The IPO of Advit Jewels opened for subscription on Tuesday, with grey market trends indicating strong investor interest. The company's shares commanded a grey market premium (GMP) of around 40% ahead of the issue opening, suggesting a healthy listing gain if sentiment holds.
The SME IPO is being offered at a fixed price of Rs 138 per share and will remain open for subscription from June 23 to June 25. The shares are proposed to be listed on the BSE SME platform on July 1.