One of the leading Jewellery makers, Advit Jewels, submitted its Draft Red Herring Prospectus to the market capital SEBI, intending to go public. This IPO comprises entirely a fresh issue of 1,38,00,000 million equity shares with a face value of ₹10 each with no Offer-for-Sale component.
After discussing with its lead managers, they are also planning to do a pre-IPO placement of up to 18,32,000 shares. If the pre-IPO round happened, the amount of fresh issue would be reduced. It is a book-built issue, in which 50% of shares are reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for Retail Individual Investors (RIIs).
The book-running lead manager of the issue is Holani Consultants, while Bigshare Services is the registrar of the offer.
The funds of ₹65 crore raised from the fresh issue will be used to handle the incremental working capital requirements of the company. Funds of ₹65 crore will be utilized for the prepayment/repayment of the past borrowings taken by the company from commercial banks. Lastly, the remaining funds will be used for the company’s general corporate purposes.
Advit Jewels, founded in 2019, is one of the growing manufacturers and sellers of handcrafted fine jewellery with mastery in designing Kundan, Polki, Diamond, and Studded pieces. It is a Jaipur-based company that incorporates traditional techniques and modern design to offer unique yet timeless designs under its brand “Rambhajo”. Its portfolio consists of necklaces, earrings, rings, bangles, and customized jewellery, crafted in 14K and 18K gold with diamonds and coloured stones.
In FY25, the company generated a revenue of ₹124.9 crore from its operations, with a net profit of ₹25.36 crore.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Advit Jewels IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Advit Jewels Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹46.60 | ₹34.08 | ₹10.39 |
| 2024 | ₹69.45 | ₹51.66 | ₹14.71 |
| 2025 | ₹124.94 | ₹94.24 | ₹25.37 |
Advit Jewels IPO Valuation – FY2025
Advit Jewels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.92 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.64% |
| Net Asset Value (NAV): | ₹18.16 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bluestone Jewellery and Lifestyle Limited | (78.86) | NA | (24.00%) | 363.96 | 1,829.92 Cr. |
| RBZ Jewellers Limited | 9.70 | 14.32 | 15.83% | 61.26 | 530.75 Cr. |
| Radhika Jeweltech Limited | 11.63 | 16.34 | 18.63% | 27.34 | 647.67 Cr. |
Objects of the Issue
- Funding incremental working capital requirements of our Company.
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks.
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Holani Consultants Private Limited
