Advit Jewels
Advit Jewels is a leading jewellery company that manufactures fine jewellery in Kundan, Polki, Diamond, and Studded pieces under the brand name Rambhajo. Operating in the luxury goods sector, the firm blends traditional techniques with modern designs to provide unique and affordable jewellery.
Price Band
₹138 - ₹138
Lot Size
100 Shares
Issue Size
₹165.16 Cr
Fresh Issue
₹165.16 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹188.90
vs Issue: ₹138 (+36.88%)
📅 IPO Timeline
1
Open
TBD
2
Close
TBD
✓
Allotment
Jun 29
✓
Refund
Jun 30
✓
Demat
Jun 30
✓
Listing
Jul 1
✨ AI Analysis & Prediction
+23.2%
predicted listing gain
The predicted gain is adjusted slightly downward from the 36.23% GMP due to a lack of institutional subscription data and a moderate debt-to-equity ratio (1.29). However, the 100% fresh issue structure and exceptional ROE of 55.79% provide a strong fundamental cushion and positive sentiment.
💪 Strengths
- Exceptional ROE of 55.79% and strong PAT margins
- 100% Fresh Issue ensures all capital is used for company growth
⚠️ Weaknesses
- Debt-to-equity ratio of 1.29 is slightly elevated
- Concentrated manufacturing base in Jaipur
🚀 Opportunities
- Expansion of the B2C exclusive jewellery segment
- Scaling the Rambhajo brand across new geographies
🛡️ Threats
- High competition in the unorganized and organized jewellery sectors
- Fluctuations in gold and diamond raw material pricing
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding incremental working capital requirements of the Company | ₹65.00 |
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks | ₹65.00 |
| General Corporate Purpose | ₹35.16 |
📊 Key Financials
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 46.60 | 69.45 | 124.94 | 123.80 |
| PAT (₹ Cr) | 10.39 | 14.71 | 25.37 | 25.44 |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Incorporated in 2019, Advit Jewels has rapidly evolved into a prominent player in the fine jewellery market. The company specializes in crafting high-quality pieces using Kundan, Polki, and diamonds, positioning itself as a brand that bridges the gap between traditional Indian craftsmanship and contemporary design preferences.
The company's business model is hybrid, primarily operating on a B2B basis by supplying to dealers, showrooms, and retailers. Simultaneously, it maintains a B2C presence to serve customers seeking exclusive, customized jewellery pieces in 14k and 18k gold, often featuring coloured stones.
Operational scale is anchored by a dedicated manufacturing facility located in Jaipur, spanning 6,450 square feet. This facility is equipped with modern technology, including 3D printers and casting units, allowing the company to maintain precision and scalability in its production process.
The brand 'Rambhajo' serves as the primary vehicle for its market offerings, focusing on affordability without compromising the luxury appeal of the jewellery. This strategic positioning has allowed them to capture a growing segment of the jewellery market.
The company is led by a promoter group consisting of Mr. Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara, and Mr. Krishna Vardhan Gilara, who have collectively steered the company from its inception to its current scale.
Advit Jewels is launching a Mainboard IPO to raise approximately ₹165.16 crore, entirely through a fresh issue of shares. The IPO is priced with a band of ₹130 to ₹138 per share, with a minimum lot size of 100 shares (₹13,800). The issue opened on June 23, 2026, and closed on June 25, 2026, with listing scheduled for July 1, 2026, on both the BSE and NSE.
The proceeds from the fresh issue are earmarked for two primary purposes: ₹65 crore will be utilized to fund incremental working capital requirements, and another ₹65 crore will be used for the repayment or prepayment of outstanding borrowings from scheduled commercial banks.
Financial performance shows aggressive growth; revenue jumped from ₹69.45 crore in 2024 to ₹124.94 crore in 2025. Net profit (PAT) has followed a similar trajectory, increasing from ₹14.71 crore in 2024 to ₹25.37 crore in 2025, demonstrating strong operational scaling and margin management.
From a valuation perspective, the company exhibits an impressive ROE of 55.79% and an ROCE of 27.48%. While a detailed P/E comparison is limited, the high PAT margin of 20.30% and strong EPS growth suggest a robust earning capability compared to the broader jewellery sector.
Key investment strengths include the 100% fresh issue structure, which ensures capital stays within the company, and the rapid top-line growth. However, investors should note the debt-to-equity ratio of 1.29, which indicates a reliance on leverage to fund its expansion.
Overall, the IPO presents a growth-oriented opportunity in the luxury jewellery segment. Investors may view the strong financial growth and promoter commitment favorably, though they should balance this against the inherent volatility of the jewellery market.