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Advit Jewels IPO Day 2: GMP signals 41% listing gains; should you subscribe?

Advit Jewels IPO has shown strong investor interest on Day 2 of bidding, with a grey market premium (GMP) of approximately 41%, suggesting potential gains upon listing. The issue has been oversubscribed by more than 11 times, primarily driven by retail and non-institutional investors. The funds raised will be utilized for working capital, debt repayment, and corporate expansion, highlighting the IPO's significance in enhancing the company's financial stability and growth prospects.