Advit Jewels Ltd has opened its initial public offering to public subscription, with the bidding window running until 25 June 2026.
The Jaipur-based jewellery manufacturer has priced its equity shares within a band of ₹130 to ₹138, setting the stage for what could be a well-received debut in the consumer discretionary sector.
Early market sentiment appears positive, with grey market observers quoting a premium of ₹64 per share on the first day of subscription.
This implied listing price of approximately ₹202 would represent a significant upside from the upper end of the issue price, signaling robust interest from retail and institutional investors alike.
The ₹165.20 crore fresh issue is designed to fund the company’s expansion plans and strengthen its balance sheet.
As one of the few pure-play jewellery brands seeking a public listing in recent months, Advit Jewels is testing the appetite for consumer-facing IPOs in the current market environment.