Advit Jewels, a Jaipur-based jewellery company, announced its initial public offering (IPO) price band between ₹130 and ₹138 per share, with a face value of ₹10 each. The IPO, comprising a fresh issue of 1.19 crore shares, aims to raise up to ₹165 crore. The public offer is scheduled to open for subscription on June 23, 2026, according to livemint.com.
The IPO is a mainboard public offer with no offer-for-sale component, meaning all proceeds from the share sale will go directly to Advit Jewels. The company’s chairman and managing director, Nitin Gilara, and whole-time director, Prateek Gilara, were present at the IPO launch event in Mumbai. The firm plans to use the funds to expand its operations and strengthen its market presence, as detailed in the company’s filings and public disclosures.
This IPO comes amid a growing trend of jewellery firms tapping public markets to fund expansion and meet rising consumer demand. Comparable IPOs in the sector have seen strong investor interest, reflecting confidence in the organised jewellery retail segment. Advit Jewels’ fresh issue approach distinguishes it from others that include offer-for-sale shares, potentially providing clearer capital infusion for growth.
Subscription for Advit Jewels’ IPO will begin on June 23, 2026, with the issue closing a few days later. The company’s decision to raise ₹165 crore through this fresh issue will be closely watched by investors and market participants, as it marks a significant step in the firm’s growth strategy.