Advit Jewels IPO 2026: Price Band, Dates, GMP, Size

What is driving attention to this IPO

Advit Jewels is set to open its initial public offering (IPO) for subscription on June 23, 2026, with a fixed price band of ₹130 to ₹138 per share. The issue size is stated at ₹165.16 crore, and the company has positioned the offer as a fresh issue with no offer-for-sale (OFS) component. That structure matters because it means the entire IPO proceeds are intended to flow into the company rather than to selling shareholders.

Market interest has also been supported by grey market premium (GMP) indications cited across multiple trackers, though the company and market participants typically note that grey market trading is unofficial. The IPO comes at a time when the article notes declining gold consumption, while also stating that the company has seen profit growth over the past three years.

Key dates: opening, closing, allotment, and listing

The IPO will open on June 23, 2026 and close on June 25, 2026. The anchor book is scheduled to open on June 22, 2026, a day prior to the main issue opening. The basis of allotment is expected to be finalised on June 29, 2026.

Shares are expected to list on both NSE and BSE, with a tentative listing date of July 1, 2026. Investors tracking the issue typically align their application and fund-blocking timelines to these milestones.

Price band, lot size, and minimum retail investment

Advit Jewels has fixed the IPO price band at ₹130 to ₹138 per share. The face value is ₹10 per share, and the lot size is 100 shares. At the upper end of the price band, the minimum retail application amount works out to ₹13,800 for one lot.

Because the issue uses a book-building structure with a band, retail bidders generally submit at the cut-off price, which effectively aligns with the upper end of the band if fully subscribed.

Issue structure: fresh issue and share count

The IPO is described as entirely a fresh issue of 1,19,68,000 equity shares (about 1.19 crore shares). There is no OFS component, which means proceeds from the share sale are to be received by Advit Jewels.

The total issue size is stated as up to ₹165.16 crore. The company’s pre-issue shareholding is stated at 3,38,42,000 shares, which is expected to increase to 4,58,10,000 shares post-issue.

One section also mentions a market capitalisation of ₹632 crore and indicates about 26% dilution. The article additionally notes that the company raised ₹23 crore via a private placement in May 2026 at ₹125 per share.

How the company plans to use the IPO proceeds

According to the stated objectives in the red herring prospectus (RHP) referenced in the article, the company plans to allocate ₹65 crore for incremental working capital needs and ₹65 crore for repayment of outstanding borrowings. The remaining portion of the net proceeds is earmarked for general corporate purposes.

The note about debt repayment is also linked to the assertion that the company aims to become debt-free post IPO, based on how the proceeds are planned to be deployed.

Grey market premium (GMP) signals and implied listing price

The GMP for Advit Jewels IPO is cited at multiple levels in the provided text, including ₹62 to ₹64 per share and, in another place, ₹80 per share. One portion also mentions it was “last heard” at 90 to 95 per share. Based on the cited ₹64 GMP, the article states an implied unofficial market price around ₹202 (₹138 upper band plus ₹64).

The text also mentions that at GMP levels of around ₹62 to ₹64, the implied listing premium is roughly 45% to 46.38% over the upper end of the band. Separately, it notes the “highest GMP” as ₹91 and the “lowest” as nil. These figures are described as sentiment indicators rather than regulated price discovery.

Reservation mix: what the article reports

On category allocation, the article contains two sets of figures. One section states that, of the net issue, 50% is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

Another reservation summary in the provided text states that out of the total 1,19,68,000 shares, approximately 19.99% are reserved for QIB, 15.01% for NII, 35.01% for retail investors, and 29.99% for anchor investors. Readers typically reconcile these differences by checking whether the split refers to the net offer versus an offer including anchor allocation, but the article presents both sets as reported numbers.

Business profile and key risks highlighted

Advit Jewels is described as a Jaipur-based jewellery manufacturer and a relatively young company, incorporated in 2019, with a limited operating track record. The article flags heavy dependence on the B2B segment, stating that 81.63% of FY25 revenue came from B2B. It also warns that any loss of key dealer or retailer relationships could affect sales.

The company is described as capital-intensive, with gold procurement requiring immediate cash while customer sales may operate on credit cycles. A specific operational point mentioned is negative operating cash flows in FY25, with ₹36.98 crore locked in inventory and receivables. The article also highlights exposure to input cost volatility and supplier risks, including the potential for higher costs or limited availability of gold, diamond polki, and other precious or semi-precious stones, along with the absence of long-term supplier contracts.

Intermediaries and process-related details

Holani Consultants is named as the sole book-running lead manager to the issue. Bigshare Services is stated as the registrar. The listing is planned on both BSE and NSE, with July 1, 2026 cited as the tentative listing date.

One table-style snippet in the text also contains an “Issue Size ₹5,976.95 Cr” line that conflicts with the repeatedly stated ₹165.16 crore issue size. Since the article elsewhere consistently describes a ₹165.16 crore offer, investors typically treat such outliers as tracker errors and rely on the offer documents.

IPO snapshot table

What investors will likely track into listing

Based on the information provided, investors are likely to track GMP movements and subscription trends across QIB, NII, and retail categories during June 23 to June 25. They may also focus on how effectively the company uses the planned ₹65 crore working capital infusion and ₹65 crore debt repayment.

The risks flagged in the article point to working capital intensity, supplier pricing, and gold and stone price volatility as key variables to watch. The stated negative operating cash flow in FY25 and the high B2B concentration are also central operating metrics referenced in the provided text.

Conclusion

Advit Jewels’ ₹165.16 crore IPO opens on June 23, 2026 with a ₹130 to ₹138 price band, and it is structured as a full fresh issue with proceeds earmarked for working capital, debt repayment, and general corporate purposes. The next concrete checkpoints are the anchor book on June 22, issue close on June 25, allotment expected on June 29, and the tentative NSE and BSE listing on July 1, 2026.