Advit Jewels IPO: A Sparkling Opportunity with the “Rambhajo” Legacy
Advit Jewels Limited, a prominent name in the fine jewellery sector under the brand Rambhajo, is set to launch its Initial Public Offering (IPO) on June 23, 2026. This bookbuilding issue aims to raise approximately ₹165.16 crores through a fresh issue of equity shares. Since its incorporation in 2019, the company has blended traditional techniques with modern designs to offer unique jewellery across B2B and B2C segments.
Advit Jewels IPO: Key Timeline
For investors looking to participate, keeping track of these dates is essential for a smooth application and allotment process.
| Event | Date |
|---|---|
| Anchor Bidding Date | June 22, 2026 |
| IPO Open Date | June 23, 2026 |
| IPO Close Date | June 25, 2026 |
| Basis of Allotment | June 29, 2026 |
| Initiation of Refunds | June 30, 2026 |
| Credit of Shares to Demat | June 30, 2026 |
| IPO Listing Date | July 1, 2026 |
Financial Performance: Revenue and Profit Trends
The company has shown a robust growth trajectory over the past three years, nearly doubling its revenue between 2024 and 2025.
| Period Ended | Revenue (₹ in Crores) | Profit After Tax (PAT) (₹ in Crores) |
|---|---|---|
| FY 2023 | ₹46.60 | ₹10.39 |
| FY 2024 | ₹69.45 | ₹14.71 |
| FY 2025 | ₹124.94 | ₹25.37 |
| Dec 2025 (9 Months) | ₹123.80 | ₹25.44 |
IPO Details for Retail Investors
- Price Band: The issue is priced between ₹130 to ₹138 per share.
- Market Lot: The minimum application is for 100 shares, requiring an investment of ₹13,800.
- Maximum Retail Bid: Retail investors can apply for up to 14 lots (1,400 shares) for a total of ₹1,93,200.
- Reservation: The retail quota is set at 35%, while QIB and HNI portions are 50% and 15%, respectively.
Objects of the Issue
Advit Jewels plans to utilize the ₹165.16 crore proceeds to strengthen its financial foundation and fuel growth:
- Working Capital: ₹65.00 crores will be used for incremental working capital requirements.
- Debt Repayment: ₹65.00 crores is earmarked for the full or partial repayment of outstanding borrowings from scheduled commercial banks.