Advit Jewels IPO: GMP shows nearly 50% listing pop; key details of ₹165 crore public issue in 10 points (opens original article in a new tab)

Advit Jewels' IPO is set to open on 23 June, aiming to raise ₹165 crore with a 50% grey market premium, using proceeds for working capital and debt repayment, while showing increasing profits over recent years.

• Advit Jewels' IPO aims to raise ₹165 crore with a 50% grey market premium
• The IPO opens for subscription on 23 June and closes on 25 June
• The company plans to use proceeds for working capital and debt repayment
• Financial performance shows increasing profits from ₹10.39 crore to ₹25.44 crore