Advit Jewels Limited has formally informed stakeholders that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). This statement pertains to the quarter ending September 30, 2026, and is in compliance with SEBI LODR Regulations. The company raised ₹165.16 crore through the IPO, which was allotted on June 29, 2026.
Advit Jewels Reports IPO Fund Utilization
Advit Jewels Limited has issued a statement confirming that there has been no deviation or variation in the utilization of proceeds raised from its recent Initial Public Offer (IPO). The disclosure covers the financial quarter that concluded on September 30, 2026.
Regulatory Compliance
This statement is in accordance with Regulation 32(1) of The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”). The company received ₹165.16 crore from the IPO, with the allotment date being June 29, 2026. Advit Jewels Limited, formerly known as Advit Jewels Private Limited, is ensuring full transparency in its financial dealings post-listing.
No Material Changes
The company has provided a detailed statement to the stock exchanges, BSE Limited and the National Stock Exchange of India Limited, confirming that the usage of the IPO funds aligns with the originally proposed objectives. The document is filed in the format prescribed by SEBI Circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026, dated January 30, 2026. The company’s equity shares were listed on July 01, 2026.
Key details from the statement include:
- Name of Listed Entity: Advit Jewels Limited
- Mode of Fund Raising: Public Issue- Initial Public Offer (IPO)
- Date of Raising Fund: June 29, 2026 (date of allotment)
- Amount Raised (in Crores): 165.16
- Report filed for Quarter Ended: September 30, 2026
- Explanation for Deviation/Variation: NA (No deviation)
- Comments of the Audit Committee after review: Nil
- Comments of the Auditors, if any: Nil
The company has indicated that there are no objects for which funds have been raised where a deviation or variation has occurred. The table detailing the utilization of funds for specific objects remains ‘Not Applicable’ due to the absence of any such deviations.
Source: BSE
