Advit Jewels IPO opens today. Check brokerages review, GMP, subscription and other details (opens original article in a new tab)

Advit Jewels IPO opens today with a 40% grey market premium, aiming to raise Rs 165 crore for debt reduction and working capital.

• Advit Jewels IPO opens for subscription from June 23-25 at Rs 138 per share
• Grey market premium of 40% indicates strong investor interest in the IPO
• Proceeds from IPO will be used for debt repayment, working capital, and corporate purposes
• Equivision rates the IPO as 'Subscribe' with risks including gold price dependence and customer concentration