Advit Jewels
Jaipur-based handcrafted jewellery maker (Rambhajo brand) — Kundan, Polki, diamond & studded jewellery.
Last updated 2 Aug 2026, 4:46 pm IST
- Price band
- ₹130 – ₹138
- Lot size
- 100 shares
- Issue size
- ₹165.16 Cr
- Opens
- 23 Jun 2026
- Closes
- 25 Jun 2026
- Exchange
- Both
The numbers
- GMP
- ₹56 (~41%)
- Subscription
- 212.62× (final)
- Listing gain
- +36.88% (NSE) / +35.51% (BSE)
- Listing date
- 1 Jul 2026
- Model prediction
- Predicted ~+41% → Subscribe (GMP +41%, demand strong 212.6×, Anil 0). Actual: +36.9% NSE / +35.5% BSE. Model ~4–5 pts high but directionally spot on — strong listing as called.
The Ticker Tales take
Jaipur-based handcrafted jewellery maker (Rambhajo brand). —— How we built the call: at the 2 PM lock on closing day (25 Jun) our predicted listing pop was about +41%, split as GMP +41% (₹56 over the ₹138 price) + demand strong (212.6× subscribed — the most sought-after IPO of 2026 so far) + Anil Singhvi 0 (no clear call). Well above our +25% line, so the call locked firmly at Subscribe. Financials backed it: revenue nearly tripled from ₹46.6 Cr (FY23) to ₹124.9 Cr (FY25), PAT up from ₹10.4 Cr to ₹25.4 Cr. —— Prediction vs reality: we forecast ~+41%; the stock listed +36.9% on NSE (₹188.90) and +35.5% on BSE (₹187). So the model ran ~4–5 points high but directionally spot on — a strong listing, exactly as our Subscribe call implied. Final call — locked at close on 25 Jun.
More details
- PAT
- ₹10.4 Cr (FY23) to ₹25.4 Cr (FY25)
- Risks
- B2B-heavy; gold-price volatility; high inventory & negative operating cash flow (FY25); Jaipur concentration
- Revenue
- ₹46.6 Cr (FY23) to ₹124.9 Cr (FY25)
- Business
- Handcrafted jewellery (Rambhajo brand)
- GMP as of
- 18 Jun 2026
- Promoters
- Gilara family
- Strengths
- Heritage brand since 1921; in-house manufacturing; diversified product range
- Buzz meter
- 🔥 Hot (GMP thin/volatile)
- Financials
- FY25 revenue ₹124.94 Cr; PAT ₹25.37 Cr
- Anchor book
- Bids on 22 Jun (pending)
- Anil Singhvi
- No post yet (opens 23 Jun)
- Allotment date
- 29 Jun 2026
- Min investment
- ₹13,800
- Anchor investors
- ₹49.52 Cr
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.