Advit Jewels IPO: Issue booked 213 times on Day 03; NII, QIB portions see huge demand, GMP signals 38% premium (opens original article in a new tab)

Advit Jewels' IPO saw massive demand, with the issue oversubscribed 213 times on the final day, and a grey market premium suggesting a 38% listing premium.

• Advit Jewels' IPO was oversubscribed 213 times on Day 03 with strong demand across all investor categories.
• NII portion was oversubscribed 536 times and QIB segment 175 times, with GMP indicating a 38% premium on listing.
• The IPO aims to raise ₹165.16 crore for working capital, debt repayment, and corporate purposes, with a price band of ₹130-138 per share.