Advit Jewels Limited IPO Receives Massive Response, Subscription Crosses 44 Times on Day 2
Non-Institutional Investors Portion Subscribed 121 Times on Day 2
Mumbai, June 24, 2026: The Initial Public Offering of Advit Jewels Limited was subscribed 44.16 times on the second day of bidding, demonstrating strong demand from qualified institutional buyers (QIB), retail and non-institutional investors for this IPO.
The issue received bids of 36,99,90,300 equity shares against the offered 83,79,300 equity shares, according to data available on the stock exchanges.
Non-institutional Portion and Retail portion were subscribed 121.16 and 35.46 times, respectively. Qualified Institutional Buyers was subscribed 1.56 times.
The issue kicked off for subscription on Tuesday, June 23, 2026, and will close for subscription on Thursday, June 25, 2026.
Leading brokerage firms like Anand Rathi, Marwadi Financial Services, SBI Securities and SMIFS Limited have given their “Subscribe” recommendation to Advit Jewels Limited, which is a Jaipur-based manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, diamond and studded pieces.
SBI Securities highlights the company’s product collection includes antique, bridal, traditional, contemporary, and fusion styles, spanning various price ranges, occasions, and age groups.
On the valuation front, the IPO at the upper price band is valued at an annualized 9MFY26 P/E multiple of 18.6 times. Although, this multiple is higher than its peers, it is in line when adjusted for higher growth across revenue and profitability. It recommends a Subscribe to the issue.
IPO Details
Advit Jewels Limited has fixed the price band of Rs 130/- to Rs 138/- per Equity Share of face value Rs 10/- each for its maiden initial public offer.
Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
The table below shows subscription data for all the categories of investors:
Advit Jewels Limited | ||||
Last updated on | ||||
24 Jun 2026 | 05:00:00 PM | ||||
Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
1 | Qualified Institutional Buyers (QIBs) | 23,92,600 | 37,28,400 | 1.56 |
1(a) | Foreign Institutional Investors (FIIs) | - | 3,00,200 | - |
1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 1,13,500 | - |
1(c) | Mutual Funds | - | - | - |
1(D) | Others | - | 33,14,700 | - |
2 | Non Institutional Investors(NIIS) | 17,96,700 | 21,76,92,000 | 121.16 |
2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 11,97,800 | 12,21,41,500 | 101.97 |
2.1(a) | Corporates | - | 12,50,600 | - |
2.1(b) | Individuals (Other than RIIs) | - | 11,65,75,100 | - |
2.1(c) | Others | - | 43,15,800 | - |
2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) | 5,98,900 | 9,55,50,500 | 159.54 |
2.2(a) | Corporates | - | 1,03,700 | - |
2.2(b) | Individuals (Other than RIIs) | - | 9,32,55,700 | - |
2.2(c) | Others | - | 21,91,100 | - |
3 | Retail Individual Investors (RIIs) | 41,90,000 | 14,85,69,900 | 35.46 |
3(a) | Cut Off | - | 12,58,26,500 | - |
3(b) | Price Bids | - | 2,27,43,400 | - |
4 | Employee Reserved | - | - | - |
4(a) | Employee (Cut off) | - | - | - |
4(b) | Employee (Price) | - | - | - |
5 | Reservation PortionShareholder | - | - | - |
5(a) | RPS (Cut off) | - | - | - |
5(b) | RPS (Price) | - | - | - |
Total | 83,79,300 | 36,99,90,300 | 44.16 | |
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