Advit Jewels IPO GMP: The IPO of Jaipur-based jewelery company Adwit Jewels has received bumper support from investors. This IPO opened on June 23 and closed on June 25. Advit Jewels’ IPO received a total subscription of 212.63 times on the third and last day. Investors of all categories participated enthusiastically in this IPO. According to NSE data, in this Rs 165.16 crore IPO, applications were received for 1,78,16,51,400 shares against the offer of 83,79,300 shares.
NII category investors applied 536.38 times
Advit Jewels’ IPO was subscribed 536.38 times while the quota reserved for NII investors was subscribed 174.98 times. Retail investors also subscribed 95.30 times for this IPO. It was fully subscribed on the very first day of the IPO opening on Tuesday. The tremendous response received by this IPO has made it one of the most favorite IPOs of the year 2026.
Company is going to raise Rs 165 crore
Let us tell you that Advit Jewels is raising Rs 165 crore from its IPO. For this IPO, the company had fixed the price band of Rs 130 to Rs 138 for each share. Retail investors will be given 100 shares in 1 lot. Under this IPO, the allotment of shares will take place on Monday, June 29. Investors who are allotted shares will have their shares credited to their demat accounts on June 30 and investors who will not get shares will get a refund on June 30. Let us tell you that Advit Jewels is going to be listed in the domestic stock market on Wednesday, July 1.
Company’s shares are trading with bumper premium in gray market
Due to the bumper support received from investors, this IPO has created a stir in the gray market as well. According to investorgain.com, Advit Jewels shares are trading with a bumper premium of Rs 49 (35.51 percent) in the gray market. The special thing is that there are still a few days left for this IPO to be listed and till then its GMP may see further increase. However, a decline is also possible.
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