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Advit Jewels IPO to Raise Rs 165 Crore; Subscriptions Open June 23

By SivamAdvit Jewels IPO to Raise Rs 165 Crore; Subscriptions Open June 23

Advit Jewels is set to launch its initial public offering (IPO) on June 23, 2026, aiming to raise up to Rs 165 crore. Shares will list on BSE and NSE.

Advit Jewels Announces Rs 165 Crore IPO

Advit Jewels is poised to launch its initial public offering (IPO), a 100% book building issue aiming to raise up to Rs 165 crore. The subscription window for this significant market event will open on June 23, 2026.

Key IPO Details

  • The IPO comprises 1,19,68,000 shares, each with a face value of Rs 10.
  • The price band for the equity shares is fixed between Rs 130 and Rs 138.
  • The subscription period runs from June 23, 2026, to June 25, 2026.

Investor Allocation and Listing

The allocation strategy for the IPO ensures broad participation across investor categories:

  • Not more than 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), including 5% for mutual funds.
  • Not less than 15% will be available for non-institutional bidders.
  • The remaining 35% is designated for retail investors.

Following the listing, Advit Jewels’ shares will be traded on both the BSE and NSE, providing widespread market access.

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