Advit Jewels has opened its initial public offering to public subscription, setting the price band for its equity shares between ₹130 and ₹138.
The Jaipur-based jewellery manufacturer’s ₹165.20 crore fresh issue runs from June 23 to June 25, marking the start of the bidding window for the company’s market debut.
Grey market sentiment appears robust ahead of the listing, with the grey market premium (GMP) suggesting a potential 46% listing pop.
Grey market sentiment appears robust ahead of the listing, with the grey market premium (GMP) suggesting a potential 46% listing pop.
This speculative pricing indicates strong early investor appetite for the brand, which has positioned itself around craftsmanship and premium jewellery demand.
The GMP serves as an informal barometer of market sentiment, though actual listing gains will depend on final subscription levels and institutional demand.
The offering comes at a time of mixed signals in the Indian IPO market.