Over 200x subscription! Advit Jewels becomes the hottest IPO of 2026; GMP at 41%

Advit Jewels' IPO was subscribed over 200 times, making it the most subscribed IPO of 2026 so far. The SME issue, priced at Rs 138 per share, comprised a fresh issue of 1.19 crore shares with proceeds earmarked for working capital, debt repayment and general corporate purposes. Grey market premium stood at around 41 percent ahead of listing on July 1, with the company reporting FY25 revenue of Rs 124.9 crore and net profit of Rs 25.4 crore.