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. The Company’s IPO will open for subscription on Tuesday, June 23, 2026, and close on Thursday, June 25, 2026. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
- Issue Opens: June 23, 2026
- Issue Closes: June 25, 2026
- Face Value: Rs 10
- Price Band: Rs 130 – 138 per share
- Minimum Bid Lot: 100 Equity Shares
The IPO is a fresh issue of 1,19,68,000 equity shares. The proceeds from its fresh issue, worth Rs 65 crore, will be used for funding incremental working capital requirements of the company, for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed, and for general corporate purposes.
Advit Jewels is in the heart of India’s gemstone and jewelry hub, Jaipur, Rajasthan, and it is a manufacturer and seller of traditional and contemporary handcrafted fine jewelry, specializing in Kundan, Polki, diamond and studded pieces. Its brand name is Rambhajo. With its expertise in craftsmanship and a keen understanding of changing customer tastes, the company blends traditional methods with contemporary designs to create jewelry that feels both timeless and relevant. From bridal collections to everyday luxury pieces, its offerings cater to a diverse clientele across Indian markets.
With a commitment to quality, authenticity and customer satisfaction, the company ensures that each piece it creates reflects meticulous craftsmanship, carefully sourced materials and a deep understanding of heritage artistry. The company’s offerings include necklaces, earrings, rings, bangles and customized jewelry pieces. It primarily works with gold, diamonds, and colored stones and is known for its Kundan and Polki work.
Its manufacturing unit is located in Jaipur, with a built-up area of 6,450 sq ft, and is operated on leased premises fully maintained by the company. The company’s facility follows strict safety standards and is fully equipped with modern machines such as 3D printers, casting units and polishing machines. The company’s setup is designed to handle the entire production cycle under one roof, from raw gold processing to final product finishing.
The company’s entire jewelry manufacturing process, from melting and sheet and chain making to stone setting, polishing, and quality inspection, is conducted in-house. A significant part of its workforce comprises skilled artisans, and each piece goes through multiple levels of inspection. Its revenue from operations for the 9-month period ended 31 December 2025 was Rs 1,237.9 crore, and its net profit was Rs 254.4 crore.
