Advit Jewels Limited Raises Rs 49.52 Crore from Anchor Investors

POSTED BY : MRUNALI SAKPAL DT. 22/06/2026 📞  8850212023

MUMBAI : RMI.IN : Advit Jewels Limited, which is a Jaipur-based manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, diamond and studded pieces, has garnered Rs 49.52 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 23, 2026.

The company informed the bourses that it allocated 35,88,700 equity shares at Rs 138 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include Holani Venture Capital Fund – Holani Venture Capital Fund – 1, Mint Focused Growth Fund PCC- Cell 1 and Venus Investment VCC – Venus Stellar Fund.

Amongst equity- oriented schemes, the company has allocated shares to Taurus Mutual Fund.

Out of the total allocation of 35,88,700 equity shares to the anchor investors, 11,00,000 were allocated to One domestic mutual funds through three schemes.

Holani Consultants Private Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar of the offer.

IPO Details

The Initial Public Offering (“IPO” or “Issue”) of the company will open on Tuesday, June 23, 2026, and close on Thursday, June 25, 2026.

The IPO is a fresh issue of up to 1,19,68,000 equity shares.

Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.

The proceeds from its fresh issue worth Rs 65 crore will be for funding incremental working capital requirements of the company, Rs 65 crore for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed, and general corporate purposes.