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Advit Jewels IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

Advit Jewels listed at +37.7% against its issue price of ₹138. The book is 212.63 times subscribed overall. The grey market premium is +₹50 (+35.9%), which is an informal figure and not a quoted price. Our call is Apply, on 88% of our checks.

Segment: Mainboard
Price: ₹138
Lot size: 100 shares
One lot costs: ₹13,800
Issue size: ₹165 Cr
Grey market premium: +₹50 (+35.9%)
Subscribed: 212.63x
Listed at: +37.7%
Our call: Apply

What we checked

Profitable in the latest yearPAT ₹25.44 Cr
Profit grew year on yearPAT +0%
Revenue grew year on yearRevenue -1%
Margin not collapsingPAT margin 20.3% vs 20.6%
Borrowing under half of net worthDebt/net worth 0.78
Return on net worth above 15%RoNW 43.6%
Post-issue P/E under 40P/E 18.6
Price to book under 6P/B 7.6
Majority is fresh capital100% fresh issue
Promoters keep at least half69.9% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered212.6× overall

3 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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