Advit Jewels IPO
Bookbuilding IPO | ₹165.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Tue, Jun 23, 2026
IPO Close
Thu, Jun 25, 2026
Price Band
₹130.00 to ₹138.00
Market Cap (Pre-IPO)
₹632.18 Cr
IPO Details
| IPO Date | Jun 23, 2026 to Jun 25, 2026 |
| Listing Date | Tentative: Jun 29, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹130.00 to ₹138.00 |
| Lot Size | 100 Shares (Minimum: ₹13,800.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹165.00 Crores |
| Total Shares Offered | 11,968,000 shares |
| Fresh Issue | 11,968,000 shares |
| Offer For Sale | 11,968,000 shares |
Advit Jewels IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 5981300 |
| Retail Shares Offered | 41,90,000 |
| NII Shares Offered | 1796700 |
Advit Jewels IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹13,800 |
| Retail (Max) | 14 | 1,400 | ₹193,200 |
| S-HNI (Min) | 15 | 1,500 | ₹207,000 |
| S-HNI (Max) | 72 | 7,200 | ₹993,600 |
| B-HNI (Min) | 73 | 7,300 | ₹1,007,400 |
Advit Jewels Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.20 | 140.85 | 67.21 | 29.01 |
| Total Income | 123.80 | 124.94 | 69.45 | 46.60 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| EBITDA | 36.68 | 37.15 | 18.95 | 12.77 |
| NET Worth | 83.65 | 58.13 | 32.80 | 18.08 |
| Reserves and Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowing | 64.92 | 74.80 | 19.70 | 5.84 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 55.79% |
| ROCE (Return on Capital Employed) | 27.48% |
| Debt/Equity | 1.29 |
| RoNW (Return on Net Worth) | 43.64% |
| PAT Margin (Profit After Tax Margin) | 20.30% |
| EBITDA Margin | 29.73% |
| Price to Book Value | 7.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.50 | 7.41 |
| P/E (x) | 18.41 | 18.64 |
| Promoter Holding | 94.59% | 69.88% |
Company Promoters
- Mr. Nitin Gilara
- Mr. Prateek Gilara
- Mr. Vipul Gilara and Mr. Krishna Vardhan Gilara.
Company Overview
Advit Jewels – Company Overview
- Incorporated in 2019, Advit Jewels is a Jaipur-based jewellery company engaged in the manufacturing and trading of handcrafted fine jewellery under the brand name "Rambhajo".
- The company specializes in Kundan, Polki, Diamond, and Studded Jewellery, blending traditional craftsmanship with contemporary designs to create premium jewellery pieces.
- Its product portfolio includes necklaces, earrings, rings, bangles, and customized jewellery, crafted using 14K and 18K gold, diamonds, and coloured gemstones.
- The company primarily operates on a B2B business model, supplying jewellery to dealers, retailers, and showrooms across India. It also serves B2C customers through exclusive made-to-order jewellery. In FY 2025, 81.63% of revenue was generated from the B2B segment and 18.37% from the B2C segment.
- Advit Jewels' jewellery is 100% handcrafted by skilled artisans, ensuring high-quality workmanship and preserving traditional jewellery-making techniques.
- The company operates a 6,450 sq. ft. manufacturing facility in Jaipur, equipped with modern machinery such as 3D printers and casting units, enabling end-to-end in-house production from gold melting to polishing and quality checks.
- The company follows strict quality control processes, with a dedicated team inspecting design, purity, finishing, dimensions, and overall craftsmanship before dispatch.
- Advit Jewels has a PAN-India presence, with revenue generated from states including Maharashtra, Gujarat, Delhi, Rajasthan, Punjab, Haryana, Uttar Pradesh, West Bengal, and Telangana.
- As of April 30, 2026, the company had a total workforce of 111 employees.
Company Strengths
- Organized manufacturing under one roof
- Diversified product offering across customer segments
- Robust operational systems and risk mitigation framework
- Experienced leadership with proven execution capability
- Unwavering Commitment to Quality
Use of Proceeds
| 1) | Funding incremental working capital requirements of our Company | 65.00 |
| 2) | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks | 65.00 |
| 3) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Advit Jewels IPO Peer Comparison
Advit Jewels peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Advit Jewels Ltd. | 7.92 | 7.92 | 18.16 | - | 43.64 | - | - |
| Bluestone Jewellery and Lifestyle | -78.86 | -78.86 | 363.96 | - | -24.00 | - | Standalone |
| RBZ Jewellers Limited | 9.70 | 9.70 | 61.26 | 12.86 | 15.83 | - | Standalone |
| Radhika Jeweltech Limited | 5.09 | 5.09 | 27.34 | 11.10 | 18.63 | - | Standalone |
Quick Info
| Sector | Gems, Jewellery, and Luxury Goods |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹632.18 Cr |
Important Dates
| IPO Open | Jun 23, 2026 |
| IPO Close | Jun 25, 2026 |
| Allotment Date | Jun 30, 2026 |
| Credit to Demat | Jul 01, 2026 |
| Listing Date | Tentative: Jun 29, 2026 |
Lead Manager(s)
Holani Consultants Pvt.Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- IPO Type: Book build issue aggregating to ₹165.16 crores.
- Issue Structure: Entirely a fresh issue of 1.20 crore shares totaling ₹165.16 crores.
- IPO Dates: The issue opens on June 23, 2026 and closes on June 25, 2026.
- Allotment Date: Expected to be finalized on June 29, 2026.
- Listing Details: Shares are proposed to be listed on National Stock Exchange of India (NSE) and BSE Limited (BSE) with a tentative listing date of July 1, 2026.
- IPO Price Band: ₹130 to ₹138 per equity share.
- Lot Size: 100 shares per lot.
- Retail Investment Requirement: Minimum 1 lot (100 shares) amounting to approximately ₹13,800 (at the upper price band).
- sNII Investment Requirement: Minimum 15 lots (1,500 shares) totaling around ₹2,07,000.
- bNII Investment Requirement: Minimum 73 lots (7,300 shares) totaling around ₹10,07,400.
This IPO offers investors an opportunity to participate in the jewellery and precious metals sector, subject to market risks.