Advit Jewels IPO Launches Tomorrow with GMP at 47%, SBI Securities Strongly Recommends ‘Subscribe’

The Advit Jewels IPO, scheduled for subscription from June 23 to June 25, 2026, marks a significant entry for the Jaipur-based handcrafted jewelry maker. The public issue will consist of a fresh issue of 1.20 crore equity shares, aiming to raise Rs 165.16 crore, with a price band set at Rs 130 to Rs 138 per share. Market sentiment ahead of the launch is strong, as indicated by the grey market, where shares are commanding a premium of approximately 47% above the upper price band. This suggests a potential listing price of around Rs 202 per share, underscoring robust investor interest.

Advit Jewels plans to utilize the funds raised from the IPO primarily for enhancing its working capital to support ongoing operations and future growth initiatives. A significant allocation of Rs 65 crore will also be designated for the repayment of existing borrowings, a move expected to reduce debt and improve the company’s financial stability. Additionally, the company aims to reserve part of the proceeds for general corporate purposes, allowing for strategic flexibility as it looks to expand its operations in the competitive handcrafted jewelry market.

The IPO promises an attractive investment opportunity for Indian investors, particularly given the solid financial performance Advit Jewels has demonstrated, with a reported revenue of Rs 123.79 crore and a net profit of Rs 25.44 crore for the nine-month period ending December 31, 2025. Analysts believe the company’s strong growth profile and profitability, particularly its superior operating margins, justify the valuation presented in the IPO. With brokerage firm SBI Securities recommending a ‘Subscribe’ rating on the issue, investor sentiment appears favorable, indicating potential for value appreciation in the near term post-listing.

Source: The Economic Times

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