Advit Jewels gains on market debut
Mumbai, July 1 -- The stock debuted at Rs 187, marking a premium of 35.51% to the issue price.
So far, the stock has hit a high of Rs 190 and a low of Rs 177.70. On the BSE, over 5.44 lakh shares of the company were traded in the counter so far.
The initial public offer of Advit Jewels received bids for 1,78,16,52,000 shares as against 83,79,300 shares on offer. The issue was subscribed 212.63 times.
The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price band of the IPO is fixed between Rs 130 and 138 per share.
The IPO comprised a fresh issue of 1,19,68,000 equity shares aggregating up to Rs 165.16 crore. The objectives of the fresh issue included Rs 65 crore for funding working capital requirements, Rs...
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