Advit Jewels IPO Allotment: Check Date, How To Verify Status; Latest GMP And Listing Date

Advit Jewels (Rambhajo) IPO: Investors can check and verify their allotment status on the websites of BSE, NSE and Bigshare Services.

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IPO will debut on stock market next week
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The initial public offering (IPO) of Advit Jewels received an overwhelming response from the investors as the mainboard issue was oversubscribed 212.63 times on the third and final day of bidding on June 25.

It received bids for 1,78,16,52,000 shares against 83,79,300 offered.

Qualified Institutional Buyers (QIBs) booked the issue 174.98 times. The Non-Institutional Investors' (NIIs) category was subscribed 536.38 times. Retail investors booked their quota 95.30 times.

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Jaipur-based Advit Jewels specialises in premium handcrafted jewellery and operates under the Rambhajo label. Renowned for its expertise in Kundan, Polki, diamond and embellished jewellery, the firm combines traditional jewellery-making techniques with modern design sensibilities, creating pieces that appeal to both classic and contemporary tastes.

It was a bookbuilding issue worth Rs 165.16 crore. It comprised a fresh issue of 1.20 crore shares. The price band for the IPO was set between Rs 130 and Rs 138 per share.

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Advit Jewels IPO Allotment And Listing Date

The share allotment status for Advit Jewels IPO is likely to be finalised on Monday, June 29, while successful applicants are expected to receive the shares in their demat accounts on June 30. Refunds to investors who do not receive an allotment are also scheduled for the same day.

The company's equity shares are due to be listed on both the BSE and NSE on July 1.

* the share allotment is taking place on Monday and not on Friday, as today is a bank holiday on account of Muharram.

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Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE and the issue registrar, Bigshare Services.

Steps To Check Advit Jewels IPO Allotment Status On BSE

  1. Visit the BSE IPO allotment page here.
  2. Choose the issue type as “Equity”.
  3. Select “Advit Jewels Ltd.” from the dropdown menu.
  4. Enter your application number or PAN (Permanent Account Number).
  5. Complete the Captcha for verification.
  6. Click on the “Search” button to check your allotment status.

Steps To Check Advit Jewels IPO Allotment Status On NSE

  1. Visit the IPO allotment page on the NSE website here.
  2. Select “Equity & SME IPO bid details”.
  3. Pick the company symbol 'RAMBHAJO' from the dropdown list.
  4. Enter your PAN and Application Number.
  5. Click “Submit” to check your share allotment status.

Steps to Check Advit Jewels IPO Allotment Status On Bigshare Services 

  1. Visit the IPO allotment page on the Bigshare Services website here.
  2. Select any one server out of the three options. 
  3. Select “Advit Jewels Ltd.” from the dropdown list of company names. 
  4. Enter your PAN, Application/CAF Number, or DP/Client ID. 
  5. Fill in the captcha details.  
  6. Click on the Search button to verify your share allotment status.

ALSO READ: Waterways Leisure IPO: Check Allotment Date & Status; GMP Indicates Discounted Listing

Advit Jewels IPO GMP Today

According to InvestorGain, the GMP for the Advit Jewels IPO stood at Rs 44 on June 26. It indicates a listing price of Rs 182 apiece at a premium of 31.88% on the upper limit of the price band. 

ALSO READ: CSM Technologies vs Advit Jewels vs Waterways Leisure — Which IPO Could Deliver the Highest Listing Gain?

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.

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