New Delhi, Jun 15 (PTI) Advit Jewels on Monday fixed a price band of Rs 130-138 per share for its upcoming Rs 165-crore initial public offering (IPO).
The company’s maiden public offering will open on June 23 and conclude on June 25.
The public offering is entirely a fresh issue of 1.19 crore shares, valued at Rs 165.15 crore at the higher-end of the price band, the Jaipur-based company announced.
Proceeds from the fresh issue to the tune of Rs 65 crore will be utilised by the company to support its working capital requirements, another Rs 65 crore will be used for payment of debt and the balance for general corporate purposes.
Founded in 2019, the company manufactures and sells traditional and contemporary handcrafted fine jewellery, specialising
in Kundan, Polki, diamond and studded pieces under the brand name “Rambhajo.” On the financial front, Advit Jewels’ revenue from operations for the nine-month period ended December 31, 2025, stood at Rs 1,238 crore, with a net profit of Rs 254.4 crore.
Half of the issue size is reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Holani Consultants is the sole book-running lead manager for the IPO. The company will debut on the BSE and NSE. PTI SP DRR
