company follows a customised manufacturing a
- The company derives its business from the “Rambhajo” brand, which traces its roots to a jewellery business established in Jaipur in 1921. This provides it with a long operating legacy in the Kundan, P
- The company claims to maintain a dedicated quality control process throughout the manufacturing cycle. Jewellery pieces undergo multiple stages of inspection covering design specifications, metal puri
- The company has reported strong financial growth over the last three fiscal years. Revenue from operations increased from Rs 46.60 crore in FY23 to Rs 69.45 crore in FY24 and Rs 124.94 crore in FY25,
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹138
Listing Price
₹188.9
Listing Gain/Loss
+36.88%
Listing Date
30 Jun 2026
Price Since Listing
Returns are measured against the ₹138 issue price.
Listing
₹188.9
+36.9%
1 Week
₹169.19
+22.6%
1 Month
₹177.5
+28.6%
Current
₹177.5
+28.6%
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FAQ
What is the price band of Advit Jewels IPO?
The price band is ₹138 per share with a lot size of 100 shares. Minimum investment: ₹13,800.
What does Advit Jewels do?
Advit Jewels Limited is engaged in the manufacturing and sale of handcrafted gold jewellery. The company specialises in Kundan, Polki, diamond-studded, and other fine jewellery products, catering primarily to dealers, showrooms, jewellery retailers, and select individual customers. Its product portfolio includes necklaces, earrings, rings, bangles, pendant sets, bracelets, and customised jewellery pieces made using gold, polki diamonds, and coloured stones. The company operates a manufacturing facility in Jaipur, Rajasthan, with a built-up area of approximately 6,450 sq. ft. on leased premises. The facility is equipped with machinery such as 3D printers, casting units, and polishing machines, enabling the company to undertake the entire jewellery production process in-house, from raw material processing to final finishing. Advit Jewels also operates under the “Rambhajo” brand and has a display centre in Jaipur for showcasing its jewellery designs and products.
Should I apply for Advit Jewels IPO?
Advit Jewels listed at ₹188.9 (+36.9% premium to the ₹138 issue price) after 210.6x subscription. IPOFins Score 9/10: Driven by QIB demand at 175.0x and moderate disclosed risk (5/10), Advit Jewels listed at a premium of 36.9% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Advit Jewels?
Advit Jewels was founded by Mr Nitin Gilara in 2019.