Advit Jewels IPO final bidding day: GMP hints at 38% listing gains. Should you subscribe?

Advit Jewels IPO, a Rs 165.16 crore fresh issue priced at Rs 130-138 per share, saw robust demand on final bidding day with overall subscription of 44.16 times, led by NIIs at 121.16 times and retail at 35.46 times. Grey market premium of around Rs 52 suggests potential listing gains of about 38 percent, with shares expected to debut on NSE and BSE on July 1, 2026. Proceeds will primarily fund working capital (Rs 65 crore) and debt repayment (Rs 65 crore) for the Jaipur-based Rambhajo brand.