Advit Jewels Unveils IPO Price Band Ahead of June 23 Launch: Key Details Inside!
Advit Jewels, a prominent Jaipur-based manufacturer specializing in Kundan, Polki, and diamond-studded jewelry, has announced the price band for its upcoming initial public offering (IPO) set at Rs 130-138 per share. The public issue is scheduled to open for subscription on June 23 and will close on June 25. With a total offering of 1.19 crore equity shares, Advit Jewels aims to raise approximately Rs 165 crore at the upper end of the price band. The proceeds from the IPO will primarily be directed towards enhancing working capital, repaying certain borrowings, and general corporate purposes, thus indicating a strategic focus on strengthening financial stability and operational capacity.
Operating under the “Rambhajo” brand, Advit Jewels offers a diverse range of both traditional and contemporary handcrafted jewelry. The company’s production unit in Jaipur is equipped with advanced machinery, including 3D printers and polishing machines, allowing it to manage the entire jewelry production process internally. This vertical integration not only ensures high-quality standards but also reduces turnaround times, enabling the company to cater to a wide array of customer preferences. With a keen focus on design innovation and customization, Advit Jewels positions itself effectively in the competitive jewelry market, appealing to B2B and B2C clientele.
The grey market sentiment ahead of the listing has been cautiously optimistic, reflecting the growing interest among investors for well-structured IPOs in the Indian market. Given Advit Jewels’ reported revenue of Rs 1,237.9 crore and a net profit of Rs 254.4 crore for the nine months ending December 31, 2025, the company demonstrates solid financial health. For Indian investors, this IPO presents an opportunity to invest in a company with a robust operational model and an established position in the evolving jewelry market. As retail demand continues to rise, Advit Jewels’ strategic initiatives and in-house manufacturing capabilities could prove beneficial, potentially offering attractive returns for investors in the long run.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)