Advit Jewels

Advit Jewels, founded in 2019, has quickly established itself as a prominent player in the jewellery manufacturing industry. The company is known for its exquisite craftsmanship in Kundan, Polki, Diamond, and Studded jewellery, marketed under the brand name Rambhajo. Advit Jewels operates primarily in a B2B model, supplying its products to dealers, showrooms, and retailers, while also catering to B2C customers for exclusive jewellery pieces. The company's manufacturing facility is located in Jaipur, spanning 6,450 sq. ft., and is equipped with modern machinery such as 3D printers and casting units, enabling it to produce high-quality jewellery efficiently.

The company's product portfolio includes a wide range of jewellery items, including necklaces, earrings, rings, bangles, and customized pieces crafted in 14k and 18k gold with diamonds and colored stones. Advit Jewels leverages its expertise in traditional jewellery-making techniques, combined with contemporary designs, to offer unique and affordable jewellery options to its customers. The firm has positioned itself as a leader in the jewellery sector, known for its quality and innovation.

Advit Jewels is led by a team of experienced promoters, including Mr. Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara, and Mr. Krishna Vardhan Gilara, who bring a wealth of knowledge and expertise to the company. The promoters have played a crucial role in the company's rapid growth and success in the competitive jewellery market. With a strong focus on quality and customer satisfaction, Advit Jewels continues to expand its market presence and enhance its product offerings.

The company's operational scale is supported by a dedicated workforce and state-of-the-art manufacturing facilities, allowing it to meet the growing demand for its products. Advit Jewels' commitment to excellence and innovation has earned it a reputation as a trusted and reliable jewellery manufacturer, both domestically and internationally.

Advit Jewels is launching its IPO with a total issue size of ₹165.16 Crores, entirely through a fresh issue of shares. The IPO is priced in the range of ₹130 to ₹138 per share, with a minimum lot size of 100 shares. The subscription period is from June 23 to June 25, 2026, and the shares are set to list on the BSE and NSE on July 1, 2026. The proceeds from the IPO will be utilized for funding incremental working capital requirements and repaying certain borrowings.

Financially, Advit Jewels has demonstrated significant growth, with revenues increasing from ₹46.60 Crores in 2023 to ₹124.94 Crores in 2025. The company's PAT also improved from ₹10.39 Crores in 2023 to ₹25.37 Crores in 2025, reflecting a strong upward trajectory. However, the debt-to-equity ratio of 1.29 indicates a relatively high level of leverage, which could pose risks if not managed effectively.

The IPO is priced at a P/E ratio that reflects the company's growth potential, but the absence of listed peers makes direct valuation comparisons challenging. The company's strong ROE of 55.79% and ROCE of 27.48% are indicative of its profitability and efficient capital utilization.

Key strengths of the IPO include Advit Jewels' robust financial performance, strong brand presence, and experienced management team. However, the lack of institutional demand, as evidenced by the 0.0x QIB subscription, and the high debt levels are notable concerns. Additionally, the IPO's medium float size may limit liquidity in the secondary market.

Investors should weigh the company's growth prospects and financial health against the risks associated with its debt levels and market conditions. While the IPO presents an opportunity for long-term growth, potential investors should consider their risk tolerance and investment horizon before participating.