[Fresh Issue ₹165 Cr + OFS NIL]

Advit Jewels IPO price: ₹130-₹138 per share.

Advit Jewels: History

The Company was incorporated as Advit Jewels Private Limited, a private limited company under the Companies Act, 2013, on October 29, 2019.

The Company was then converted into a public limited company on April 16, 2025, under a special resolution passed by the shareholders.

Its name was subsequently changed to Advit Jewels Limited, and a fresh certificate of incorporation was issued by the RoC on April 30, 2025.

Advit Jewels: Business

Based in the heart of India’s jewellery and gemstone hub, Jaipur, Rajasthan, Advit Jewels is a manufacturer and seller of traditional and contemporary handcrafted  fine jewellery, specializing in Diamond, Kundan, Polki, and Studded pieces.

Late Shri Kishan Gilara started “Rambhajo,” the company’s brand name, as a local brokerage and trading venture in the jewellery market in 1921.

The Company’s key offerings include –

• Bangles,
• Chick Sets,
• Earrings,
• Necklaces,
• Pendants,
• Rings, and
• Customized jewellery pieces.

It works primarily with gold, diamond polki, and coloured stones, and is known for work in Kundan and Polki.

Its products are designed in both 14 Carat and 18 Carat gold, depending on client preferences.

Advit primarily works on a B2B model, supplying dealers, showrooms, and retailers, but also serves B2C clients for exclusive, made-to-order jewellery.

The Company’s core strength lies in design innovation and customization, offering clients the flexibility to tailor jewellery according to specific tastes, cultural significances, and market trends.

Manufacturing Unit

The Company’s manufacturing unit is located at Jaipur, Rajasthan (6,450 sq. ft. and operated on leased premises) which is fully equipped with modern machines such as casting units, 3D printers, and polishing machines.

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PAN India Presence

It has a PAN India presence with revenue generated from states including Delhi, Gujarat, Haryana, Maharashtra, Punjab, Rajasthan, West Bengal, Uttar Pradesh, and Telangana.

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Strategies Ahead

Expansion of business operations,

Focus on Creative Designs,

Geographic Expansion: Scaling Across India.

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Company Promoters

1. Nitin Gilara,
2. Prateek Gilara,
3. Vipul Gilara,
4. Krishna Vardhan Gilara.

Refer to Advit Jewels DRHP for more information.

IPO Details

ipo date: 23 June – 25 June 2026

Minimum Amount: ₹13,800

Minimum Bid: 100 Shares

Face Value: INR 10 per share

Listing On: NSE, BSE

Financial

Book Running Lead Manager

Holani Consultants Pvt Ltd

CONCLUSION

Considering financial performance and the nature of the business in mind, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) on Advit Jewels Limited IPO.

Do come back to know more about upcoming IPOs.

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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