Who is the CEO of Advit Jewels Ltd?
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Dr. Nitin Gilara is the Chairman & Managing Director of Advit Jewels Ltd.
Advit Jewels Ltd is a Jaipur-based manufacturer of handcrafted fine jewellery under the “Rambhajo” brand, offering Kundan, Polki, Diamond and Studded jewellery products. The Advit Jewels IPO is scheduled to open on June 23, 2026, and close on June 25, 2026. The public issue comprises 1,19,68,000 equity shares with an issue size of up to ₹165.16 crore and a price band of ₹130 to ₹138 per share. The company intends to utilise the proceeds for working capital requirements, repayment or prepayment of certain borrowings, and general corporate purposes.
Advit Jewels Ltd is engaged in the manufacturing and sale of handcrafted fine jewellery under the brand name “Rambhajo”. The company specialises in Kundan, Polki, Diamond and Studded jewellery and offers a product portfolio that includes necklaces, earrings, rings, bangles and customised jewellery. Its operations are supported by an integrated manufacturing facility in Jaipur, where various stages of production are carried out in-house. The company primarily serves dealers, retailers and jewellery showrooms, while also catering to individual customers seeking customised jewellery solutions. The company operates across multiple states in India and derives revenue from both business-to-business and business-to-consumer channels. Its jewellery is crafted using traditional techniques combined with contemporary design elements, allowing it to serve different customer preferences. With a legacy associated with the “Rambhajo” brand, the company continues to focus on handcrafted jewellery manufacturing, quality control processes and customer-specific product offerings within the organised jewellery sector.
Investors interested in applying for the Advit Jewels Ltd IPO must have an active demat account, trading account and a bank account linked with their PAN. Applications can be submitted through the ASBA (Application Supported by Blocked Amount) facility offered by eligible banks or through an online trading platform provided by a registered stockbroker. To apply, investors can log in to their preferred banking or trading platform, navigate to the IPO section and select Advit Jewels Ltd IPO from the available public issues. Applicants must enter the required bid details, including the number of lots and bid price within the prescribed range, and then authorise the payment mandate. Upon successful submission, the application amount is blocked in the bank account until the completion of the allotment process. Investors may subsequently track their application and allotment status through the registrar’s platform using the relevant application details.
For more details, visit the Advit Jewels IPO page.
Details | Information |
IPO Date | June 23, 2026 to June 25, 2026 |
Issue Size | 1,19,68,000 shares (agg. up to ₹165.16 Cr) |
Price Band | ₹130 to ₹138 per share |
Lot Size | 100 shares |
Listing At | BSE, NSE |
Funding incremental working capital requirements of the company
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company from scheduled commercial banks
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Tue, Jun 23, 2026 |
IPO Close Date | Thu, Jun 25, 2026 |
Tentative Allotment | Mon, Jun 29, 2026 |
Initiation of Refunds | Tue, Jun 30, 2026 |
Credit of Shares to Demat | Tue, Jun 30, 2026 |
Tentative Listing Date | Wed, Jul 1, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 25, 2026 |
₹130 to ₹138 per share
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 100 | ₹13,800 |
Retail (Max) | 14 | 1,400 | ₹1,93,200 |
S-HNI (Min) | 15 | 1,500 | ₹2,07,000 |
S-HNI (Max) | 72 | 7,200 | ₹9,93,600 |
B-HNI (Min) | 73 | 7,300 | ₹10,07,400 |
The Advit Jewels IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Advit Jewels IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 100 shares) at the price band of ₹130 to ₹138 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Advit Jewels IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
Investor Category | Shares Offered | % of Net Issue | Max Allottees |
QIB Shares Offered | 59,81,300 | 49.98% | NA |
− Anchor Investor Shares Offered | 35,88,700 | 29.99% | NA |
− QIB (Ex. Anchor) Shares Offered | 23,92,600 | 19.99% | NA |
NII (HNI) Shares Offered | 17,96,700 | 15.01% | NA |
− bNII > ₹10L | 11,97,800 | 10.01% | 798 |
− sNII < ₹10L | 5,98,900 | 5.00% | 399 |
Retail Shares Offered | 41,90,000 | 35.01% | 41,900 |
Total Shares Offered | 1,19,68,000 | 100.00% | - |
This structure reflects the allocation approach as disclosed in the issue documents, indicating the proportion of shares available to each investor category.
Total Assets: Grew from ₹29.01 crore in FY23 to ₹140.85 crore as of March 2025.
Total Income: Recorded at ₹124.94 crore in March 2025, as compared to ₹46.60 crore in FY23.
Profit After Tax (PAT): Reported at ₹25.37 crore in March 2025, and ₹10.39 crore in FY23.
Net Worth: Recorded at ₹58.13 crore in March 2025 compared to ₹18.08 crore in FY23.
Reserves & Surplus: Stood at ₹58.12 crore in March 2025, as compared to ₹18.07 crore in FY23.
Total Borrowings: Stood at ₹74.80 crore in March 2025, as compared to ₹5.84 crore in FY23.
EBITDA: Stood at ₹37.15 crore in March 2025 in comparison to ₹12.77 crore in FY23.
The company has reported growth in its asset base over the reviewed period, reflecting an expansion in its scale of operations and business activities.
Revenue generation has increased during the period under review, indicating higher business volumes and broader market participation.
Profitability has strengthened, supported by growth in earnings from core operations and improved business performance.
The company’s net worth has expanded, reflecting the accumulation of profits and a stronger capital position.
Growth in reserves and surplus indicates retained earnings have contributed to strengthening the company’s financial foundation.
Operating performance has shown progress, with earnings from business operations increasing over the review period.
The company has also increased its borrowings to support business expansion and operational requirements.
Its established presence in the handcrafted jewellery segment, focus on customised offerings, and relationships with dealers and retailers may support business development initiatives.
Continued investment in manufacturing capabilities, product development, and quality control processes may help the company address evolving customer requirements across its target markets.
The company’s presence across multiple states provides access to a diversified customer base and supports its ongoing business activities.
The company has reported an increase in borrowings over the review period. Its ability to manage debt obligations and working capital requirements may influence its financial position and operational activities.
The business is engaged in the jewellery sector, where operations can be affected by factors such as changes in consumer demand, fluctuations in raw material prices, and variations in market conditions that may impact business performance.
The company operates in the handcrafted fine jewellery segment and offers products across multiple categories, including Kundan, Polki, Diamond and Studded jewellery. Its presence in both B2B and B2C segments provides access to a diverse customer base.
The proposed utilisation of IPO proceeds towards working capital requirements and repayment or prepayment of certain borrowings may support business operations and financial management. In addition, its manufacturing capabilities, distribution network and presence across multiple states provide a platform for ongoing business activities.
KPI | Dec 31, 2025 | Mar 31, 2025 |
ROE | 35.89% | 55.79% |
ROCE | 24.09% | 27.48% |
Debt/Equity | - | 1.29 |
RoNW | 30.41% | 43.64% |
PAT Margin | 20.55% | 20.30% |
EBITDA Margin | 29.63% | 29.73% |
Price to Book Value | - | 7.60 |
Registrar | Lead Manager(s) |
|---|---|
Bigshare Services Pvt. Ltd. | Holani Consultants Pvt. Ltd. |
Flat No. 301, Pearl Premier,
Plot No. 4, Jamna Lal Bajaj Marg
C-Scheme,
Jaipur, Rajasthan, 302001
Phone: +91 9216035990
Email: cs@advitjewels.com
Website: https://rambhajo.com/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Advit Jewels IPO allotment status.
Dr. Nitin Gilara is the Chairman & Managing Director of Advit Jewels Ltd.
The Advit Jewels IPO is scheduled to open for subscription on June 23, 2026, and close on June 25, 2026. Investors can submit their applications during this period through eligible trading platforms or ASBA-enabled banking channels, subject to the applicable timelines and requirements.
Advit Jewels Ltd is engaged in the manufacturing and sale of handcrafted fine jewellery, including Kundan, Polki, Diamond and Studded jewellery products. The company serves both business customers and individual buyers through B2B and B2C channels. The long-term sustainability of its business model may depend on factors such as consumer demand, raw material availability, operational efficiency, market conditions, and the company's ability to maintain product quality and customer relationships. Future business performance cannot be assured.
The Advit Jewels IPO consists of 1,19,68,000 equity shares with an aggregate issue size of up to ₹165.16 crore, as disclosed in the issue details. Investors should refer to the offer document for complete information regarding the structure of the issue.
The pre-apply facility allows eligible investors to submit their IPO application before the issue officially opens for subscription. The application is typically processed when the IPO becomes available for bidding. Investors should review the terms and conditions of the platform through which they are applying, as the process may vary across intermediaries.
The minimum lot size for the Advit Jewels IPO is 100 equity shares. Retail investors are required to apply for at least one lot, and applications must be made in multiples of the prescribed lot size, subject to the terms specified in the offer document.
The tentative basis of allotment for the Advit Jewels IPO is scheduled for June 29, 2026. The final allotment process is subject to completion of regulatory and procedural requirements outlined in the issue schedule.
Bigshare Services Private Limited has been appointed as the registrar to the Advit Jewels IPO. The registrar is responsible for processing applications, finalising allotments and addressing investor-related queries concerning the issue.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the Advit Jewels IPO through the ASBA facility or through an online trading platform. The process generally involves logging into the platform, selecting the IPO, entering the bid quantity and price, providing a valid UPI ID where applicable, authorising the payment mandate, and submitting the application. The application amount remains blocked in the investor's bank account until the allotment process is completed.
Yes, investors are generally required to have an active demat account to apply for an IPO in India. If shares are allotted, they are credited electronically to the investor's demat account. Applicants should also ensure that their PAN, bank account and other required details are updated and correctly linked.
After the allotment process is completed, investors can check their application status through the registrar's website using details such as PAN, application number or demat account information. If shares are allotted, they will be credited to the investor's demat account, and the status can also be viewed through the relevant trading or depository platform.
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