Advit Jewels Limited is a Jaipur-based jewellery company engaged in designing and manufacturing handcrafted fine jewellery under its well-known brand “Rambhajo”. The company specializes in premium jewellery categories such as Kundan, Polki, Diamond, and Studded jewellery, blending traditional craftsmanship with modern design aesthetics.
Its product portfolio includes a wide range of jewellery products such as necklaces, earrings, rings, bangles, and customized jewellery, primarily crafted using 14K and 18K gold, diamonds, and coloured gemstones. The company focuses on creating exclusive jewellery pieces that combine heritage craftsmanship with contemporary styling.
The company primarily operates on a B2B business model, supplying jewellery to dealers, retailers, and showrooms across India, while also catering to B2C customers through customized and made-to-order jewellery. In FY 2025, around 81.63% of revenue came from the B2B segment, while 18.37% was contributed by B2C sales.
Advit Jewels operates a 6,450 sq. ft. manufacturing facility in Jaipur, equipped with modern technologies such as 3D printers, casting machines, and in-house quality control systems. This allows the company to manage the complete jewellery production process internally, from gold melting and design development to polishing and final quality inspection.
The company maintains strict quality standards through a dedicated quality control team that checks design precision, gold purity, finishing, dimensions, and overall craftsmanship before dispatch. Customized and premium jewellery orders are generally completed within 25–30 days.
The company has built a pan-India presence, generating revenue from multiple states including Maharashtra, Gujarat, Delhi, Rajasthan, Punjab, Haryana, Uttar Pradesh, Telangana, and West Bengal.
As of April 30, 2026, the company had a total workforce of 111 employees.
Advit Jewels IPO – Details
| IPO Opening Date | 23 June 2026 |
| IPO Closing Date | 25 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,19,68,000 Shares Worth ₹[] Crore Fresh Issue: 1,19,68,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Advit Jewels IPO – Date Schedule
| IPO Open Date | 23 June 2026 |
| IPO Close Date | 25 June 2026 |
| Basis of Allotment | 29 June 2026 |
| Initiation of Refund | 30 June 2026 |
| Credit of Shares to Demat Account | 30 June 2026 |
| IPO Listing Date | 01 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2026 |
Advit Jewels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Organized manufacturing under one roof.
- Diversified product offering across customer segments.
- Robust operational systems and risk mitigation framework.
- Experienced leadership with proven execution capability.
- Unwavering Commitment to Quality.
Company Promoters
- Mr. Nitin Gilara
- Mr. Prateek Gilara
- Mr. Vipul Gilara
- Mr. Krishna Vardhan Gilara
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹46.60 Cr | ₹34.08 Cr | ₹10.39 Cr | ₹5.84 Cr |
| 31 March 2024 | ₹69.45 Cr | ₹51.66 Cr | ₹14.71 Cr | ₹19.70 Cr |
| 31 March 2025 | ₹124.94 Cr | ₹94.24 Cr | ₹25.37 Cr | ₹74.80 Cr |
| 31 December 2025 | ₹123.80 Cr | ₹93.05 Cr | ₹25.44 Cr | ₹64.92 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 35.89% |
| ROCE | 24.09% |
| Debt/Equity | – |
| RoNW | 30.41% |
| PAT Margin | 20.55% |
| EBITDA Margin | 29.63% |
| Pre IPO | Post IPO | |
| EPS (₹) | 7.50 | 7.41 |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding incremental working capital requirements of the Company. | ₹65.00 |
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company from scheduled commercial banks. | ₹65.00 |
| General corporate purposes. |
Advit Jewels IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Bluestone Jewellery and Lifestyle Limited | 490.38 |
| 2 | 10 | RBZ Jewellers Limited | 12.86 |
| 3 | 2 | Radhika Jeweltech Limited | 11.10 |
✅Strengths
- Strong “Rambhajo” brand in premium handcrafted jewellery.
- Expertise in Kundan, Polki, Diamond & Studded jewellery.
- 81%+ revenue from B2B segment with established dealer network.
- In-house Jaipur manufacturing facility with modern machinery.
- Skilled artisan base ensuring high-quality handmade jewellery.
⚠️Risks
- Heavy dependence on B2B sales channel for revenue.
- Gold and diamond price volatility can impact margins.
- Demand depends on luxury spending trends.
- Business relies on availability of skilled craftsmen.
- Faces strong competition from organized jewellery brands.
Advit Jewels IPO Promoter Holding
| Pre-Issue Share Holding | 94.59% |
| Post Issue Share Holding | – |
Advit Jewels IPO Prospectus
Company Contact Information
| Advit Jewels Ltd. Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg C-Scheme, Jaipur, Rajasthan, 302001 Phone: +91 9216035990 Email: cs@advitjewels.com Website: https://rambhajo.com/ |
Advit Jewels IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Advit Jewels IPO Lead Manager(s)
| 1. Holani Consultants Private Limited |
Advit Jewels IPO FAQs
| What is the Advit Jewels IPO? Advit Jewels IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Advit Jewels IPO open? The IPO is to open on 23 June 2026 for QIB, NII, and Retail Investors. |
| What is Advit Jewels IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Advit Jewels IPO Size? Advit Jewels IPO size is ₹[] Crore. |
| What is the Advit Jewels IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the Advit Jewels IPO Allotment Date? Advit Jewels IPO allotment date is 29 June 2026. |
| What is the Advit Jewels IPO Listing Date? Advit Jewels IPO listing date is 01 July 2026. The IPO is to be listed on the BSE and the NSE. |
