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June 24, 2026Advit Jewels IPO subscribed 11.18 times
The offer received bids for 9.36 crore shares against the 83.79 lakh shares on offer. The initial public offer of Advit Jewels received bids for 9,36,73,100 shares as against 83,79,300 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (23 June 2026). The issue was subscribed 11.18 times.
The issue opened for bidding on 23 June 2026 and it will close on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.
The IPO comprises a fresh issue of 1,19,68,000 equity shares aggregating up to Rs 165.16 crore. The objectives for the fresh issue include allocating Rs 65 crore for funding working capital requirements, Rs 65 crore for repaying or prepaying certain outstanding borrowings, and the remaining amount for general corporate purposes.
