Advit Jewels IPO Subscribed 212.52 Times on Day 3

Advit Jewels Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 212.52 times overall subscription by 4:59 PM on Day 3 (June 25, 2026). The ₹165.16 crore book-build issue, priced at ₹130 to ₹138 per share, received bids for 1,78,07,73,900 shares against 83,79,300 shares on offer, with total applications reaching 32,02,097.

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Subscription Status of Advit Jewels IPO

Here are the subscription details for Advit Jewels IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 212.52 times on the final day, from Day 2's 44.37 times, driven by a sharp last-day surge in institutional and NII demand.
• Non-institutional investors led with exceptional demand at 536.32 times, surging from Day 2's 121.48 times, with bNII at 554.12 times and sNII at 502.07 times, reflecting extraordinary HNI appetite for this Jaipur-based handcrafted jewellery IPO.
• Qualified institutional buyers (ex-anchor) surged to 174.98 times from Day 2's 1.56 times, indicating massive institutional interest concentrated on the closing day.
• Retail investors improved to 95.11 times from Day 2's 35.75 times.
• Total applications reached 32,02,097 on Day 3.
   

Key Highlights – Day 2

• Overall subscription surged to 43.26 times, from Day 1's 11.30 times, driven by a sharp acceleration in NII demand on Day 2.
• Non-institutional investors led with exceptional demand at 118.18 times, surging from Day 1's 23.86 times, with sNII at 156.46 times and bNII at 99.18 times, reflecting extraordinary HNI appetite for this Jaipur-based handcrafted jewellery IPO.
• Retail investors improved to 34.95 times from Day 1's 11.74 times.
• Qualified institutional buyers (ex-anchor) improved marginally to 1.55 times from Day 1's 1.11 times.

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.