ADVIT JEWELS LTD IPO: Company Review, Subscription and Allotment Updates
2026-06-23 — Company overview and issue details ADVIT JEWELS LTD IPO (ABOUT THE COMPANY) ADVIT JEWELS LTD – COMPANY BACKGROUND Advit Jewels Ltd has been around since 2019 and it specializes in handcrafted fine jewellery. Its areas of…
2026-06-23 — Company overview and issue details
ADVIT JEWELS LTD IPO (ABOUT THE COMPANY)
ADVIT JEWELS LTD – COMPANY BACKGROUND
Advit Jewels Ltd has been around since 2019 and it specializes in handcrafted fine jewellery. Its areas of expertise include Kundan, Polki, and diamond studding. Its product portfolio includes necklaces, rings, ear-rings, bangles, and customized jewellery, largely crafted in 14 Carat and 18 Carat gold. The company mainly works on B2B model supplying directly to dealers and showrooms. While B2B accounts for about 82% of its revenues, its retail franchise does generate the balance 18% for the company. It has a modern manufacturing facility located at Jaipur in Rajasthan. .
Advit Jewels Ltd has been promoted by Prateek Gilara, Vipul Gilara, Krishna Vardhan Gilara. The IPO comprises entirely of a fresh issue with no offer for sale component. The issue is being lead-managed by Holani Consultants Private Ltd; while Bigshare Services Private Ltd are the registrars to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF ADVIT JEWELS LTD
Here are the key highlights of the public issue of Advit Jewels Ltd.
The IPO is open from June 23rd, 2026 to June 25th, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹130 to ₹138 per share.
The IPO of Advit Jewels Ltd will entirely be a fresh issue of shares, with no offer for sale (OFS) component.
The fresh issue portion comprises the issue of 1,19,68,000 shares (119.68 lakh shares), which at the upper price band of ₹138 per share translates into a fresh issue size of ₹165.16 crore.
Since there is no OFS, the overall issue will also comprise of 1,19,68,000 shares (119.68 lakh shares), which at the upper price band of ₹138 per share translates into an overall IPO issue size of ₹165.16 crore.
The dilutive effect of the fresh issue will reduce the promoter stake from 94.59% to 69.88% of the total shares outstanding post the IPO.
The IPO of Advit Jewels Ltd will be listed on the NSE and the BSE on the IPO mainboard. Anchor allocation happened on June 22, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Advit Jewels Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tuesday, 23 June, 2026 |
| IPO Close Date | Thursday, 25 June, 2026 |
| Basis of Allotment | Monday, 29 June, 2026 |
| Initiation of Refunds to non-allottees | Tuesday, 30 June, 2026 |
| Credit of Shares to Demat | Tuesday, 30 June, 2026 |
| Listing Date on NSE and BSE | Wednesday, 1 July, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 35,88,700 shares | 29.99% of total IPO size |
| QIB Shares Offered | 23,92,600 shares | 19.99% of total IPO size |
| NII (HNI) Shares Offered | 17,96,700 shares | 15.01% of total IPO size |
| Retail Shares Offered | 41,90,000 shares | 35.01% of total IPO size |
| Total Shares Offered | 1,19,68,000 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Advit Jewels Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹ 13,800 |
| Retail (Max) | 14 | 1,400 | ₹ 1,93,200 |
| S-HNI (Min) | 15 | 1,500 | ₹ 2,07,000 |
| S-HNI (Max) | 72 | 7,200 | ₹ 9,93,600 |
| B-HNI (Min) | 73 | 7,300 | ₹ 10,07,400 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 100 shares)
FINANCIAL HIGHLIGHTS OF ADVIT JEWELS LTD
The table captures the key financials of Advit Jewels Ltd for last 3 financial years. For FY26, the company has only filed data for the first 9 months.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 124.94 | 69.44 | 46.60 |
| Sales Growth (%) | 79.91% | 49.01% | |
| Profit after Tax (₹ in crore) | 25.37 | 14.71 | 10.39 |
| PAT Margins (%) | 20.30% | 21.18% | 22.29% |
| Total Equity (₹ in crore) | 58.13 | 32.80 | 18.08 |
| Total Assets (₹ in crore) | 140.85 | 67.21 | 29.01 |
| Return on Equity (%) | 43.64% | 44.84% | 57.47% |
| Return on Assets (%) | 18.01% | 21.89% | 35.81% |
| Asset Turnover Ratio (X) | 0.89 | 1.03 | 1.61 |
| Earnings per share (₹) | 7.92 | 4.60 | 3.25 |
| EBITDA (₹ in Crore) | 37.15 | 18.95 | 12.77 |
| EBITDA Margins (%) | 29.73% | 27.29% | 27.41% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
While revenue growth has been robust over the last 3 years, the EBITDA margins above 27% and the PAT margins above 20% have also been healthy. The company has also maintained robust ROE of more than 40% in the last 3 years.
VALUATION METRICS OF ADVIT JEWELS LTD IPO
At the IPO price of ₹138, and EPS of ₹7.92 for FY25, the P/E works out to about 17.4X. However, if we consider the annualized EPS of the first 9 months of FY26, then the P/E looks more reasonable at around 13.0X.
However, the jewellery business tends to be quite heterogeneous and hence P/E may not give the full picture. The company brings to the table key advantages like full stack manufacturing chain, range of designs, and solid risk management. The stock quote at a P/E at par with competition, so upsides may be limited unless there is a strong narrative.
2026-06-23 — Anchor allocation
ADVIT JEWELS LTD IPO (ANCHOR ALLOCATION 29.99%)
BRIEF ON ANCHOR ALLOCATION OF ADVIT JEWELS LTD
The anchor issue of Advit Jewels Ltd saw a strong response on 22nd June 2026 with 29.99% of the IPO size absorbed by anchors. Out of 1,19,68,000 shares (119.68 lakh shares) on offer in the IPO, anchors picked up 35,88,700 shares (35.89 lakh shares) accounting for 29.99% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹138 per share. This includes the face value of ₹10 per share plus a share premium of ₹128 per share. The anchor bidding opened and closed on 22nd June 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Advit Jewels Ltd
| Bid Date | June 22, 2026 |
|---|---|
| Shares Offered | 35,88,700 shares |
| Anchor Portion Size (₹ in crore) | ₹49.52 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Jul 28, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sep 26, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN ADVIT JEWELS LTD
On 22nd June 2026, Advit Jewels Ltd allotted 35,88,700 shares to a total of 4 anchor investors. The allocation was done at the upper IPO price band of ₹138 per share which resulted in overall anchor allocation of ₹49.53 crore. The anchors have already absorbed 29.99% of the total issue size of ₹165.16 crore. Listed below are the Top 4 IPO anchor investors who accounted for anchor collection of ₹49.53 crores, or, 100.00% of the overall anchor allocation of shares, one trading day ahead of the IPO of Advit Jewels Ltd. The individual anchor allocation of top-10 investors is captured in the table below.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Taurus Mutual Fund | 11,00,000 | 30.65% | ₹ 15.18 |
| 02 | Holani Venture Capital Fund | 9,63,700 | 26.85% | ₹ 13.30 |
| 03 | Mint Focused Growth Fund PCC – Cell 1 | 7,75,000 | 21.60% | ₹ 10.70 |
| 04 | Venus Investment VCC – Venus Stellar Fund | 7,50,000 | 20.90% | ₹ 10.35 |
| Grand Total | 35,88,700 | 100.00% | ₹ 49.53 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 35,88,700 shares allocated to the anchors in the IPO, there were a total of 11,00,000 shares allocated to mutual funds registered with SEBI. The allocation was made to 1 mutual fund AMC. Mutual funds accounted for 30.65% of the total anchor allocation of the IPO.
There was no allocation made to life insurance companies regulated by IRDAI. Apart from domestic mutual funds; the rest of the anchor allocation was made to AIFs.
NEXT STEPS IN ADVIT JEWELS LTD IPO
Post the closure of the IPO subscription on 25th June 2026, the basis of allotment will be finalized on 29th June 2026 and the refunds will be initiated on 30th June 2026. In addition, the demat credits are expected to also happen on 30th June 2026 and the stock will list on 1st July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th June 2026 under ISIN (INE1SJO01012).
2026-06-26 — Day-3 subscription update
Advit Jewels Ltd (Day-3 Final Subscription at 212.61 times)
ADVIT JEWELS LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.15 pm on 25th June 2026, out of the 83.79 lakh shares on offer in the IPO (excluding anchor portion), Advit Jewels Ltd saw bids for 17,815.52 lakh shares. This implies an overall subscription of 212.61X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Advit Jewels Ltd was as under:
| Employees (N.A.) | QIBs (174.98X) | HNI / NII (536.32X) | Retail (95.30X) |
|---|
The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. While the QIB portion saw heavy subscription on the last day, the HNI / NII portion also saw bulk of corporate and funded subscriptions come in on the last day of the IPO in a substantial manner. The company had seen steady anchor participation a day ahead of the IPO opening with 29.99% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 35,88,700 | 35,88,700 | 49.52 |
| Employee Quota | N.A. | 0 | 0 | 0.00 |
| QIB Investors | 174.98 | 23,92,600 | 41,86,47,500 | 5,777.34 |
| HNIs / NIIs | 536.32 | 17,96,700 | 96,36,11,700 | 13,297.84 |
| Retail Investors | 95.30 | 41,90,000 | 39,92,92,800 | 5,510.24 |
| Total | 212.61 | 83,79,300 | 1,78,15,52,000 | 24,585.42 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Advit Jewels Ltd was open up to June 25, 2026, and has closed for subscription as of the close of trading hours on June 25, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹24,635 crore.
NEXT STEPS IN THE ADVIT JEWELS LTD IPO
Post the closure of the IPO subscription on 25th June 2026, the basis of allotment will be finalized on 29th June 2026 and the refunds will be initiated on 30th June 2026. In addition, the demat credits are expected to also happen on 30th June 2026 and the stock will list on 1st July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th June 2026 under ISIN (INE1SJO01012).
2026-06-26 — Allotment guidance and next steps
Advit Jewels Ltd IPO (How to check allotment status)
ABOUT THE ADVIT JEWELS LTD IPO
The IPO of Advit Jewels Ltd opened for subscription on June 23rd, 2026 and closed on June 25th, 2026. The overall IPO comprised of a fresh issue of 1,19,68,000 shares (119.68 lakh shares) worth ₹165.16 crore at the upper band price of ₹138 per share. The allotment status will be finalized by end of day (EOD) of June 29th, 2025. Here is how to check your allotment status for the IPO of Advit Jewels Ltd. You can check IPO status on BSE or NSE or IPO Registrar (Bigshare Services Private Ltd) website.
CHECKING ALLOTMENT STATUS OF ADVIT JEWELS LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Advit Jewels Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip or
Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Advit Jewels Ltd allotted into your demat account. You can save a screenshot of the allotment status output for verifying with demat account credits.
CHECKING ALLOTMENT STATUS OF ADVIT JEWELS LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select ADVJ from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip and
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input both data points; the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Advit Jewels Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF ADVIT JEWELS LTD ON BIGSHARE SERVICES PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Bigshare Services Private Ltd registrar website for IPO status by clicking on the link below:
https://ipo.bigshareonline.com/IPO_Status.html
Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are server backups in case one server is experiencing too much traffic, you can select another server and try again. There will be no output difference, whichever server you select.
This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Advit Jewels Ltd from the dropdown box. Once the company is selected from the dropdown box, you have 3 methods to check allotment status for the IPO.
Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number, enter the captcha, and then click on the search button.
Secondly, you can search by Beneficiary ID of your demat account. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. Write it in once single string in the box. Then enter the captcha and press the search button.
Thirdly, you can search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, enter the captcha code and then, click on the Search Button.
The IPO status with number of shares of Advit Jewels Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference
In case, you have any issues with the output, register an investor query with Bigshare Services India Private Ltd. You can either send an email with all requisite details and problem to info@bigshareonline.com or you can call on (+91)-22-6263-8200 for voice call.
NEXT STEPS IN THE ADVIT JEWELS LTD IPO
Post the closure of the IPO subscription on 25th June 2026, the basis of allotment will be finalized on 29th June 2026 and the refunds will be initiated on 30th June 2026. In addition, the demat credits are expected to also happen on 30th June 2026 and the stock will list on 1st July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th June 2026 under ISIN (INE1SJO01012).
Interested in applying for this IPO?
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