Advit Jewels shares opened sharply higher on Indian exchanges on Tuesday, listing at ₹188.90 on the National Stock Exchange (NSE) and ₹187 on the Bombay Stock Exchange (BSE).
The debut prices represent a premium of roughly 37% over the company’s IPO issue price of ₹138, signaling robust initial demand from retail and institutional investors alike.
The strong listing performance follows a highly subscribed initial public offering.
The Jaipur-based jewellery manufacturer’s issue was subscribed 44.16 times by the close of the final bidding day on June 25.
Qualified institutional buyers led the surge in demand, underscoring confidence in the company’s market position and growth prospects in India’s competitive jewellery sector.
Advit Jewels priced its equity shares within a band of ₹138 per share, with the bidding window running until late June.