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
Gold Gains Rs 85 On MCX; Silver Jumps Rs 2,033 On Softer US Inflation Data
Gold Recovered After Opening On A Weak Note, While Silver Extended Its Gains. In International Markets, Gold Eased After Opening Firm, Whereas Silver Continued To Trade Higher.
Gold and silver futures traded higher in the domestic market on Monday, supported by softer US inflation data, declining crude oil prices and easing expectations of further interest-rate hikes by the US Federal Reserve.
Gold recovered after opening on a weak note, while silver extended its gains. In international markets, gold eased after opening firm, whereas silver continued to trade higher.
On the Multi Commodity Exchange (MCX), the benchmark October gold contract opened at Rs 1,51,793 per 10 grams, down Rs 27 from its previous close of Rs 1,51,820. The contract later recovered and was trading at Rs 1,51,905 per 10 grams, up Rs 85. During the session, it touched a high of Rs 1,51,947 and a low of Rs 1,51,461.
Silver futures opened higher, with the benchmark September contract starting at Rs 2,31,799 per kg, up Rs 333 from the previous close of Rs 2,31,466. The contract subsequently climbed to Rs 2,33,499 per kg, recording a gain of Rs 2,033. It touched an intraday high of Rs 2,33,618 and a low of Rs 2,31,660.
In the global market, gold was trading near $4,400 per ounce on Comex, while silver was quoted at around $63.70 per ounce.
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