- Issue price
- ₹138per share
- Issue size
- ₹165.16 Cr1,19,68,000 shares
- Face value
- ₹10per equity share
- Lot size
- 100 sharesMin. ₹13,800 at the upper price
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,19,68,000 shares (₹165.16 Cr)
- Offer for sale
- None
- Total issue
- 1,19,68,000 shares (₹165.16 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.5%
- NII18.8%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 41,90,000 | 43.76% | 35% |
| Non-institutional investors (NII) | 17,96,700 | 18.76% | 15% |
| Qualified institutional buyers (QIB) | 59,81,300 | 62.47% | 50% |
| Anchor investors | 35,88,700 | 37.48% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹138 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 100 | ₹13,800 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹7.92
- EPS (diluted)
- ₹7.92
- P/E (FY 2024-25 at cap price)
- 17.42×
- RoNW
- 43.64%
- NAV per share
- ₹18.16
- ROCE
- 27.48%
- EBITDA margin
- 29.73%
- PAT margin
- 20.30%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Dec 20259 months | 31 Mar 202512 months | 31 Mar 202412 months | 31 Mar 202312 months |
|---|---|---|---|---|
| Revenue from operations | 123.79 | 124.94 | 69.44 | 46.60 |
| Total income | 123.80 | 124.94 | 69.45 | 46.60 |
| EBITDA | 36.68 | 37.15 | 18.95 | 12.77 |
| Profit after tax | 25.44 | 25.37 | 14.71 | 10.39 |
| Net worth | 83.65 | 58.13 | 32.80 | 18.08 |
| Reserves and surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total assets | 164.20 | 140.85 | 67.21 | 29.01 |
12 months vs 12 months: revenue +79.9%, profit after tax +72.4%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company manufactures handcrafted fine jewellery in Jaipur, specialising in Kundan, Polki, diamond and studded pieces. It sells mainly to B2B buyers such as retail jewellers and showrooms, with a smaller B2C segment for made-to-order pieces. Its brand 'Rambhajo' traces its roots to a jewellery business started in 1921.
- Incorporated
- 2019
- Industry
- Jewellery Manufacturing
- CIN
- U36910RJ2019PLC066804
- Website
- rambhajo.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Vipul Gilara | Promoter | 46.53% | — |
| Nitin Gilara | Promoter | 23.55% | — |
| Prateek Gilara | Promoter | 23.55% | — |
| Krishna Vardhan Gilara | Promoter | 0.66% | — |
| Public (pre-IPO placement allottees) | Public | 5.41% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding incremental working capital requirements | 65.00 |
| Repayment or prepayment of certain outstanding bank borrowings | 65.00 |
| General corporate purposes | 14.21 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Advit Jewels LimitedIssuer | ₹7.92 | 17.42× | 43.64% | ₹18.16 |
| Bluestone Jewellery and Lifestyle Limited | -₹78.86 | — | -24.00% | ₹363.96 |
| RBZ Jewellers Limited | ₹9.7 | 12.86× | 15.83% | ₹61.26 |
| Radhika Jeweltech Limited | ₹5.09 | 11.10× | 18.63% | ₹27.34 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Manufactures jewellery in-house under one roof in Jaipur, from raw gold processing to finishing.
- Brand heritage traced to a jewellery business started in 1921.
- Wide range of designs across Kundan, Polki and studded styles, with customisation for clients.
- Established B2B network of retail jewellers, supported by trade-show participation.
- Revenue grew from ₹ 4,660.41 lakhs in FY 2022-23 to ₹ 12,493.73 lakhs in FY 2024-25.
Risks
- Product costs depend heavily on gold and gemstone prices, which make up most of the material cost.
- Inventory is high relative to revenue and current assets, which ties up working capital.
- Large short-term borrowings from banks increase financing dependence.
- Top 10 customers account for about 56% of sales in the period ended December 31, 2025.
- Promoter Krishna Vardhan Gilara has limited experience in the business.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹138) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Advit Jewels IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 23 June 2026 and closes on Thursday, 25 June 2026.
What is the Advit Jewels IPO price band?
The final issue price is ₹138 per share.
What is the lot size of the Advit Jewels IPO?
One lot is 100 shares, which is ₹13,800 at ₹138 per share.
Where will Advit Jewels shares list?
On NSE and BSE. The tentative listing date is Wednesday, 1 July 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Advit Jewels IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹65 Cr for funding incremental working capital requirements, ₹65 Cr for repayment or prepayment of certain outstanding bank borrowings, ₹14.21 Cr for general corporate purposes.
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