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Advit Jewels IPO: Rs 165 Cr Issue Opens June 23

By SivamAdvit Jewels IPO: Rs 165 Cr Issue Opens June 23

Advit Jewels IPO opens June 23, aiming to raise Rs 165 crore with shares priced at Rs 130-138. Funds to boost working capital and repay debt.

Advit Jewels is set to launch its Initial Public Offering (IPO) on June 23, 2026, aiming to raise approximately Rs 165 crore. The public offering will close on June 25, 2026.

IPO Details at a Glance

  • The IPO has a fixed price band of Rs 130-138 per share.
  • The equity shares are proposed to be listed on both BSE and NSE.
  • Holani Consultants has been appointed as the book-running lead manager for the offering.

Fund Utilization Strategy

The proceeds from this fresh issue are primarily earmarked for critical business needs, ensuring strategic allocation of capital.

  • Rs 65 crore will be utilized to support the company’s working capital requirements.
  • An additional Rs 65 crore is designated for debt repayment.
  • The remaining funds will be allocated towards general corporate purposes.
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