Advit Jewels Ltd. makes a strong start to trading after its initial public offering. The company’s IPO, reported at about ₹165.16 crore, is entirely a fresh issue and carries a share price band of ₹130–₹138. It opens for subscription from June 23 to June 25 and includes a book-build structure. Sources report that the IPO is highly subscribed, with figures such as 212.63 times on the final day and over 6.5x on Day 1 so far.
On listing, Advit Jewels shares open at ₹188.90 on the NSE, reflecting an increase of about ₹50.90 per share over the issue price of ₹138. Multiple outlets place the premium at roughly 37% at the time of debut. After the initial pop, at least one outlet notes that gains trim as the stock moves in early trading, with shares later down around 5% from the strong listing levels.
Analysts cited by one outlet describe generally positive views on the company’s growth and improving financial performance, while also noting risks tied to factors such as commodity prices and business concentration. Other reports focus on subscription volumes and IPO terms.
