| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹130 to ₹138 | 100 | 23rd June, 2026 – 25th June, 2026 | ₹165 Cr |
Advit Jewels Ltd
Advit Jewels Limited is a Jaipur-based manufacturer of premium handcrafted jewellery operating under the century-old Rambhajo Since 1921 brand. The company specializes in Kundan, Polki, Diamond, and Studded jewellery, offering a wide range of necklaces, earrings, bangles, rings, bridal sets, and customized jewellery pieces catering to the luxury and premium segments. Leveraging its strong heritage, skilled artisan base, and in-house design capabilities, the company blends traditional craftsmanship with contemporary designs to create exclusive, high-value jewellery products. The company primarily follows a B2B business model, supplying jewellery to dealers, retailers, and wholesalers across India, while also serving select B2C customers through customized and made-to-order offerings. Its integrated manufacturing facility in Jaipur is equipped with modern technologies such as CAD design systems and 3D printing, enabling end-to-end production and stringent quality control. Backed by strong brand equity, growing demand for premium bridal jewellery, and ongoing retail expansion initiatives, Advit Jewels is well positioned to capitalize on opportunities in India’s organized luxury jewellery market.
Objective of Advit Jewels Ltd
The net proceeds of the fresh issue are proposed to be utilized in the following manner:
- Funding the working capital requirements and core business growth operations of the company;
- General corporate purposes.
Rationale To Advit Jewels Ltd
Investment Rationale
Strong competitive edge through craftsmanship and technology integration
Advit Jewels has successfully integrated centuries-old jewellery craftsmanship with modern manufacturing technologies, creating a differentiated operating model in the premium handcrafted jewellery segment. The company combines traditional Kundan and Polki jewellery-making expertise with advanced technologies such as CAD designing, 3D printing, laser cutting and engraving systems, casting units, hydraulic press dyes, and polishing equipment. This blend enables the company to preserve the authenticity of handcrafted jewellery while enhancing precision, scalability, production efficiency, and design flexibility. Its integrated manufacturing facility allows end-to-end production under one roof, resulting in better quality control, reduced turnaround time, improved security of precious materials, and optimized production costs. The ability to leverage technology without compromising traditional artistry provides a strong competitive advantage in the premium jewellery market.
Diversified product portfolio catering to multiple customer segments
The company has developed a diversified product portfolio encompassing Antique, Bridal, Traditional, Contemporary, and Fusion jewellery collections, enabling it to cater to a wide spectrum of customers across different age groups, occasions, and price points. Its offerings range from wedding and festive jewellery to everyday luxury pieces, reducing dependence on any single category and supporting revenue diversification. The company’s strong design capabilities and customization expertise allow it to continuously launch unique collections aligned with changing consumer preferences and market trends. Furthermore, its extensive inventory management and in-house manufacturing capabilities facilitate timely execution of repeat orders for wholesale customers, strengthening relationships with dealers and retailers. This diversified product strategy positions the company to capitalize on multiple demand drivers within the growing organized jewellery market.
Valuation of Advit Jewels Ltd
Advit Jewels Limited operates in the premium handcrafted jewellery segment under the well-established Rambhajo Since 1921 brand, leveraging over a century of legacy, strong design capabilities, and expertise in Kundan, Polki, Diamond, and Studded jewellery. The company benefits from growing consumer preference for branded and customized jewellery, particularly in the bridal and luxury segments. India’s jewellery industry continues to witness structural growth driven by rising disposable incomes, increasing urbanization, premiumization trends, and the gradual shift from the unorganized to the organized market. Advit’s integrated manufacturing facility, skilled artisan base, and strong customer relationships position it well to capitalize on these industry tailwinds. Financially, the company has demonstrated strong growth momentum, with revenue increasing from Rs. 46.6 crores in FY23 to Rs. 124.9 crores in FY25 at a CAGR 64%, while PAT grew from Rs. 10.4 crores to Rs. 25.5 crores at a CAGR of 56% during the same period, reflecting healthy operating leverage and improving profitability. Despite elevated gold prices, the company reported robust volume growth, highlighting the strength of its brand and product offerings. Going forward, the upcoming flagship retail store in Jaipur, continued focus on customization, and expansion in the premium jewellery segment are expected to support revenue growth. At the issue price, the valuation appears reasonable considering the company’s strong earnings growth, niche positioning, and favourable industry outlook, though investors should remain mindful of risks arising from fluctuations in gold and gemstone prices and the relatively small scale of operations. Overall, Advit Jewels presents a niche growth opportunity backed by a heritage brand, improving financial performance, and a positive long-term outlook for the organized jewellery industry. At the upper price band of Rs. 138, Advit Jewels Ltd. is valued at a P/E multiple of 13.0x based on annualized FY26 earnings. Given the company’s historical growth track record, expanding margins, scalable business model and industry growth potential, we believe the valuation is justified. Thus, we recommend a “SUBSCRIBE” rating for this issue with a medium to long-term investment horizon.
What is the Advit Jewels Ltd IPO?
The initial public offer (IPO) of Advit Jewels Ltd offers an early investment opportunity in. A stock market investor can buy Advit Jewels Ltd IPO shares by applying in IPO before All Advit Jewels Ltd shares get listed at the stock exchanges. An investor could invest in Advit Jewels Ltd for short term listing gain or a long term.
How to apply for the Advit Jewels Ltd IPO through StoxBox?
To apply for the Advit Jewels Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Advit Jewels Ltd IPO open?
Advit Jewels Ltd IPO is opening on 23rd June 2026. Apply Now
What is the lot size of the Advit Jewels Ltd IPO?
The Lot Size of Advit Jewels Ltd 100 equity shares. Login to your account now.
When is the Advit Jewels Ltd IPO allotment date?
The allotment Date for Advit Jewels Ltd IPO is 29th June 2026. Login to your account now.
When is the Advit Jewels Ltd IPO listing date?
The listing Date for Advit Jewels Ltd is 1st July 2026. Login to your account now
What is the minimum investment required for the Advit Jewels Ltd IPO?
In the Retail segment the minimum investment required is Rs 13,800 Login to your account now
What is the maximum investment allowed for Advit Jewels Ltd IPO?
In the Retail segment the maximum investment requirement Rs 1,93,200 Login to your account now
What are the risks associated with investing in the Advit Jewels Ltd IPO?
- The company’s cost structure is highly concentrated in key raw materials such as gold, diamond polki, and precious/semi-precious stones, which accounted for over 99% of total material consumption during FY23-9MFY26. Consequently, any sharp increase in prices, supply disruptions, or procurement challenges could materially impact margins and profitability. Additionally, the absence of long-term supply agreements exposes the company to fluctuations in input costs and availability, posing a potential risk to operational performance and earnings visibility.
- The company’s manufacturing operations are entirely concentrated in Jaipur, with a substantial proportion of raw material procurement also sourced from suppliers located in the city. This high geographic concentration exposes the business to regional risks, including disruptions arising from natural calamities, infrastructure failures, regulatory actions, labour issues, or other localized events. Any significant disruption in Jaipur or its surrounding regions could adversely impact production, supply chain continuity, and raw material availability, thereby affecting the company’s operational performance, financial results, and cash flows.
When will the Advit Jewels Ltd IPO shares be credited to my Demat account?
The Advit Jewels Ltd will be credited to the account on allotment date which is 29th June 2026. Login to your account now
Where can I find the Advit Jewels Ltd IPO prospectus?
The prospectus of Advit Jewels Limited IPO prospectus can be find on the website of SEBI, NSE and BSE
