| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 46.60 | 69.44 | 124.94 |
| Expenses | 34.08 | 51.66 | 94.24 |
| Other Income | 0.00 | 0.01 | 0.01 |
| Total Revenue | 46.60 | 69.45 | 124.94 |
| Profit Before Tax | 12.53 | 17.79 | 30.70 |
| Net Profit | 10.39 | 14.71 | 25.37 |
Advit Jewels
Advit Jewels IPO
₹13,000
83.57 xOver-subscribedBidding Dates 23 Jun, 26 -25 Jun, 26
Min Investment ₹13,000
Lot Size100
Price Range ₹130 – ₹138
Issue Size ₹165.16 Cr.
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IPO Subscription Details
Retail Subscription Details
54.18 x
Non-Institutional Buyers (sHNI)
270.37 x
Non-Institutional Buyers (bHNI)
244.76 x
Qualified Institutional Buyers (QIB)
7.58 x
Total83.57 x
83.57 x IPO Timeline
IPO Offer Start
23 Jun,26
IPO Offer Ends
25 Jun,26
Allotment Finalisation
29 Jun,26
Refund Initiation
30 Jun,26
Listing of Shares
01 Jul,26
IPO Analysis
Strengths
The company operates a 6,450 sq. ft manufacturing facility in Jaipur with advanced equipment including laser cutting systems, casting units, and 3D printing capabilities, enabling complete in-house production from raw materials to finished pieces with enhanced operational efficiency and quality control.
The company maintains a portfolio of approximately 2,000+ jewellery designs as of March 31, 2025, offering Antique, Bridal, Traditional, Contemporary, and Fusion styles across different price ranges and customer segments with customized design processes.
The company sources gold only from authorized bullion suppliers and maintains comprehensive security measures including 24/7 CCTV surveillance, burglar alarms, fire safety systems, and comprehensive insurance coverage against theft, terrorism, and natural disasters.
Risks
The company's raw material costs comprise 99.85% of total cost of materials consumed, with gold, diamond polki, and precious stones representing the primary inputs. The company lacks long-term supplier contracts and sources materials on a spot basis, exposing it to significant price volatility and supply disruptions that could severely impact profitability and operations.
The company's inventory increased dramatically from ₹1,041.67 lakhs in FY2023 to ₹10,723.91 lakhs in FY2025, representing 85.83% of revenue and 85.07% of current assets. Inventory holding days increased from 91 to 199 days, creating substantial working capital requirements and exposure to valuation losses from price fluctuations.
The company operates exclusively from Jaipur with 100% of manufacturing operations and 73-81% of raw material purchases concentrated in this single location. This geographic concentration exposes the company to significant operational disruption risks from natural disasters, civil unrest, or regional economic downturns without backup facilities.
Objectives
The company proposes to utilize funds towards funding its working capital requirements to support business expansion, increased inventory levels, and higher trade receivables in line with anticipated growth in operations and strategic initiatives including retail store development and franchise expansion.
The company intends to repay or prepay all or a portion of borrowings availed from scheduled commercial banks to reduce outstanding indebtedness, debt servicing costs, and improve debt-to-equity ratio for future business development opportunities.
The company will deploy balance funds for general corporate purposes including strategic initiatives, brand building exercises, funding growth opportunities, and ongoing corporate exigencies, subject to not exceeding 25% of gross proceeds.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 29.01 | 67.21 | 140.85 |
| Current Assets | 28.63 | 65.11 | 126.06 |
| Fixed Assets | 0.38 | 2.10 | 14.79 |
| Total Equity & Liabilities | 29.01 | 67.21 | 140.85 |
| Total Liabilities | 10.93 | 34.41 | 82.72 |
| Current Liabilities | 10.77 | 33.75 | 71.61 |
| Non Current Liabilities | 0.17 | 0.66 | 11.11 |
| Total Equity | 18.08 | 32.80 | 58.13 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | 2.44 | 1.28 | -1.22 |
| Investing Activities | -0.07 | -2.02 | -13.26 |
| Operating Activities | -2.77 | -10.49 | -36.98 |
| Financing Activities | 5.28 | 13.79 | 49.02 |
About Advit Jewels
The company is a manufacturer and seller of traditional and contemporary handcrafted fine jewellery based in Jaipur, Rajasthan, specializing in Kundan, Polki, Diamond and Studded pieces under the brand name 'Rambhajo'. The company operates with expertise in craftsmanship and design innovation, offering customized jewellery solutions through both B2B and B2C...more
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Managing DirectorNitin Gilara
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