IPO News

Advit Jewels IPO continued to attract strong investor interest on the second day of bidding, with the issue being subscribed more than 25 times as demand surged across retail and non-institutional investor categories. The ₹165.16 crore public issue opened for subscription on June 23 and will close on June 25. As of 12:35 PM on Day 2, the IPO had received bids for over 21.40 crore shares against the 83.79 lakh shares available, translating into an overall subscription of 25.55 times. The strong response highlights growing investor appetite for jewellery and luxury consumption-related stocks despite broader market volatility. Advit Jewels IPO Subscription Status The non-institutional investor (NII) category emerged as the strongest segment, attracting bids worth 62.97 times the shares reserved. Retail investors also showed significant interest, subscribing to their portion 23.43 times. Meanwhile, qualified institutional buyers (QIBs) remained relatively cautious, with the category subscribed 1.16 times at the time of writing. The sharp demand from retail and high-net-worth investors suggests confidence in the company's growth prospects and listing potential. Advit Jewels IPO Price Band and Lot Size Advit Jewels has fixed the IPO price band at ₹130 to ₹138 per share. The company aims to raise ₹165.16 crore through the public issue. The shares are scheduled to be listed on both the NSE and BSE on July 1, 2026, subject to the completion of the allotment process. Advit Jewels IPO GMP Today Market participants are closely tracking the grey market premium (GMP) as an indicator of potential listing gains. A positive GMP generally reflects strong investor sentiment and expectations of a premium listing, although investors should note that grey market activity remains unofficial and can change rapidly before listing day. The robust subscription figures on Day 2 indicate healthy demand, which could continue supporting sentiment heading into the final day of bidding. Should You Apply for Advit Jewels IPO? The strong subscription numbers suggest investors are betting on the company's growth opportunities in India's expanding jewellery market. Rising disposable incomes, increasing demand for branded jewellery, and the ongoing shift from unorganized to organized players continue to support the sector's long-term outlook. However, investors should also evaluate the company's financial performance, valuation metrics, competitive positioning, and future growth plans before making an investment decision. For listing gain-focused investors, the strong subscription trend could be encouraging. Long-term investors, meanwhile, may want to assess whether the company's earnings growth justifies its valuation. Advit Jewels IPO Outlook With one day of bidding remaining, Advit Jewels IPO appears on track to close with strong demand. The key area to watch will be institutional participation on the final day, as higher QIB interest is often viewed positively by the market. If subscription momentum remains strong and grey market sentiment stays positive, the IPO could attract further attention ahead of its July 1 stock market debut. For now, Advit Jewels is emerging as one of the most closely watched IPOs of the week. What is the Advit Jewels IPO price band? The IPO price band has been fixed at ₹130 to ₹138 per share. How much has Advit Jewels IPO been subscribed? As of Day 2 afternoon, the IPO was subscribed 25.55 times overall. When will Advit Jewels shares list on the stock market? The proposed listing date is July 1, 2026, on both the NSE and BSE.