Advit Jewels IPO Subscription Status Day 2: NII Demand Surges, Issue Booked 19.83 Times

Mumbai, June 24: Advit Jewels IPO witnessed robust investor interest on the second day of bidding on Wednesday, with strong participation across investor categories pushing the issue close to the 20-times subscription mark. The ₹165.16 crore public issue was subscribed 19.83 times by 11:43 AM on June 24, reflecting a sharp jump from Day 1 levels.

The momentum was led by non-institutional investors, where demand significantly outpaced the shares reserved for the category. Retail investors also continued to bid aggressively, while the Qualified Institutional Buyers (QIB) segment moved into positive territory with subscriptions exceeding one time.

The public issue received bids for 16.61 crore shares against 83.79 lakh shares available for subscription, indicating broad-based interest from both high-net-worth and retail investors.

Advit Jewels IPO Subscription Status Day 2

According to exchange data available on June 24, the NII category emerged as the biggest contributor to demand, attracting bids worth more than 46 times the shares reserved for the segment. Within the category, small NIIs showed particularly strong participation.

The category-wise subscription stood as follows:

The issue had received bids for 16,61,37,200 shares against 83,79,300 shares on offer by the time of reporting.

NII Investors Take Centre Stage

The standout feature of Day 2 has been the extraordinary response from non-institutional investors. The NII portion was subscribed 46.71 times, while the sNII category surged to 69.07 times.

Such subscription levels indicate aggressive participation from affluent investors and traders looking to secure allotment ahead of the issue’s closing day.

Demand from bNII investors was also strong at 35.59 times, highlighting broad interest across both sub-categories of the NII segment.

Retail Demand Remains Strong

Retail participation remained equally impressive. The retail quota was subscribed 18.97 times on Day 2, up sharply from 11.74 times on the opening day.

The category received bids for 7.94 crore shares against 41.90 lakh shares reserved for retail investors, underscoring strong enthusiasm among individual applicants.

Meanwhile, the QIB portion, excluding anchor investors, stood at 1.14 times, indicating that institutional participation had also begun to build.

Day-Wise Subscription Trend

Investor demand strengthened significantly on the second day of bidding.

The overall subscription rose from 11.30 times on Day 1 to 19.83 times on Day 2, reflecting sustained investor appetite for the issue.

Advit Jewels IPO Details

Advit Jewels IPO is a book-built public issue aggregating up to ₹165.16 crore. The issue consists entirely of a fresh issue of 1,19,68,000 equity shares.

The price band has been fixed at ₹130 to ₹138 per share.

Investors can bid for a minimum lot of 100 shares. At the upper price band, retail investors are required to invest ₹13,800 for one lot.

Issue Structure

• Fresh Issue: 1,19,68,000 equity shares aggregating up to ₹165.16 crore

Advit Jewels IPO Reservation Details

The allocation structure of the issue is as follows:

• QIB Portion: 59,81,300 shares (49.98%)
• NII Portion: 17,96,700 shares (15.01%)
• Retail Portion: 41,90,000 shares (35.01%)

Ahead of the IPO opening, 35,88,700 shares were allotted to anchor investors.

Advit Jewels IPO Timeline

• IPO Opens: June 23, 2026
• IPO Closes: June 25, 2026
• Expected Allotment: June 29, 2026
• Refund Initiation: June 30, 2026
• Credit of Shares: June 30, 2026
• Tentative Listing Date: July 1, 2026

About Advit Jewels

Advit Jewels is engaged in the jewellery business and operates under the Rambhajo brand. The company is raising funds through the IPO to support its business expansion plans and strengthen its operational capabilities.

Conclusion

Advit Jewels IPO has emerged as one of the strongest-performing public issues currently open for subscription, with demand nearing 20 times on Day 2 itself. The sharp jump in NII participation, coupled with strong retail interest and improving QIB demand, has significantly strengthened the book. Investors will now watch whether the issue can build further momentum as bidding enters its final phase before closing on June 25.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/advit-jewels-anchor-report.pdf