Advit Jewels IPO Subscribed 10.97 Times on Day 1
5paisa Capital Ltd
- 2 min read
Last Updated: 23rd June 2026 - 06:13 pm
Advit Jewels Limited's initial public offering (IPO) opened for subscription on June 23, 2026, recording an overall subscription of 10.97 times by 4:47 PM on Day 1. The ₹165.16 crore book-build issue, priced at ₹130 to ₹138 per share, received bids for 9,18,99,700 shares against 83,79,300 shares on offer, with total applications reaching 3,59,229.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Advit Jewels IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (June 23) | 1.11 | 23.21 | 11.35 | 10.97 |
Here are the subscription details for Advit Jewels IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 35,88,700 | 35,88,700 | 49.52 |
| QIB (Ex-Anchor) | 1.11 | 23,92,600 | 26,48,600 | 36.55 |
| NII | 23.21 | 17,96,700 | 4,16,92,800 | 575.36 |
| Individual Investors | 11.35 | 41,90,000 | 4,75,58,300 | 656.31 |
| Total | 10.97 | 83,79,300 | 9,18,99,700 | 1,268.22 |
Key Highlights – Day 1
- Overall subscription crossed full subscription strongly at 10.97 times on Day 1 (June 23, 2026), reflecting exceptional initial investor interest in this handcrafted fine jewellery IPO.
- Non-institutional investors led with strong demand at 23.21 times, with sNII at 35.91 times and bNII at 16.88 times on the opening day, reflecting strong HNI appetite for this Jaipur-based jewellery company.
- Retail investors recorded strong participation at 11.35 times on Day 1.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 1.11 times on Day 1.
- Anchor investors fully subscribed their allocation of ₹49.52 crores on June 22, 2026.
About Advit Jewels Limited
Incorporated in 2019, Advit Jewels Limited is a Jaipur-based handcrafted fine jewellery company specialising in Kundan, Polki, diamond, and studded pieces under the brand "Rambhajo", offering necklaces, earrings, rings, bangles, and customised jewellery in 14K and 18K gold. The company primarily operates on a B2B model supplying dealers, showrooms, and retailers, with B2C sales for made-to-order pieces.
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