Advit Jewels IPO Subscription Status Day 1: NII Portion Sees Stronger Interest As Issue Subscribed 0.43x
Authored By HDFC SKY | Last Modified: Jun 23, 2026 11:24 AM IST
Advit Jewels IPO subscribed 0.43x on Day 1, with the NII segment leading demand while QIB bids remained largely absent excluding anchor investors.
Mumbai, June 23: Advit Jewels IPO was subscribed 0.43 times on Tuesday as it opened for subscription. The mainboard public issue opened for bidding on June 23, 2026, and will remain open until June 25, 2026.
The ₹165.16 crore book-built IPO is entirely a fresh issue of 1,19,68,000 equity shares. The company has fixed the price band at ₹130 to ₹138 per share, with investors able to bid for a minimum lot of 100 shares.
Subscription data showed the non-institutional investor segment attracting the highest demand on the opening day, while retail participation remained moderate and QIB bids were yet to gain momentum beyond the anchor allocation.
Advit Jewels IPO Subscription Status Day 1
As of June 23, 2026, the IPO was subscribed 0.43 times overall.
| Category | Subscription (Times) |
| QIB (Ex Anchor) | 0.00x |
| NII | 0.91x |
| Retail Individual Investors | 0.48x |
| Total | 0.43x |
Within the NII segment, the sNII category was subscribed 1.30x, while the bNII category recorded 0.71x subscription.
Retail investors subscribed their reserved portion 0.48x, bidding for 19,96,600 shares against 41,90,000 shares reserved for the category.
The QIB (Ex Anchor) portion stood at 0.00x, with bids received for 1,500 shares against 23,92,600 shares available for institutional investors excluding anchors.
Issue Structure
The IPO comprises a fresh issue of 1,19,68,000 equity shares aggregating up to ₹165.16 crore.
Of the total issue, 59,81,300 shares have been reserved for QIBs, including 35,88,700 shares allotted to anchor investors. The NII category has been allocated 17,96,700 shares, while retail investors have been allotted 41,90,000 shares.
Day-Wise Subscription Trend
| Date | QIB (Ex Anchor) | NII | Retail | Total |
| June 23, 2026 (Day 1) | 0.00x | 0.91x | 0.48x | 0.43x |
The opening day trend indicates stronger interest from non-institutional investors, particularly in the sNII segment, while broader institutional participation may emerge in the remaining days of the bidding period.
Advit Jewels IPO Key Details
- IPO Open Date: June 23, 2026
- IPO Close Date: June 25, 2026
- Price Band: ₹130 to ₹138 per share
- Issue Size: ₹165.16 crore
- Fresh Issue: 1,19,68,000 equity shares
- Lot Size: 100 shares
- Listing Exchanges: BSE and NSE
- Tentative Allotment Date: June 29, 2026
- Tentative Listing Date: July 1, 2026
Anchor Investor Participation
Ahead of the IPO opening, the company allotted 35,88,700 shares to anchor investors at ₹138 per share, aggregating approximately ₹49.52 crore.
The anchor portion accounted for 60% of the QIB allocation, with shares subject to the applicable lock-in requirements.
About Advit Jewels Limited
Advit Jewels Limited is tapping the primary market through a book-built public issue to raise funds via a fresh issue of equity shares. Following the completion of the IPO process, the company’s shares are proposed to be listed on both the BSE and NSE.
Conclusion
Advit Jewels IPO ended Day 1 with overall subscription of 0.43x. Demand was led by the NII segment at 0.91x, while retail participation stood at 0.48x. Investor response over the remaining two days of bidding will determine the final subscription outcome before allotment is finalised.
Source:
- https://www.chittorgarh.net/reports/anchor-investor/advit-jewels-anchor-report.pdf
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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