Advit Jewels IPO allotment is being finalized today, June 29, following a strong subscription of 212.63 times. Investors who applied can verify their status via the registrar's portal or stock exchange websites. The shares are scheduled to list on the NSE and BSE on July 1, with grey market indicators suggesting positive sentiment.
What Happened
The allotment process for the Advit Jewels initial public offering (IPO) is scheduled to be finalized today, June 29, 2026. This follows the close of the bidding period on June 25, which saw robust interest from all investor categories. The IPO, which was priced between ₹130 and ₹138 per share, received a massive response, with an overall subscription of 212.63 times. Qualified Institutional Buyers (QIBs) subscribed 174.98 times, while Non-Institutional Investors (NIIs) led the demand with 536.38 times subscription. Retail investors showed significant interest as well, with their portion subscribed 95.30 times.
How to Check Your Allotment Status
Investors can check their allotment status online through the registrar for the issue, Bigshare Services. Applicants can visit the registrar’s official website, navigate to the ‘IPO Allotment Status’ section, and select ‘Advit Jewels Limited’ from the dropdown menu. By entering their application number, PAN, or demat account details, investors can verify if shares have been allocated. Alternatively, the status can also be checked on the BSE and NSE websites under the ‘IPO Allotment’ status sections.
Business Model and Financials
Advit Jewels, a Jaipur-based manufacturer, operates under the century-old "Rambhajo" brand, specializing in Kundan, Polki, and diamond-studded jewelry. The company primarily follows a business-to-business (B2B) model, supplying to retailers and showrooms across India, with only a small portion of revenue coming from direct B2C sales. Financial data from the company's prospectus shows strong growth, with profit after tax rising to ₹25.37 crore in FY25 from ₹14.71 crore in FY24. However, the business is capital-intensive, and the company has seen its debt-to-equity ratio rise, reaching approximately 1.29x by the end of FY25.
Risks and Investor Monitorables
While the strong subscription numbers reflect investor appetite, the company faces inherent sector risks. Jewelry manufacturing involves high inventory requirements, and the company’s reliance on a few large customers (customer concentration risk) is a factor investors should note. The IPO proceeds are primarily intended to fund incremental working capital and repay existing debt. Investors should watch for the company's ability to maintain its profit margins and manage working capital efficiently as it scales operations post-listing. Additionally, as the company operates in the competitive jewelry space, shifts in gold prices and demand trends will remain key to long-term performance.
What Investors Should Track Next
Following the allotment, successful applicants can expect the credit of shares to their demat accounts by June 30. The listing of shares is scheduled for Wednesday, July 1, on both the BSE and NSE. On listing day, investors should be prepared for potential price volatility, which is common with new IPO listings. While grey market data has indicated a potential premium, investors should rely on official exchange data once trading begins.