Advit Jewels is launching its Initial Public Offering (IPO) through a book-built issue worth ₹165.16 crore. The entire issue consists of a fresh issue of 1.20 crore equity shares, with no offer-for-sale component.
The IPO will open for subscription on June 23, 2026, and close on June 25, 2026. The basis of allotment is expected to be finalised on June 29, 2026, while the company’s shares are likely to be listed on the NSE and BSE on July 1, 2026.
The price band for the IPO has been fixed at ₹130 to ₹138 per share. Investors can apply for a minimum lot of 100 shares. At the upper price band, retail investors need to invest at least ₹13,800 for one lot. The maximum investment allowed for retail investors is 14 lots, equivalent to 1,400 shares, requiring an investment of ₹1,93,200.
For non-institutional investors (NIIs), the minimum application size is 15 lots (1,500 shares), amounting to ₹2.07 lakh. Holani Consultants Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. serves as the registrar to the issue.
Company Overview
Advit Jewels Limited is a Jaipur-based jewellery manufacturer specialising in handcrafted fine jewellery, with a strong focus on Kundan, Polki, diamond, and gemstone-studded designs. The company traces its heritage to the renowned “Rambhajo” brand, whose origins date back to 1921, giving it a legacy of over a century in the jewellery industry.
Combining traditional craftsmanship with contemporary aesthetics, Advit Jewels creates a diverse range of products, including necklaces, earrings, rings, bangles, and customized jewellery. Its designs are crafted in 14-carat and 18-carat gold and cater to evolving customer preferences while preserving the artistry of Indian jewellery-making.
The company primarily serves dealers, retailers, and jewellery showrooms through a B2B business model, while also offering bespoke pieces to individual customers. Its integrated manufacturing facility in Jaipur is equipped with modern production technology and supports end-to-end jewellery manufacturing. Backed by skilled artisans and a strong emphasis on quality control, Advit Jewels focuses on delivering distinctive designs and superior craftsmanship.
Industry Context
- India’s gems and jewellery industry is a major contributor to the economy, accounting for nearly 7% of GDP and supporting millions of jobs. Strong domestic demand, export potential, and government support continue to drive long-term sector growth.
- India is a global leader in diamond processing and a key exporter of gold, silver, and gemstone jewellery. Its skilled workforce, established manufacturing ecosystem, and design expertise have helped strengthen its position in international markets.
- Rising consumer spending, wedding-related demand, and increasing preference for branded jewellery are creating new opportunities across product categories. Growing acceptance of contemporary designs and customised jewellery is also expanding the industry’s customer base.
- Government initiatives, infrastructure development, technology adoption, and 100% FDI under the automatic route are supporting industry modernisation. These measures, along with India’s rich craftsmanship heritage, are expected to enhance the sector’s competitiveness and global presence.
Business Strengths
- Advit Jewels combines traditional jewellery-making expertise with modern manufacturing technologies such as 3D printing, casting systems, and laser-based equipment. Its integrated production setup enables efficient operations, tighter quality control, improved security, and cost-effective manufacturing.
- The company offers a diverse portfolio of handcrafted jewellery across bridal, traditional, contemporary, antique, and fusion categories. Its ability to customize designs and cater to varying customer preferences helps strengthen relationships with dealers, retailers, and end customers.
- Advit Jewels has established robust operational processes focused on compliance, security, and risk management. Stringent sourcing practices, comprehensive insurance coverage, advanced surveillance systems, and secure storage infrastructure support the protection of valuable inventory and business continuity.
- The company is led by experienced promoters and a professional management team with expertise across design, operations, marketing, procurement, and finance. Their industry knowledge and strategic guidance support business growth, governance standards, and long-term value creation.
- Quality remains a key focus area for Advit Jewels, with every jewellery piece undergoing multiple levels of inspection before delivery. Its emphasis on craftsmanship, consistency, and customer satisfaction has helped build trust, strengthen brand credibility, and support sustained business growth.
Financial Performance
Advit Jewels Limited – Financials (₹ in Lakh) (Restated Consolidated)
| Particulars | 31 Dec 2025 | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|---|
| Revenue from Operations | 12,379.01 | 12,493.73 | 6,944.26 | 4,660.41 |
| Total Current Assets | 14,417.26 | 12,606.15 | 6,510.70 | 2,863.24 |
| EBITDA | 3,667.61 | 3,714.67 | 1,895.17 | 1,277.43 |
| Profit After Tax | 2,544.24 | 2,536.71 | 1,471.04 | 1,038.98 |
| Return on Net Worth | 30.41% | 43.64% | 44.84% | 57.47% |
| Return on Equity | 35.89% | 55.79% | 57.82% | 80.51% |
| Return on Capital Employed | 24.09% | 27.48% | 35.41% | 53.02% |
(Source: RHP)
Key Ratios & Metrics
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Return on Equity (ROE) | 35.89% | 55.79% |
| Return on Capital Employed (ROCE) | 24.09% | 27.48% |
| Debt-to-Equity Ratio | – | 1.29x |
| Return on Net Worth (RoNW) | 30.41% | 43.64% |
| PAT Margin | 20.55% | 20.30% |
| EBITDA Margin | 29.63% | 29.73% |
| Price-to-Book Value (P/B) | – | 7.60 |
(Source: RHP)
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 23 – 25 June, 2026 |
| Allotment | Mon, Jun 29, 2026 |
| Listing Date | Wed, Jul 1, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹138 per share |
| Lot Size | 100 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Issue |
| Total Issue Size | 1,19,68,000 shares (agg. up to ₹165 Cr) |
| Fresh Issue | 1,19,68,000 shares (agg. up to ₹165 Cr) |
| Shareholding Pre-Issue | 3,38,42,000 shares |
| Listing Exchange | BSE, NSE |
(Compiled from RHP and market updates)
Conclusion
Advit Jewels operates in India’s growing gems and jewellery industry, backed by a long-standing heritage, strong craftsmanship capabilities, and a diversified product portfolio. The company has established an integrated manufacturing setup that combines traditional jewellery-making techniques with modern technology, supporting quality and operational efficiency.
Its financial performance reflects consistent growth in revenue and profitability over recent years, while healthy margins and return ratios indicate a scalable business model. However, investors should carefully assess factors such as industry competition, raw material price fluctuations, and overall business risks. Prospective investors are advised to review the RHP in detail and evaluate the company’s financials, growth prospects, and risk factors before making any investment decision.
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. This content is purely for informational purposes only and should not be considered as investment advice or a recommendation. Securities quoted are for illustration purposes only and not recommendatory. Investors are requested to do their own due diligence before investing.
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