Advit Jewels Limited has announced the price band for its initial public offering (IPO) at Rs 130 to Rs 138 per equity share with a face value of Rs 10 each. The book-built issue will open for subscription on Tuesday, June 23, 2026, and close on Thursday, June 25, 2026. Investors can bid for a minimum of 100 equity shares and in multiples of 100 shares thereafter. The company currently has 3,38,42,000 outstanding equity shares and the IPO comprises a fresh issue of 1,19,68,000 equity shares.

According to the company, proceeds from the fresh issue will be used for funding incremental working capital requirements, repayment or pre-payment of certain outstanding borrowings and general corporate purposes. The fresh issue is valued at Rs 65 crore for working capital requirements and Rs 65 crore for debt repayment.

Based in Jaipur, Rajasthan, Advit Jewels operates under the brand name Rambhajo and manufactures handcrafted fine jewellery, including Kundan, Polki, diamond and studded jewellery. The company primarily follows a business-to-business model, supplying dealers, showrooms and jewellery retailers, while also undertaking made-to-order projects for business-to-consumer customers.

Its product portfolio includes necklaces, earrings, rings, bangles and customized jewellery manufactured in 14-carat and 18-carat gold using diamonds and coloured gemstones. The company stated that it develops new designs by combining different art forms and does not repeat designs.

Advit Jewels operates a 6,450 sq ft leased manufacturing facility in Jaipur equipped with 3D printers, casting units and polishing machines. The company said the entire jewellery manufacturing process, including melting, sheet and chain making, stone setting, polishing and quality inspection, is carried out in-house. For the nine months ended December 31, 2025, the company reported revenue from operations of Rs 1,237.9 crore and net profit of Rs 254.4 crore.

Holani Consultants Private Limited is the book-running lead manager to the issue, while Bigshare Services Private Limited is acting as the registrar. Under the book-building process, not more than 50% of the net offer is allocated to qualified institutional buyers, with not less than 15% reserved for non-institutional bidders and 35% for retail individual bidders.