Advit Jewels IPO: Price Band, Lot Size, Timeline, and Details

Advit Jewels Limited launched its initial public offering (IPO) for subscription on Tuesday, June 23, 2026. The Advit Jewels IPO is a book-built public issue by a Jaipur-based jewellery company that operates mainly in the business-to-business jewellery segment.

For equity investors tracking live IPOs, the key details to note are the bidding window, price band, lot size, issue structure, proposed listing exchanges, and the company’s stated use of proceeds.

Advit Jewels IPO details and timeline

Advit Jewels IPO opened for public subscription on Tuesday, June 23, 2026, and is scheduled to close on Thursday, June 25, 2026. The anchor investor bid period was Monday, June 22, 2026.

Advit Jewels IPO comprises up to 1,19,68,000 equity shares of face value ₹10 each. The issue size was reduced from the earlier draft size of up to 1,38,00,000 equity shares after a Pre-IPO Placement of 18,32,000 equity shares at ₹125 per share, aggregating to ₹2,290 lakhs.

About Advit Jewels Limited

Advit Jewels Limited was incorporated as Advit Jewels Private Limited on October 29, 2019, in Jaipur, Rajasthan. It converted into a public limited company on April 30, 2025.

The company operates in the B2B jewellery market, supplying to national retailers, regional retailers, and local family jewellers. Its product focus includes handcrafted and custom occasion-wear jewellery, including Kundan Polki jewellery, gold, diamonds, and assorted precious and semi-precious stones.

Advit Jewels has also acquired the registered trademark for the brand name “Rambhajo”. The promoters of the company are Mr. Nitin Gilara, Mr. Prateek Gilara, Mr. Vipul Gilara, and Mr. Krishna Vardhan Gilara. Its registered and corporate office is in Jaipur, Rajasthan.

Financial snapshot

The company’s recent financials show a rise in revenue from operations over the last reported periods, along with a high level of inventory relative to current assets. 

Objects of the issue

Advit Jewels intends to use the net proceeds from the fresh issue mainly for funding working capital requirements. This includes supporting inventory needs across gold, diamond polki, precious stones, and related materials for B2B retail clients.

The company also intends to use part of the proceeds for general corporate purposes and meeting issue-related expenses. The proceeds from the Pre-IPO Placement have been designated for general corporate purposes.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.