IPO Snapshot
Key metrics and details at a glance.
Price Band
₹138
Per ShareLot Size
100 Shares
Minimum Investment
₹13,800
Issue Size
₹165.16 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Advit Jewels Ltd
Business model, operations, and market positioning.
About the Company
Our company is a manufacturer and seller of handcrafted fine jewellery, specializing in Kundan, Polki, Diamond and Studded pieces. Our brand name "Rambhajo" finds its roots in a jewellery business established in 1921 by Late Shri Kishan Gilara in Jaipur.
Company History
Our Company was incorporated in Jaipur, Rajasthan as "Advit Jewels Private Limited" a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated October 29, 2019 issued by Registrar of Companies, Central Registration Centre, Manesar. Thereafter, our Company was converted from a private limited company to a public limited company under the provisions of the Companies Act, 2013, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on April 16, 2025. Accordingly, upon conversion the name of our Company was changed to "Advit Jewels Limited" by deletion of the word `Private'. A fresh certificate of incorporation consequent upon conversion of our Company from private limited company to public limited company dated April 30, 2025, was issued by the Registrar of Companies, Central Processing Centre bearing Corporate Identification Number "U36910RJ2019PLC066804".
Growth Strategy
- Enhance our financial capabilities to facilitate the expansion of our business operations.
- Continued Focus on Creative Designs.
- Geographic Expansion: Scaling Across India.
Promoter Holding (Pre-Issue)
94.59%
Promoter Holding (Post-Issue)
69.88%
Issue Type
Book Building
ISIN
INE1SJO01012
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 1,19,68,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 138 per equity share (including a share premium of Rs. 128 per equity share), aggregating to Rs. 165.16 Crores ("the Issue"). The issue will constitute 26.12% of the post issue paid up equity share capital of the company. The company has undertaken a pre-ipo placement of 18,32,000 equity shares of face value of Rs.10 each at a price of Rs. 125/- per equity share aggregating to Rs. 22.9 Crores. The size of the issue as disclosed in the draft red herring prospectus, aggregating up to 1,38,00,000 equity shares of face value of Rs.10/- each has been reduced by 18,32,000 equity shares of face value of Rs. 10/- each pursuant to the pre-ipo placement, subject to compliance with rule 19(2)(b) of the scrr, and accordingly, the issue is for an aggregate of up to 1,19,68,000 equity shares of face value of Rs. 10/- each. The pre ipo proceeds will be utilized in one of the objects of the issue i.e. General corporate purposes. Further, the pre-ipo placement has not exceeded 20% of the size of the issue. The company has appropriately intimated the subscribers to the pre-ipo placement that there is no guarantee that the company may proceed with the issue, or the issue may be successful and will result into listing of equity shares on the stock exchanges, and the investment is being made solely at the risk of the investor. Price Band: Rs. 138/- per equity share of face value of Rs. 10/- each. The floor price is 13.80 times of the face value. Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.
*Subject to approvals and market conditions.
- Organized Manufacturing Under One Roof.
- Design and Innovation: Diversified Product Offering Across Customer Segments.
- Robust Operational Systems and Risk Mitigation Framework.
- Experienced Leadership with Proven Execution Capability.
- Unwavering Commitment to Quality.
- Prices of products manufactured by the company is highly dependent on the prices of gold, diamond polki and precious & semi- precious stones and cost of these raw materials comprises 99.85%, 99.66%, 99.95%, 99.76% of total cost of material consumed in production of product for the period ended on December 31, 2025 and for the fiscal years ended on March 31, 2025, 2024 and 2023 respectively. Any non-availability or significant increase in the cost of gold, diamond polki, and other precious or semi-precious stones and absence of long-term contracts with its suppliers could adversely affect the company business, results of operations, financial condition and prospects.
- The company inventory holding increased significantly from Rs. 1,041.67 Lakhs in Fiscal 2023 to Rs. 4,491.67 Lakhs in Fiscal 2024 and further to Rs. 10,723.91 Lakhs in Fiscal 2025. Further, inventory constituted 36.38%, 68.99%, 85.07% and 68.68% of its total current assets as of March 31, 2023, 2024 and 2025 and December 31, 2025, respectively. Inventory also represented 22.35%, 64.68%, 85.83% and 79.99% of the company revenue from operations for Fiscal 2023, 2024 and 2025 and the period ended December 31, 2025, respectively, while its inventory holding days were 91 days, 158 days, 199 days and 154 days for the corresponding periods. The high level of inventory maintained by the company exposes its to risks associated with inventory management, demand forecasting, valuation, carrying costs and supply chain disruptions, which may adversely affect the company working capital requirements, liquidity, profitability and overall financial condition.
- The company business is significantly dependent on Jaipur City as its entire manufacturing operations is based thereon along with 18.18%, 73.09%, 77.32% and 80.56% of the company total raw material purchases for the period ended on December 31, 2025 and for the Fiscal years ended on March 31, 2025, 2024 and 2023 are sourced from suppliers who are based in Jaipur City. This dependence exposes its to regional risk or a location risk. Any disruption, slowdown, or shutdown in Jaipur City or surroundings areas will affect the company manufacturing operations and/or its principal raw materials supplies which could adversely affect the company business, results of operations, financial condition and cash flows.
- The Company has recently acquired a registered trademark for brand name `Rambhajo' from its Promoter Group member by way of assignment, for which approval of form TM - P to record the said assignment is pending. The Company has also made application for registration of brand name `Advit' which is pending. Any inability to protect its brand, business processes or proprietary information may adversely affect the company business, financial condition and results of operations.
- The Company has low average employee base of 45 people in FY 25, 19 in FY 24 and 15 in FY 23 and significant number of employees leave the company every year. The percentage of attrition ratio reached nearly 50% in FY25 and its company weighted average attrition rate for the last three FYs is 38.95% which is way higher than the industry attrition rate, which may adversely impact the company business operations, continuity and financial performance.