Jaipur's Advit Jewels is experiencing a robust IPO debut, with investor demand surging on day one, leading to a 6.75 times subscription. The handcrafted jewellery firm's public issue is attracting significant interest from retail and non-institutional investors, bolstered by a strong grey market premium. Proceeds will bolster working capital and reduce debt, aiming for enhanced financial agility and growth.
Advit Jewels' IPO saw robust demand, oversubscribing 6.75 times on Day 1 across all investor categories. Strong interest from retail and non-institutional investors, combined with a 47% listing gain signal from the grey market premium, indicates positive sentiment. The company…
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