Advit Jewels IPO day 1: GMP, subscription status, review, date, size to other details. Apply or not?

Advit Jewels IPO opened for subscription with a price band of ₹130-138 per share, aiming to raise ₹165 crore through a fully fresh issue. Grey market premium stands at ₹64, indicating positive listing expectations. Analysts have tagged the issue as 'apply' for listing gains, though valuation appears expensive at a post-issue P/E of 24.92x based on FY25 financials.