Jaipur’s Advit Jewels IPO is off to a flying start, oversubscribed 2.3 times on Day 1, with strong retail investor interest. The grey market signals a potential 47% listing gain. The Rs 165 crore issue will fund working capital and debt repayment. The handcrafted jewellery maker, operating under the Rambhajo brand, aims for a July 1 stock market debut.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets