Advit Jewels will finalise share allotment for its initial public offering on Monday, 29 June, following a subscription rate of 212.63 times.
The Jaipur-based jewellery manufacturer’s ₹165.20 crore fresh issue closed bidding with intense investor demand, significantly outpacing the 44.16 times subscription recorded by the end of the third day.
Investors can verify their allotment status through the registrar Bigshare Services’ portal.
Successful applicants will see shares credited to their demat accounts on Tuesday, 30 June, while refunds for unsuccessful applications are expected to be initiated shortly thereafter.
The issue, priced between ₹130 and ₹138 per share, saw strong participation from qualified institutional buyers, driving the oversubscription multiple higher in the final hours of bidding.
The high demand reflects broader investor appetite for consumer discretionary plays in the Indian market, particularly in the organised jewellery segment.