Advit Jewels Share Price Rallies 37% on Listing Day, July 1, 2026

Advit Jewels, the Jaipur-based jewellery manufacturer behind the Rambhajo brand, made a strong debut on the stock exchanges on 1 July 2026 after the company successfully raised ₹165.16 crore through its initial public offering (IPO). 

The stock was listed at ₹188.90 per share on the NSE, a premium of ₹50.90, or 36.88%, over its IPO issue price of ₹138. On the BSE, the shares opened at ₹187, representing a 35.51% premium. 

Advit Jewels IPO Details 

The IPO consisted entirely of a fresh issue of 1.20 crore equity shares, with no offer-for-sale (OFS) component. The issue was priced between ₹130 and ₹138 per share and remained open for subscription from 23 June to 25 June 2026. Investors had to apply for a minimum lot of 100 shares. 

The IPO received an overwhelming response and was subscribed 212.63 times overall. The Non-Institutional Investor (NII) category saw the highest demand with 536.38 times subscription. The Qualified Institutional Buyer (QIB) portion was subscribed 174.98 times, while the Retail Individual Investor (RII) segment was subscribed 95.30 times. 

Holani Consultants acted as the sole book-running lead manager, while Bigshare Services was the registrar to the issue. 

Use of IPO Proceeds 

The company plans to use the funds raised through the IPO to meet its additional working capital requirements, repay or prepay certain outstanding borrowings from scheduled commercial banks, and support general corporate purposes. 

Read more: Gold Falls Over 12% in June 2026, Set for Biggest Monthly Decline Since October 2008! 

About Advit Jewels 

Founded in 2019 and headquartered in Jaipur, Advit Jewels continues the legacy of the Rambhajo brand. The company specialises in handcrafted jewellery, including Kundan, Polki, diamond and coloured stone jewellery. 

Advit Jewels operates a modern in-house manufacturing facility in Jaipur with skilled artisans. Its business mainly focuses on the business-to-business (B2B) segment, while it also serves customers directly through made-to-order jewellery. The company also plans to open a flagship retail store. 

Conclusion 

Advit Jewels delivered a strong stock market debut by listing at nearly a 37% premium to its IPO price.  

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