Advit Jewels IPO Day 2: GMP signals 41% listing gains; should you subscribe? (opens original article in a new tab)

Advit Jewels' IPO saw strong demand with a 41% grey market premium, and the issue was subscribed 11.18 times on Day 1, with retail investors leading the subscription.

• Advit Jewels IPO has a grey market premium of 41%, indicating strong investor interest.
• The IPO was subscribed 11.18x with retail investors leading at 11.55x.
• The company plans to use IPO proceeds for working capital, debt repayment, and corporate purposes.