Jaipur-based Advit Jewels debuted on the NSE and BSE on July 1, listing above its IPO price after its Rs 165.16 crore public issue received 212.63 times subscription.
Jaipur-based Advit Jewels Limited made its stock market debut on July 1, listing at Rs 188.90 per share on the NSE, a premium of 36.88% over its IPO issue price of Rs 138. On the BSE, the stock opened at Rs 187 per share. During its first trading session, the stock touched an intraday high of Rs 192 on the NSE before closing at Rs 179.50, representing a 30% gain over the issue price.
According to NSE data, a total of 52.78 lakh shares were traded during the day, while the BSE recorded a trading volume of 10.49 lakh shares. Combined turnover across both exchanges stood at Rs 117.4 crore on the first day of trading. Based on the closing price, the company's market capitalization stood at Rs 822.1 crore on the NSE and ?816.1 crore on the BSE.
The company had launched its initial public offering worth approximately Rs 165.16 crore for subscription between June 23 and June 25, 2026. The issue received an overall subscription of 212.63 times, while the non-institutional investor category was subscribed 536.38 times.
Headquartered in Jaipur, Rajasthan, Advit Jewels manufactures and sells handcrafted fine jewellery across traditional and contemporary categories. The company specialises in Kundan, Polki, diamond and studded jewellery, serving the fine jewellery segment from one of India's key gemstone and jewellery manufacturing hubs.
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