Advit Jewels IPO Allotment: How to Check Status and What GMP Signals

Investors on Edge as Advit Jewels IPO Allotment Finalised Today

Following a blockbuster subscription, the investor community is keenly awaiting the finalisation of the share allotment for the Advit Jewels Limited IPO today, June 29, 2026. The public issue, which ran from June 23 to June 25, witnessed overwhelming demand, getting subscribed a staggering 212.63 times. This intense interest, particularly from Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs), has made the allotment process highly competitive, leaving many retail investors anxious about their prospects.

Why the Frenzy? Understanding the IPO's Appeal

Advit Jewels, a Jaipur-based manufacturer of handcrafted fine jewellery under the brand 'Rambhajo', launched its mainboard IPO to raise ₹165.16 crore. The issue consisted entirely of a fresh issue of shares, with the price band fixed at ₹130 to ₹138 per equity share. The company plans to utilise the net proceeds for funding its working capital requirements and for the repayment or pre-payment of certain borrowings, among other general corporate purposes.

The IPO garnered significant attention due to the company's strong financial performance and the robust demand for Indian handcrafted jewellery. The issue was oversubscribed 536.38 times in the NII category, 174.98 times in the QIB category, and a healthy 95.30 times in the retail individual investor (RII) portion. This massive subscription indicates strong investor confidence in the company's business model and future growth prospects.

How to Check Your Allotment Status: A Step-by-Step Guide

Investors who participated in the IPO can check their allotment status through three primary channels: the official registrar's website, and the websites of the stock exchanges (BSE and NSE). The official registrar for the Advit Jewels IPO is Bigshare Services Pvt Ltd.

1. Visit the Bigshare Services IPO allotment portal: `https://ipo.bigshareonline.com/ipo_status.html`
2. Select "Advit Jewels Limited" from the dropdown menu of company names. Note that the name will only appear once the allotment is finalised.
3. Enter any one of the following details: your PAN number, your Application Number, or your DP/Client ID.
4. Complete the captcha verification for security.
5. Click the "Search" or "Submit" button to view your allotment status on the screen.

1. Go to the official BSE website for allotment status: `https://www.bseindia.com/investors/appli_check.aspx`
2. Under the 'Issue Type' heading, select 'Equity'.
3. From the 'Issue Name' dropdown, choose "Advit Jewels Limited".
4. Enter either your IPO Application Number or your PAN.
5. Complete the captcha and click 'Search'.

1. Visit the NSE's IPO allotment status page: `https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp`
2. If you are a new user, you may need to register with your PAN.
3. Log in using your credentials.
4. Select Advit Jewels from the dropdown and enter your application number.
5. Submit the details to see the allotment status.

Successful allottees will also typically receive an SMS or email confirmation from the registrar or depository participant.

What the Grey Market Premium (GMP) Suggests

The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and potential listing gains. As of today, the GMP for Advit Jewels is reported to be around ₹49 to ₹51 per share. Based on the upper price band of ₹138, this suggests a potential listing price of around ₹187 to ₹189, translating to a listing gain of approximately 35-40%.

However, it's crucial to note that the GMP is not an official or guaranteed figure. It has fluctuated, having been as high as ₹91 earlier. While it reflects positive market sentiment, the actual listing price will be determined by market forces on the listing day.

What Happens Next?

For those who receive an allotment, the shares are expected to be credited to their demat accounts by Tuesday, June 30. For unsuccessful applicants, the process of initiating refunds will also begin on the same day. The shares of Advit Jewels are scheduled to make their stock market debut on both the BSE and NSE on Wednesday, July 1, 2026.

The bottom line

The overwhelming response to the Advit Jewels IPO highlights a strong appetite in the primary market for fundamentally sound companies. For the thousands of applicants, the immediate focus is on the allotment outcome. Whether one secures shares or not, the journey of Advit Jewels as a listed entity will be closely watched, starting with its market debut on July 1.