Advit Jewels IPO opens today. Check brokerages review, GMP, subscription and other details

Jaipur-based Advit Jewels, which manufactures handcrafted jewellery under the Rambhajo brand, opened its SME IPO at a fixed price of Rs 138 per share to raise around Rs 165 crore through a fresh issue of 1.19 crore shares. Revenue grew to Rs 124.9 crore in FY25 from Rs 69.4 crore in FY24, with PAT rising to Rs 25.4 crore from Rs 14.7 crore. The issue, which has attracted a grey market premium of around 40%, carries a Subscribe rating from Equivision, citing strong growth and profitability.