Investors are tracking their bids today, 29 June 2026, as the allotment for the ₹165.16 crore Advit Jewels IPO becomes official. They diluted their family equity down to 69.88% from their Jaipur office during the book-building phase. Now the official registrar files show the public bidding closed on 25 June 2026 with an overall oversubscription of 212.63%.
But the intense demand from all categories of buyers triggers a computerized lottery for retail bidders. That rate reached 95.30%.
What Are the Immediate Consequences?
The massive influx of fresh capital immediately reorders the balance sheet of the century-old Rambhajo brand heritage. And this financial shift alters their operational structure as they move away from heavy debt dependence. The shift remains massive.
Squeezed operational cash previously fueled their B2B model, which locks up 81.63% of their business in lengthy credit cycles.
Surging debt levels climbed from ₹5.84 crore in FY23 to ₹74.80 crore in FY25, forcing massive interest outlays.
Targeted debt repayment will now absorb ₹65 crore of the fresh issue to restore liquidity at their Jaipur headquarters.
Expanded working capital receives another ₹65 crore to fund upfront gemstone purchases without relying on high-interest bank loans.
So, this targeted capital deployment directly addresses the negative operating cash flows recorded in FY25. Now the firm stabilizes its Jaipur headquarters operations with this fresh institutional backing.
How Can Bidders Verify Their Allotment Status?
Bidders can check their status online today, 29 June 2026, through Bigshare Services, the BSE, or the NSE. They must input their PAN card number or application details directly into the official verification portals. Now Bigshare Services provides three separate web servers to handle the heavy internet traffic smoothly.
And the NSE portal lists the equity under the specific ticker symbol RAMBHAJO. But caution is advised.
What Is the Live Grey Market Premium?
The grey market premium now stabilizes between ₹49 and ₹51 per share. This shadow market price points to an expected listing price of ₹187 to ₹189 on 1 July 2026. Premium levels remain stable.
Yet this premium is lower than the peak of ₹91 recorded on 15 June 2026. Listing gains remain expected. So retail investors could secure 35.5% to 39.9% at debut.
Who Is Accountable for Corporate Governance?
The Gilara family maintains tight administrative control over the jewelry house from their Jamna Lal Bajaj Marg office. They run this traditional business with 111 payroll employees who produce custom Kundan and Polki jewelry.
"The legacy of Rambhajo dates back to 1921, but this capital secures future expansion," Managing Director Nitin Gilara noted. He confirmed that Holani Consultants managed the entire book-building process smoothly as the lead manager. Now the firm prepares for the official listing on the BSE and NSE on 1 July 2026.
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