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 ā¹10 each with no Offer-for-Sale component.Ā
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 ā¹65 crore raised from the fresh issue will be used to handle the incremental working capital requirements of the company. Funds of ā¹65 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 companyās 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 ā¹124.9 crore from its operations, with a net profit of ā¹25.36 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 ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ā¹46.60 | ā¹34.08 | ā¹10.39 |
| 2024 | ā¹69.45 | ā¹51.66 | ā¹14.71 |
| 2025 | ā¹124.94 | ā¹94.24 | ā¹25.37 |
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): | ā¹7.92 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.64% |
| Net Asset Value (NAV): | ā¹18.16 |
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
