Advit Jewels IPO GMP signals strong listing on July 1; check allotment status, subscription and other details

Advit Jewels IPO, a Rs 165 crore public issue, was subscribed 212.63 times overall with NII portion oversubscribed 536.38 times and QIBs at 174.98 times. The price band was set at Rs 130-138 per share, and the grey market premium of Rs 46 implies an estimated listing price of Rs 184 per share, a 33.33 percent premium. Allotment was finalised on June 29 ahead of the stock market debut on July 1, with proceeds earmarked for working capital, debt repayment and general corporate purposes.