Jaipur's Advit Jewels IPO is off to a flying start, oversubscribed 2.3 times on Day 1, with strong retail investor interest. The grey market signals a potential 47% listing gain. The Rs 165 crore issue will fund working capital and debt repayment. The handcrafted jewellery maker, operating under the Rambhajo brand, aims for a July 1 stock market debut.
Advit Jewels IPO witnessed robust demand on Day 1, getting subscribed over 2.3 times overall, driven by strong retail investor interest. The grey market premium (GMP) suggests a potential 47% listing gain for the Rs 165 crore issue. Funds will be used for working capital and…
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