Advit Jewels
Advit Jewels Limited is a distinguished manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, Diamond, and studded pieces. The brand Rambhajo traces its heritage back to 1921, when Late Shri Kishan Gilara established the original jewellery business in Jaipur. With decades of expertise in artisanal craftsmanship and a deep understanding of evolving customer preferences, Rambhajo seamlessly blends age-old techniques with modern design sensibilities. Each piece is thoughtfully crafted to embody timeless elegance while reflecting rich cultural heritage, appealing to both classic and contemporary tastes. A hallmark of Rambhajo’s approach is its emphasis on design innovation and customization. The brand offers clients the flexibility to personalize jewellery based on individual preferences, cultural significance, and market trends. Its diverse portfolio ranges from bridal collections
High quality fundamentals with reasonable valuation
Plain-English Summary✨
What does the company do?
Advit Jewels IPO is open for subscription with a price band of 130-138. The company is a manufacturer and seller of traditional and contemporary handcrafted fine jewellery.
Why are investors interested?
The company's financials indicate a strong revenue growth and decent profit margins, but the debt-equity ratio is a concern.
What should beginners watch out for?
Some key data points such as face value, issue type, and pre-issue shares are missing, which may impact the analysis.
Key IPO Metrics
GMP Today
+36.2%
Total Subscription
Overall demand
Retail Subscription
Retail Queue
QIB Subscription
Institutional Queue
NII (HNI) Subscription
Non-Institutional
Anchor Book
Subscribed
Business Overview
About the Company
Advit Jewels Limited is a distinguished manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, Diamond, and studded pieces. The brand Rambhajo traces its heritage back to 1921, when Late Shri Kishan Gilara established the original jewellery business in Jaipur. With decades of expertise in artisanal craftsmanship and a deep understanding of evolving customer preferences, Rambhajo seamlessly blends age-old techniques with modern design sensibilities. Each piece is thoughtfully crafted to embody timeless elegance while reflecting rich cultural heritage, appealing to both classic and contemporary tastes. A hallmark of Rambhajo’s approach is its emphasis on design innovation and customization. The brand offers clients the flexibility to personalize jewellery based on individual preferences, cultural significance, and market trends. Its diverse portfolio ranges from bridal collections
Industry
Jewellery
High growth industry driven by energy transition and carbon mitigation.
Business Segments (FY24)
Objects of the Issue
Promoters
Promoters group
Promoter Group holds 72.21% of pre-issue capital.
Lead Managers
Registrar
Financials & Performance(Standalone)
Revenue (₹ Cr)
CAGR 63.7%PAT (₹ Cr)
CAGR 56.3%EBITDA Margin (%)
ImprovingDebt / Equity (x)
Strong DeleveragingROCE (%)
Healthy Trend| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY23 | ₹46.60 Cr | 27.40% | ₹10.39 Cr | 53.02% | 57.47% | 0.32x |
| FY24 | ₹69.44 Cr | 27.29% | ₹14.71 Cr | 35.41% | 44.85% | 0.60x |
| FY25 | ₹124.94 Cr | 29.73% | ₹25.37 Cr | 27.48% | 43.64% | 1.29x |
Valuation & Peer Comparison
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Advit Jewels (IPO) | 17.42x | 43.64% | 79.9% | 29.7% | -- |
| Bluestone Jewellery | -- | -- | -- | -- | ₹10,620 Cr |
| Goenka Diamond | -- | -- | -- | -- | ₹818.1 Cr |
| Kalyan Jewellers | -- | -- | -- | -- | ₹11,033.4 Cr |
| Manoj Vaibhav | -- | -- | -- | -- | ₹3,053.34 Cr |
| Motisons Jewellers | -- | -- | -- | -- | ₹520.32 Cr |
| P N | 42.2x | -- | -- | -- | ₹9,166.425 Cr |
| PC Jeweller | 10.3x | -- | -- | -- | ₹5,567.1 Cr |
| PNGS Reva | 15.37x | -- | -- | -- | ₹470.13 Cr |
| RBZ Jewellers | 34.04x | -- | -- | -- | ₹376.35 Cr |
| Renaissance Jewellery | 7.97x | -- | -- | -- | ₹547.5 Cr |
| Senco Gold | 14.85x | -- | -- | -- | ₹6,116.1 Cr |
| Shanti Gold | 25.69x | -- | -- | -- | ₹1,067.145 Cr |
| Shringar House | 26.04x | -- | -- | -- | ₹2,144.715 Cr |
| Thangamayil Jewellery | -- | -- | -- | -- | ₹628.29 Cr |
| Tribhovandas Bhimji | 21.86x | -- | -- | -- | ₹2,234.745 Cr |
Why this IPO looks good
- The company has a strong brand presence with a heritage of over 100 years.
- It has a diverse portfolio of products and offers customization options to clients.
- The company has shown consistent revenue growth over the years.
Demand & Momentum
Subscription Trend (Times)
GMP Trend
GMP Trend (₹)
Documents
AI Research Q&A
Who is this IPO suitable for?
Ideal for investors who:
- Believe in India's renewable energy growth story
- Have a medium to long-term investment horizon
- Are comfortable with moderate to high risk appetite