Home / Business and Economy / Advit Jewels IPO Soars: 25.55x Oversubscribed!
Advit Jewels IPO Soars: 25.55x Oversubscribed!
25 Jun
Summary
- The IPO saw a massive 25.55 times subscription on its second day.
- Grey market premium indicates strong potential listing gains for investors.
- Anand Rathi recommends a 'Subscribe for Long Term' rating.
The Advit Jewels IPO, a Rs 165.16 crore offering, has experienced exceptional investor demand, reaching a 25.55 times subscription rate by midday on its second day, June 24, 2026. Bids for over 21.40 crore shares were received against the 83.79 lakh shares available.
The non-institutional investor (NII) segment has been particularly strong, with a 62.97 times subscription, while the retail category saw a 23.43 times subscription. The qualified institutional buyer (QIB) quota showed a more modest 1.16 times subscription. The IPO bidding closes tomorrow, June 25, 2026.
Trading at a Rs 193 grey market premium, Advit Jewels shares suggest potential listing gains of nearly 40% over the upper price band of Rs 138. Anand Rathi recommends subscribing for the long term, highlighting the company's focus on premium handcrafted jewelry under the Rambhajo's brand.
Anand Rathi acknowledges the IPO appears aggressively priced but supports its long-term potential due to strong growth prospects and a scalable business model. The issue is valued at a 25.1x P/E for FY25 earnings. The IPO proceeds will be used for debt repayment, working capital, and general corporate purposes.
