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Advit Jewels Jumps 35% in Stellar Stock Market Entry
1 Jul
Summary
- Advit Jewels debuted on NSE at ₹188.90, 36.88% above issue price.
- IPO funds will support working capital and repay bank borrowings.
- The company supplies gold jewelry B2B and also serves B2C customers.
Advit Jewels experienced a stellar stock market debut on July 1, 2026. The company's shares listed on the National Stock Exchange (NSE) at ₹188.90, marking an impressive 36.88% increase from its initial public offering price of ₹138. On the Bombay Stock Exchange (BSE), Advit Jewels opened at ₹187, also showing a substantial gain of 35.51%.
The substantial listing premium exceeded market expectations, which were influenced by a healthy grey market premium. Advit Jewels has allocated significant portions of its IPO proceeds to strengthen its financial foundation. Specifically, ₹65 crore will address incremental working capital needs, while another ₹65 crore is designated for the repayment of certain bank borrowings.
Further funds from the IPO will be utilized for general corporate purposes. The company's product range includes necklaces, earrings, rings, and bangles, crafted in 14K and 18K gold and often embellished with diamonds and gemstones. Advit Jewels primarily functions on a business-to-business model, supplying its products to dealers and retailers nationwide, while also engaging directly with consumers for bespoke jewelry orders.
