Advit Jewels IPO Day 1 LIVE: Issue opens today. GMP hints 46% listing pop. Should you buy or not?

Advit Jewels IPO opened for public subscription on 23 June 2026 with a price band of ₹130-138 per equity share. The issue is a fresh issue of 1.20 crore shares with no offer-for-sale component, aimed at funding growth and expansion. Grey market premium stood at +64, implying an estimated listing price of around ₹202, about 46% above the upper end of the price band. The company designs and sells handcrafted fine jewellery under the Rambhajo brand, focusing on Kundan, Polki, diamond and studded segments.