Advit Jewels has launched its initial public offering, opening the bidding window for its ₹165.20 crore fresh issue.
The Jaipur-based jewellery manufacturer has set the price band for its equity shares between ₹130 and ₹138, offering up to 11,968,000 shares to the public.
The issue is scheduled to close on Thursday.
The company secured ₹49.5 crore in anchor investor commitments ahead of the launch, providing an early signal of institutional interest.
This anchor book-building phase is a critical indicator for retail and QIB (Qualified Institutional Buyer) participation in the subsequent bidding days.
The IPO launch comes at a time of mixed sentiment in the Indian primary market.