Advit Jewels IPO Details
Advit Jewels IPO Summary
Advit Jewels IPO opens for subscription on 23 Jun 2026 and closes on 25 Jun 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 01 Jul 2026.
Advit Jewels IPO price band has been fixed at ₹130 – ₹138 per share. The face value is ₹10 per share with a lot size of 100.
Advit Jewels IPO total issue size comprises 1,19,68,000 shares (aggregating up to ₹165.16 Cr). This includes a fresh issue of 1,19,68,000 shares (aggregating up to ₹165.16 Cr). Pre-issue shareholding stands at 3,38,42,000, which will increase to 4,58,10,000 post-issue.
Advit Jewels IPO carries a ₹55 (39.86%) GMP, reflecting investor sentiment.
Advit Jewels IPO Lot Size :Retail Minimum is 1 lot (100 shares) amounting to ₹13,800. Retail Maximum is 14 lots (1,400 shares) amounting to ₹193,200. SHNI Minimum is 15 lots (1,500 shares) amounting to ₹207,000. SHNI Maximum is 72 lots (7,200 shares) amounting to ₹993,600. BHNI Minimum is 73 lots (7,300 shares) amounting to ₹1,007,400.
Advit Jewels IPO Details
Advit Jewels IPO Dates
- 23 Jun 2026Opening dateOpen
- 25 Jun 2026Closing dateClose
- 29 Jun 2026Allotment Date Allotment
- 30 Jun 2026Initiation of RefundsRefund
- 30 Jun 2026Credit of SharesCredit
- 01 Jul 2026Listing dateListing
Advit Jewels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 100 | ₹13,800 |
| Retail Maximum | 14 | 1400 | ₹193,200 |
| SHNI Minimum | 15 | 1500 | ₹207,000 |
| SHNI Maximum | 72 | 7200 | ₹993,600 |
| BHNI Minimum | 73 | 7300 | ₹1,007,400 |
Advit Jewels IPO Reservation
Promoter Holding
Documents
Advit Jewels IPO Valuations
Advit Jewels Financial Information
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.20 | 140.85 | 67.21 | 29.01 |
| Total Income | 123.80 | 124.94 | 69.45 | 46.60 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| EBITDA | 36.68 | 37.15 | 18.95 | 12.77 |
| NET Worth | 83.65 | 58.13 | 32.80 | 18.08 |
| Reserves and Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowing | 64.92 | 74.80 | 19.70 | 5.84 |
| Amount in ₹ Crore | ||||
About Advit Jewels IPO
Incorporated in 2019, Advit Jewels is a Jaipur-based jewellery company, specializing in handcrafted fine jewellery, with expertise in Kundan, Polki, Diamond and Studded pieces under the brand name "Rambhajo". It blend traditional techniques with modern designs to create unique pieces that are both timeless and contemporary.
Its product portfolio includes necklaces, earrings, rings, bangles and customized jewellery, crafted in 14K and 18K gold with diamonds and coloured stones.
The company primarily works on a B2B model, supplying dealers, showrooms and retailers, but also serve B2C customers for exclusive, made-to-order jewellery. Its jewellery is 100% handmade by skilled artisans trained over generations, ensuring every piece is a masterpiece. In FY 2025, it derived 81.63% of revenue from B2B segment and 18.37% is derived from B2C segment.
Manufacturing facility: It has a manufacturing unit in Jaipur (6,450 sq. ft.) is equipped with modern machines like 3D printers and casting units, allowing to handle the complete process in-house – from gold melting to polishing and quality checks. This ensures efficiency, security, and strict quality control. Customized or high-value orders are typically completed within 25–30 days.
The company maintains strong quality standards with a dedicated QC team that checks every detail including design, purity, finish, and dimensions before dispatch.
It has a PAN India presence with revenue generated from various states including Maharashtra, Haryana, Gujarat, Delhi, Punjab, Rajasthan, West Bengal, Uttar Pradesh, and Telangana.
As of April 30, 2026, the company has a total employee base of 111 persons.
Strength Of Advit Jewels IPO
- Organized Manufacturing Under One Roof.
- Design and Innovation: Diversified Product Offering Across Customer Segments.
- Robust Operational Systems and Risk Mitigation Framework.
- Experienced Leadership with Proven Execution Capability.
- Unwavering Commitment to Quality.
Risk Of Advit Jewels IPO
- Prices of products manufactured by us are highly dependent on the prices of gold, diamond polki and precious & semi- precious stones and cost of these raw materials comprises 99.85%, 99.66%, 99.95%, 99.76% of total cost of material consumed in production of product for the period ended on December 31, 2025 and for the fiscal years ended on March 31, 2025, 2024 and 2023 respectively. Any non-availability or significant increase in the cost of gold, diamond polki, and other precious or semi-precious stones and absence of long-term contracts with our suppliers could adversely affect our business, results of operations, financial condition and prospects.
- Our inventory holding increased significantly from Rs. 1,041.67 Lakhs in Fiscal 2023 to Rs. 4,491.67 Lakhs in Fiscal 2024 and further to Rs. 10,723.91 Lakhs in Fiscal 2025. Further, inventory constituted 36.38%, 68.99%, 85.07% and 68.68% of our total current assets as of March 31, 2023, 2024 and 2025 and December 31, 2025, respectively. Inventory also represented 22.35%, 64.68%, 85.83% and 79.99% of our revenue from operations for Fiscal 2023, 2024 and 2025 and the period ended December 31, 2025, respectively, while our inventory holding days were 91 days, 158 days, 199 days and 154 days for the corresponding periods. The high level of inventory maintained by us exposes us to risks associated with inventory management, demand forecasting, valuation, carrying costs and supply chain disruptions, which may adversely affect our working capital requirements, liquidity, profitability and overall financial condition.
- Our business is significantly dependent on Jaipur City as our entire manufacturing operations are based thereon along with 18.18%, 73.09%, 77.32% and 80.56% of our total raw material purchases for the period ended on December 31, 2025 and for the Fiscal years ended on March 31, 2025, 2024 and 2023 are sourced from suppliers who are based in Jaipur City. This dependence exposes us to regional risk or a location risk. Any disruption, slowdown, or shutdown in Jaipur City or surroundings areas will affect our manufacturing operations and/or our principal raw materials supplies which could adversely affect our business, results of operations, financial condition and cash flows.
- Our Company has recently acquired a registered trademark for brand name `Rambhajo' from our Promoter Group member by way of assignment, for which approval of form TM - P to record the said assignment is pending. Our Company has also made application for registration of brand name `Advit' which is pending. Any inability to protect our brand, business processes or proprietary information may adversely affect our business, financial condition and results of operations.
- Our Company has low average employee base of 45 people in FY 25, 19 in FY 24 and 15 in FY 23 and significant number of employees leave the company every year. The percentage of attrition ratio reached nearly 50% in FY25 and our company weighted average attrition rate for the last three FYs is 38.95% which is way higher than the industry attrition rate, which may adversely impact our business operations, continuity and financial performance.
- We rely on limited number of suppliers and procure 88.27%, 76.55%, 73.15% and 82.93% of our Raw Materials for the period ended on December 31, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023 respectively from our Top 5 suppliers and 93.55%, 86.96%, 79.98% and 88.36% of our Raw Material from our top 10 suppliers for the period ended on December 31, 2025 and the Fiscal Years ended on March 31, 2025, 2024 and 2023 respectively. Any delay or disruption in supply from these suppliers or any failure of us to maintain good business relations and continued arrangements with such suppliers may adversely affect our results of operations and financial condition.
- Our business is subject to seasonal fluctuations and any decline in sales during peak seasons may disproportionately impact our results of operations.
- Our Company proposes to repay in full or in partial payment of sanctioned working capital facilities of Rs. 4,075 lakhs from HDFC Bank Ltd Rs. 3,000 lakhs from ICICI Bank Ltd from the issue proceeds. The working capital facilities from HDFC Bank Ltd were sanctioned in FY23 but were availed only for limited period in FY24 and fully availed in FY25 only whereas ICICI Bank Ltd working capital facilities were sanctioned and availed in FY25. Our intention to utilize a portion of the Issue Proceeds for repayment of recently availed working capital facilities may not yield the anticipated benefits and may expose us to refinancing and liquidity risks.
- Our inventory holding days were 199 days, 158 days and 91 days in Fiscal 2025, 2024 and 2023 representing 118% increase from Fiscal 2023 to Fiscal 2025. Also, the trade payable days were 39 days in FY 24 which significantly reduced to 7 days in FY 25. The sharp increase in inventory levels coupled with a reduction in supplier credit exposes our Company to risks of liquidity constraints, increased financing costs, and potential inventory obsolescence or valuation losses.
- We have had negative cash flows from operating activities and investing activities in the past. Sustained negative cash flow could adversely impact our business, financial condition and growth.
Objectives Advit Jewels IPO
1. Funding incremental working capital requirements of our Company
2. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks
3. General corporate purposes
Company Contact Details
Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg C-Scheme,
Jaipur, Rajasthan , 302001
Phone: +91 9216035990
Email: cs@advitjewels.com
Website: https://rambhajo.com/
Registrar Contact Details
Advit Jewels FAQs
The Advit Jewels IPO is a MAINBOARD public issue comprising 11968000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹165.16 Cr. The issue price has been fixed at ₹138 per equity share, and the minimum application size is 100 shares.
The IPO opens for subscription on 23 Jun 2026, and closes on 25 Jun 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹55 (39.86%).
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