Advit Jewels IPO
Advit Jewels Limited (RAMBHAJO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 July 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +44.8% (likely range -1% to +125%), day's high +54.9%, chance of a gain 82%. Actual: +36.9% at the open, +39.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 23,92,600 | 41,86,47,500 | 175x | |
| NII (HNI) total | 17,96,700 | 96,37,11,700 | 536x | |
| Big NII (above ₹10 lakh) | 11,97,800 | 66,31,67,800 | 554x | |
| Small NII (₹2-10 lakh) | 5,98,900 | 30,05,43,900 | 502x | |
| Retail | 41,90,000 | 39,92,92,800 | 95.3x | |
| Total | 83,79,300 | 1,78,16,52,000 | 213x |
Bids on NSE and BSE together, as published by NSE, as of 25 Jun 2026, 07:00 PM. Shares offered exclude the anchor portion. 19% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Advit Jewels's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Stallion India FluorochemicalsJan 2025 | 173x | 422x | 96.9x | 188x | ₹199 Cr | +33.3% | +40.0% |
| Denta Water and Infra SolutionsJan 2025 | 237x | 507x | 90.6x | 222x | ₹220 Cr | +10.5% | +16.1% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Indo Farm EquipmentJan 2025 | 242x | 504x | 105x | 230x | ₹260 Cr | +19.1% | +33.5% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| HOLANI CONSULTANTS | 4 | +60.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Advit Jewels IPO price band and lot size? ₹130–138 per share, with a lot of 100 shares, so the smallest retail bid is ₹13,800.
How many times has it been subscribed? 213x overall: QIB 175x, NII 536x, retail 95.3x.
How did it list? It opened at ₹189, +36.9% against the issue price of ₹138, and closed its first day +30.0%.
