Advit Jewels' initial public offering (IPO) allotment is scheduled to be finalised today, June 29, following a subscription period from June 23 to June 25. The mainboard IPO attracted significant investor interest, becoming one of the most subscribed IPOs in 2026, with a grey market premium of ₹51, according to livemint.com.
The IPO received an overall subscription of 212.63 times, driven primarily by Non-Institutional Investors (NIIs), whose reserved quota was oversubscribed by 536.38 times. Qualified Institutional Buyers (QIBs) also showed strong demand, subscribing 174.98 times. Retail investors contributed to the remaining subscription levels, reflecting widespread market enthusiasm for the issue, as reported by livemint.com.
This level of oversubscription places Advit Jewels among the top IPOs in India for the year, highlighting robust investor appetite in the jewellery sector. The strong performance contrasts with other recent IPOs that have seen more muted demand, underscoring the company's appeal and the sector's resilience. The grey market premium of ₹51 indicates positive aftermarket sentiment ahead of the allotment finalisation, per livemint.com.
Investors can check their allotment status following the finalisation today. The company’s listing date and further market performance will provide additional insights into the IPO’s success and investor confidence in Advit Jewels, according to livemint.com.