Jaipur-based handcrafted jewellery brand Advit Jewels has seen a strong start to its public issue, with investor demand picking up sharply from Day 1. Within the initial hours of bidding, the IPO was subscribed 6.75 times against a total offer of 83.79 lakh shares, driven by strong interest from retail and non-institutional investors.
The IPO is commanding a strong grey market premium (GMP) of around 47%, indicating a potential listing price of nearly Rs 202 per share versus the upper price band of Rs 138. This points to upbeat sentiment and strong listing expectations.
