Advit Jewels IPO Bidding Final Day: GMP Signals Potential 38% Listing Gains—Is It Time to Subscribe?

Jaipur-based handcrafted jewellery brand Advit Jewels has successfully garnered significant interest as it enters the final day of its IPO bidding process. The public issue, which comprises entirely of a fresh issue of 1.20 crore equity shares, aims to raise Rs 165.16 crore, with a price band set between Rs 130 and Rs 138. By the end of Day 2, the IPO was subscribed 44.16 times overall, highlighting robust demand, particularly from the retail segment which saw a remarkable subscription of 35.46 times. The allotment is expected to be finalised by June 29, and shares are set to debut on the NSE and BSE on July 1, 2026, pending regulatory approvals.

The grey market sentiment surrounding Advit Jewels is notably positive, with the stock currently trading at a grey market premium (GMP) of approximately Rs 52, translating to around 38% above the upper issue price of Rs 138. If current trends persist, analysts anticipate shares could debut close to Rs 190 on listing day. However, investors are cautioned that GMP is an unofficial measure and does not guarantee either listing performance or future returns.

For Indian investors, the Advit Jewels IPO represents a lucrative opportunity, bolstered by impressive subscription numbers and optimistic grey market signals. Brokerage firms such as SBI Securities and Equivision have assigned a “Subscribe” rating, citing the company’s strong revenue growth and improving profitability, despite some inherent risks associated with market dependence on gold prices. The capital raised through this IPO is aimed at supporting working capital needs and reducing existing borrowings, potentially enhancing the company’s financial standing. As the IPO unfolds, it will be closely monitored by retail and institutional investors alike, reflecting an evolving landscape in the Indian jewellery sector.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)