Advit Jewels IPO: Issue received solid response on Day 01, booked 11.3 times; GMP signals bumper listing (opens original article in a new tab)

Advit Jewels' IPO saw strong demand with 11.28 times subscription on Day 1, retail investors showing highest interest, and grey market premium suggesting a potential 47% listing premium.

• Advit Jewels' IPO received 11.28 times subscription on Day 1 with retail segment subscribed 27 times.
• GMP of ₹64 per share indicates potential 47% premium on listing at ₹202 per share.
• IPO values at ₹165.16 crore with 1.20 crore equity shares issued, proceeds allocated for working capital and debt repayment.