Advit Jewels is finalising allotments for its initial public offering on Monday, June 29, following a subscription period that closed on Friday.
The Jaipur-based jewellery manufacturer’s public issue, which ran from June 23 to June 25, has emerged as one of the most subscribed IPOs in India so far in 2026.
Grey market sentiment remains bullish, with the premium (GMP) standing at ₹51 per share as of Monday morning.
This implies a potential listing price of approximately ₹189, assuming the issue was priced at the upper end of the band.
The premium reflects sustained investor appetite for the consumer discretionary sector, particularly among retail participants who drove much of the subscription volume.
The IPO was subscribed 44.16 times by the end of the bidding window, with qualified institutional buyers (QIBs) and high-net-worth individuals leading the demand.