Advit Jewels IPO set for market debut today; GMP signals strong listing gains

Advit Jewels is set to list today with strong grey market premium of about Rs 50, indicating potential listing gains of around 36 percent over the upper price band of Rs 138. The Rs 165.16 crore IPO, comprising a fresh issue of 1.20 crore shares, was subscribed 212.63 times, with NIIs at 536.38 times, QIBs at 174.98 times, and retail at 95.30 times. For the nine months ended December 2025, the Jaipur-based jewellery maker reported revenue of Rs 123.79 crore and net profit of Rs 25.44 crore.