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…

Turtlemint IPO ends with 1.2x subscription, QIBs lead demand

Turtlemint Fintech Solutions’ ₹883-crore IPO saw robust demand, closing Tuesday with a 1.20 times subscription. Qualified Institutional Buyers led the charge, subscribing 1.59 times, while retail investors showed keen interest at 1.07 times. Despite a slower uptake from Non-Institutional Investors, the overall response indicates a positive market reception for the fintech firm’s public offering.

Mega IPO wave set to sweep Dalal Street as July listings gather pace

India’s IPO market is poised for a strong comeback in July, with over a dozen companies planning to raise approximately ₹45,000 crore. Major offerings from SBI Funds Management, Manipal Health Enterprises, and Zepto are leading the charge. Favorable market conditions, robust domestic investor participation, and easing global uncertainties are fueling this resurgence, signaling a positive…