Advit Jewels IPO booked over 6.5x on Day 1 so far; all categories oversubscribed; GMP signals 47% listing gains

Jaipur's Advit Jewels is experiencing a robust IPO debut, with investor demand surging on day one, leading to a 6.75 times subscription. The handcrafted jewellery firm's public issue is attracting significant interest from retail and non-institutional investors, bolstered by a strong grey market premium. Proceeds will bolster working capital and reduce debt, aiming for enhanced financial agility and growth.