Advit Jewels IPO Sees Strong Final-Day Interest as GMP Points to Listing Excitement

Advit Jewels IPO remained in focus on its final day of bidding as strong investor demand and a healthy grey market premium kept market watchers interested in the Jaipur-based handcrafted jewellery company’s public issue. The IPO, which opened on June 23 and closed on June 25, 2026, came with a price band of ₹130 to ₹138 per share and a minimum lot size of 100 shares, making the minimum retail investment ₹13,800 at the upper price band. The company is raising around ₹165.16 crore through a completely fresh issue, meaning the funds will go to the company rather than existing shareholders through an offer-for-sale. According to reported IPO details, Advit Jewels plans to use a significant part of the proceeds for working capital needs and debt repayment, a move that could support business expansion and strengthen its balance sheet. Market sentiment around the issue appeared positive, with the grey market premium indicating possible listing gains of around 38% on the final bidding day, although investors should remember that GMP is unofficial, changes frequently and does not guarantee actual listing performance. The company has attracted attention because of its focus on handcrafted and heritage-style jewellery, including Kundan, Polki, diamond and studded jewellery, a segment that continues to benefit from India’s strong wedding, festive and luxury consumption demand. The IPO’s expected allotment date is June 29, while shares are likely to list on both BSE and NSE on July 1, 2026. While the strong subscription trend and grey market activity have created excitement, investors may still need to evaluate the company’s financial performance, valuation, debt position, growth plans and risks before making any decision. For now, Advit Jewels has emerged as one of the closely watched IPOs of the week, with the final-day response showing that jewellery-sector listings continue to attract attention from both retail and market participants.