LIVE BLOG24 Jun 2026 | 08:26:52 AM ISTAdvit Jewels IPO draws strong demand amid high grey market premium.SynopsisAdvit Jewels IPO GMP Live Updates: Advit Jewels IPO entered Day 2 with strong demand after 11.18x subscription on Day 1 and a 41% GMP. The Jaipur-based jewellery maker continues to attract investors ahead of allotment and is expected to list in July.IPO timeline and key detailsAdvit Jewels IPO opened on June 23, 2026 and will close on June 25, 2026. The basis of allotment is expected on June 29, 2026, while listing on the NSE and BSE is scheduled for July 1, 2026.Grey market premium and sentimentThe IPO is commanding a grey market premium of around 41%, indicating strong listing expectations. At the upper price band of Rs 138, the estimated listing price is around Rs 194, though GMP remains an unofficial indicator.Subscription statusOn Day 1, the issue was subscribed to 11.18 times overall. Retail investors led with 11.55x subscription, while NII interest was even stronger. QIB participation remained comparatively moderate.About the companyAdvit Jewels is a Jaipur-based handcrafted jewellery brand operating under the Rambhajo label. It specialises in Kundan, Polki, diamond and gemstone jewellery, serving mainly B2B clients alongside customised B2C offerings. The company operates a fully integrated manufacturing facility with in-house design, casting and finishing capabilities.Should you subscribe?Brokerages have issued a “Subscribe” rating, citing strong revenue growth, improving profitability and healthy margins. While valuation appears slightly above peers, the company’s expansion plans, debt reduction strategy and positive cash flows support the outlook. However, risks include gold price volatility and customer concentration. Show more Show less1 New UpdateAdvit Jewels IPO Live Updates: Entire issue is fresh offerAdvit Jewels IPO GMP Live: The Rs 165.16 crore IPO is entirely a fresh issue with no offer-for-sale component.Advit Jewels IPO Live Updates: Price band fixed at Rs 130–138Advit Jewels IPO GMP Live: The issue is priced in the range of Rs 130–138 per share, with minimum retail investment set at Rs 13,800.Advit Jewels IPO Live Updates: GMP holds firm in grey marketAdvit Jewels IPO GMP Live: Grey market premium remains firm at around 41%, reflecting sustained positive sentiment in the unofficial market.Advit Jewels IPO Live Updates: Strong Day 1 subscription momentumAdvit Jewels IPO GMP Live: The IPO saw a strong Day 1 response, getting subscribed 11.18 times overall, driven mainly by robust retail participation.Advit Jewels IPO Live Updates: Day 2 GMP steady at 41%Advit Jewels IPO GMP Live: Jaipur-based Advit Jewels continues to see strong investor interest on Day 2, with grey market premium holding around 41%, signalling steady listing expectations.