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The Economic Times
The Economic Times
Business
Ritesh Presswala

Advit Jewels IPO Day 2: Issue subscribed over 20x, GMP signals 41% listing gains. Should you bid?

Jaipur-based handcrafted jewellery brand Advit Jewels was subscribed 20.49 times on the second day of bidding as of 11:43 am, against a total offer of 83.79 lakh shares. The retail segment led the demand, with a subscription of 19.54 times, underscoring strong participation from individual investors.

The IPO is commanding a grey market premium (GMP) of around 41%, reflecting strong investor appetite.

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