Advit Jewels IPO GMP Day 2 Live Updates: Advit Jewels issue enters second day of bidding. Check GMP and other key details

Advit Jewels IPO entered Day 2 of bidding with strong investor interest, having been subscribed 11.18 times on Day 1 led by retail at 11.55x. The Rs 165.16 crore issue, entirely a fresh issue, is priced at Rs 130-138 per share and is commanding a grey market premium of around 41%, implying an estimated listing price near Rs 194. Brokerages have recommended subscribing, citing strong revenue growth, improving margins, expansion plans and debt reduction, though gold price volatility and customer concentration remain risks.