Advit Jewels IPO opens tomorrow: GMP at 47%; SBI Securities recommends 'Subscribe'

Advit Jewels IPO opens on June 23, 2026, with a price band of Rs 130-138 per share and is looking to raise Rs 165.16 crore through a fresh issue of 1.20 crore equity shares. The stock is commanding a grey market premium of about 47%, indicating an estimated listing price of around Rs 202 per share. Brokerage SBI Securities has recommended subscribing to the issue, noting an annualized P/E of 18.6x at the upper price band; the company reported revenue of Rs 123.79 crore and net profit of Rs 25.44 crore for the nine months ended December 2025.