National News
Advit Jewels IPO To Open On June 23, Issue Size Of Rs. 165.16 Crores
The IPO Price Band Is Set Between Rs. 130 and Rs. 138 Per Share
Advit Jewels Ltd. is launching its Initial Public Offering (IPO) with an issue size of Rs. 165.16 crores. The bidding window for Advit Jewels IPO will be open from 23 June to 25 June 2026, for public subscription.
The company had filed its draft red herring prospectus (DRHP) in September, 2025, announcing its IPO plans.
The jewellery manufacturer plans to list its shares on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara are the promoters of the company.
Advit Jewels Ltd is engaged in the design, manufacturing, and trading of gold, diamond, and silver jewellery. The company offers a diverse collection of ornaments catering to both traditional and contemporary tastes, serving customers through wholesale and retail channels across India.
Advit Jewels IPO will be a book-build issue of Rs. 165.16 crores, consisting entirely of a fresh issue of 1.20 crore shares. The IPO price band is set between Rs. 130 and Rs. 138 per share. The lot size for an application is 100 shares. The minimum investment required for a retail individual investor (RII) is Rs. 13,800 (100 shares), based on the upper price.
National News
Kantilal Jewellers, Launches Flagship Showroom At Vastrapur, Ahmedabad
Marking Its First Expansion Outside Surat, The Massive Three-Story Space Is The Brand’s Largest Retail Destination To Date.
Surat-based Kantilal Jewellers, a legacy brand established in 1948, has expanded beyond its home base with the launch of a 28,000 sq. ft. flagship showroom at Keshavbaug Capital, Vastrapur, Ahmedabad.
Marking its first expansion outside Surat, the massive three-story space is the brand’s largest retail destination to date.
Palatial Architectural Concept: The store design takes inspiration from Jodhpur Palace, featuring Jharokha-style screens, marble passageways, domed skylights, chandelier lounges, and a central atrium linking all three levels.
Experiential Studio Retail: Departing from traditional counters, the showroom offers private studio spaces, VIP viewing areas, and dedicated experience centers.
Ambient Luxury: The shopping experience is elevated by live sitar and guitar performances alongside personalized consultation lounges.
Product Offering: The flagship showcases the brand’s signature gold, diamond, and bridal collections tailored for the Ahmedabad market.
Led by Director Jinay Choksi, this flagship rollout is a strategic move to establish a distinct, experiential luxury footprint across major Gujarat markets while preserving the heritage of the Kantilal brand.
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