Advit Jewels IPO - Company Analysis
Advit Jewels IPO under the Mainboard IPO category is a bookbuild issue of Rs. 165.16 Cr by Advit Jewels Limited, and specialises in handcrafted fine jewellery under the "Rambhajo" brand, with a focus on Kundan, Polki, Diamond, and Studded designs. It creates distinctive pieces that are both timeless and modern by fusing traditional methods with cutting-edge ideas.
Necklaces, earrings, rings, bangles, and personalised jewellery made of 14K and 18K gold with diamonds and colored stones are among its product offerings.
In addition to serving B2C clients for unique, custom-made jewellery, the company mainly operates on a business-to-business (B2B) model, supplying dealers, showrooms, and retailers. Every item of jewellery is a work of art since it is entirely created by talented artisans who have been taught for centuries. It received 81.63% of its revenue from the B2B segment and 18.37% from the B2C segment in FY 2025.
Advit Jewels IPO Details
The Advit Jewels IPO date of opening is 23 Jun 2026, its initial public offering will end on 25 Jun, IPO allotment on Jun 29 and refund initiation on Jun 30, 2026.
The Rs. 165.16 crore new Mainboard IPO comprises a wholly fresh issue of 1.20 crore shares.
The Advit Jewels IPO listing date (expected) might be on Wednesday, Jul 01, 2026, and listing at the BSE and NSE.
The Advit Jewels IPO price band is Rs. 130 to Rs. 138.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 23, 2026 |
|
IPO Closing Date |
Jun 25, 2026 |
|
IPO Allotment Date |
Jun 29, 2026 |
|
Refund Initiation |
Jun 30, 2026 |
|
IPO Listing Date |
Jul 01, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
140.85 |
67.21 |
29.01 |
|
Total Income |
124.94 |
69.45 |
46.60 |
|
Profit After Tax |
25.37 |
14.71 |
10.39 |
|
EBITDA |
37.15 |
18.95 |
12.77 |
|
NET Worth |
58.13 |
32.80 |
18.08 |
|
Reserves |
58.12 |
32.79 |
18.07 |
|
Total Borrowing |
74.80 |
19.70 |
5.84 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(3,697.69) |
(1,049.33) |
(277.25) |
|
Net Cash Flow Investing Activities |
(1,326.38) |
(202.26) |
(6.96) |
|
Net Cash Flow Financing Activities |
4,902.12 |
1,379.32 |
528.24 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
- Funding the incremental working capital requirements of our Company. ~ Rs. 65 Cr.
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by its Company from scheduled commercial banks. ~ Rs. 65 Cr.
- General corporate purposes.
Listed Peers of Advit Jewels Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Bluestone Jewellery and Lifestyle Limited |
1 |
(78.86) |
NA |
|
RBZ Jewellers Limited |
10 |
9.70 |
12.86 |
|
Radhika Jeweltech Limited |
2 |
5.09 |
11.10 |
Valuation
|
KPI |
Value |
|
ROE |
55.79% |
|
ROCE |
27.48% |
|
Debt/Equity |
1.29 |
|
RoNW |
43.64% |
|
PAT Margin |
20.30% |
|
EBITDA Margin |
29.73% |
|
Price to Book Value |
7.60 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 7.92 from the last year, the resulting P/E ratio is 17.42x.
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IPO's Strengths
- Organised manufacturing under one roof
- Diversified product offering across customer segments
- Robust operational systems and risk mitigation framework
- Experienced leadership with proven execution capability.
IPO's Weaknesses
- Environmental Compliance Risk
- Quality Control Risk
- Single Location Dependency.
Advit Jewels IPO GMP (Grey Market Premium)
Advit Jewels IPO GMP today is Rs. 86 as of 15 June 2026, while writing this information.
Advit Jewels IPO Summary
|
IPO Opening & Closing Date |
23 Jun, 2026 to 25 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 130 to Rs. 138 per Share. |
|
Lot Size |
100 Shares |
|
Issue Size |
1,19,68,000 Shares (Rs. 165 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
1,19,68,000 Shares (Rs. 165 Cr) |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
14 Lots |
|
HNI (Min) |
15 Lots |
Advit Jewels IPO Allotment Status
To check the Advit Jewels IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Advit Jewels Ltd.
- Mr. Nitin Gilara
- Mr. Prateek Gilara
- Mr. Vipul Gilara
- Mr. Krishna Vardhan Gilara.
|
Pre-Issue Promoter Shareholding |
94.59% |
|
Post-Issue Promoter Shareholding |
69.88% |
IPO Lead Managers
- Holani Consultants Pvt. Ltd.
Dividend Policy
The company has not paid a Dividend during the last three financial years.
Conclusion
Advit Jewels IPO offers investors exposure to a handcrafted fine jewellery business with strong revenue growth and healthy profitability. The company’s focus on B2B sales, diversified product range, and experienced promoters support its long-term growth potential.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is only for educational purposes. Always discuss with your SEBI-registered financial advisor for investment-related decisions.
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