Advit Jewels IPO

Advit Jewels IPO Overview

Advit Jewels IPO is a 100% book-built issue of 1.20 crore shares worth up to ₹165 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2025 and received approval in November 2025.

The price band of the issue is set at ₹130 to ₹138 per share and the lot size for an application is 100 shares. The minimum amount required by an individual investor (retail investor) is ₹13,800 (100 shares). The IPO will be open for subscription from June 23 to 25, 2026, on the BSE and the NSE platform, with a tentative listing date fixed as July 1, 2026. The book-running lead manager of the issue is Holani Consultants Private Limited, while the registrar to the offer is Bigshare Services Private Limited.

Advit Jewels IPO Date & Timeline

The Advit Jewels IPO is officially set to open for subscription on Jun 23, 2026 and will close on Jun 25, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) in November 2025 and has now finalized its schedule following SEBI approval. Once, the allotment window is expected on Jun 29, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Jun 30, 2026. Finally, Advit Jewels Ltd.'s shares are tentatively scheduled to list on the stock exchanges on Jul 1, 2026.

Advit Jewels IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Advit Jewels IPO GMP is currently trading at ₹54, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹192, which is 39.13% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Advit Jewels Ltd. was incorporated as a private limited company on October 29, 2019, then on April 30, 2025, the company converted into a public limited company to proceed with its public listing procedure. Its current business structure is relatively modern, but the business has maintained the deep-rooted heritage of the jewellery industry in Jaipur, Rajasthan.

The strategic location setup of the company helps in expansion, as Jaipur is a city globally renowned as a hub for gemstone and jewellery craftsmanship. From the start, the business mainly focused on the manufacturing and wholesale of exquisite jewellery, evolving from a local player into a supplier that serves a broad network of retailers and wholesalers across India.

Operations & Product Range

The core operations of Advit Jewels Ltd. revolve around the precision manufacturing of high-value jewellery. The company’s product portfolio is diverse, catering to varying consumer tastes and price points. The primary offerings provided include gold, diamond-studded and traditional Polki (uncut diamond) jewellery that is highly in demand, especially in the Indian market. As the company primarily functions as a B2B entity, with a target customer of retail showrooms and large-scale wholesalers, it benefits in achieving a significant volume with high-quality traditional and authentic designs.

Facilities & Capacity

Advit Jewels Ltd. operates a manufacturing facility in Jaipur, Rajasthan, where it works with modern machinery and traditional handcrafted stations, which allow the company to blend technology with artisanal skill. The combination of these methods is essential for creating the adorable designs required for Polki and diamond-embedded sets. Now, the facility provides an annual installed capacity to process approx 1,200 kg of gold jewellery and 50,000 carats of diamond and Polki jewellery.

Brands & Market Presence

The market presence of Advit Jewels Ltd. is strongest in the northern and western regions of India, as those states' cultural designs are closely relatable to the custom-made designs of this company. Advit Jewels serves a wide range of clients in India. The "Advit" name is associated with quality craftsmanship in the wholesale circles of the industry. The company mainly operates in the domestic market and generates more revenue from the domestic market and manages to explore the massive industry of India and it remains a primary driver for gold and diamond consumption. The company maintains various industry-standard certifications for the purity of its metals and the authenticity of its stones, which are critical for maintaining trust in the wholesale jewellery market.

Revenue Streams & Business Model

The primary revenue stream for Advit Jewels Ltd. is the sales of finished jewellery products and the custom designs they make as per the requirements of the clients. The business model is built on high-value transactions with recurring wholesale clients. From their centralised manufacturing hub in Jaipur and a lean distribution model, Adit Jewels aim to optimise their operating margins. The company has shown consistent growth financially and revenue from operations increased from ₹85.64 crore in fiscal 2022 to ₹154.32 crore in fiscal 2024. This reflects the surge in the client base of the company, with an increase in the volume of precious metals processed.

Management & Shareholding

The promoters of Advit Jewels Ltd. are Mr Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara and Mr Krishna Vardhan Gilara. Before the IPO, the promoters held a 94.29% stake and promoter group held a 0.30% stake in the company, but after the IPO, the promoters’ and promoter group's shareholding will not be diluted, as the offering include only a fresh issue of shares.

Board & Key Management

The leadership of Advit Jewels Ltd. is led by a team of experts with many years of experience. Nitin Gilara serves as the Chairman and gives strategic direction to the firm; also, the daily operations are managed by Nitin, as the Managing Director, along with Whole-Time Directors Prateek Gilara and Vipul Gilara. To ensure good governance, the board includes Independent Directors Amit Bardia, Sidharth Bafna, Divyank Bader and Arzoo Mantri for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.