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AJC Jewel Manufacturers IPO vs Dar Credit IPO

Comparison between AJC Jewel Manufacturers IPO and Dar Credit IPO.

IPO Details

AJC Jewel Manufacturers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Dar Credit IPO is a SME Bookbuilding proposed to list at NSE SME.

 AJC Jewel Manufacturers IPODar Credit IPO
LogoAJC Jewel Manufacturers IPO LogoDar Credit IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.SMC Global Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AJC Jewel Manufacturers IPO is up to ₹14.59 Cr whereas the issue size of the Dar Credit IPO is up to ₹24.36 Cr. The final issue price of AJC Jewel Manufacturers IPO is ₹95.00 per share and of Dar Credit IPO is ₹60.00 per share.

 AJC Jewel Manufacturers IPODar Credit IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share₹57.00 per share
Issue Price (Upper)₹95.00 per share₹60.00 per share
Issue Price (Final)₹95.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size15,36,000 shares40,60,000 shares
Fresh Issue Size (Amount)up to ₹14.59 Crup to ₹24.36 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,36,000 shares40,60,000 shares
Issue Size Total (Amount)up to ₹14.59 Crup to ₹24.36 Cr

IPO Timetable

AJC Jewel Manufacturers IPO opens on Jun 23, 2025, while Dar Credit IPO opens on May 21, 2025. The closing date of AJC Jewel Manufacturers IPO and Dar Credit IPO is Jun 26, 2025, and May 23, 2025, respectively.

 AJC Jewel Manufacturers IPODar Credit IPO
Anchor Bid DateJun 20, 2025May 20, 2025
Issue OpenJun 23, 2025May 21, 2025
Issue CloseJun 26, 2025May 23, 2025
Basis Of Allotment (Tentative)Jun 27, 2025May 26, 2025
Initiation of Refunds (Tentative)Jun 30, 2025May 27, 2025
Credit of Share (Tentative)Jun 30, 2025May 27, 2025
Listing date (Tentative)Jul 01, 2025May 28, 2025
Anchor Lockin End date 1Jul 27, 2025Jun 25, 2025
Anchor Lockin End date 2Sep 25, 2025Aug 24, 2025

Financials & KPIs

AJC Jewel Manufacturers IPO P/E ratio is 12.73, as compared to Dar Credit IPO P/E ratio of 15.12.

 AJC Jewel Manufacturers IPODar Credit IPO
Financials

AJC Jewel Manufacturers Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets34.2836.7336.0016.42
Total Income175.53246.84194.25127.40
Profit After Tax1.853.322.041.26
EBITDA3.645.403.942.14
Net Worth13.9012.047.125.08
Reserves and Surplus9.457.604.282.24
Total Borrowing18.4122.4826.236.61
Amount in ₹ Crore

Dar Credit and Capital Limited Financial Information (Restated Standalone)

Period Ended31 Dec 202431 Mar 202431 Mar 2023
Assets221.60235.82187.27
Total Income31.0333.0125.57
Profit After Tax4.923.972.93
Net Worth69.6765.2561.78
Reserves and Surplus60.5256.1052.63
Total Borrowing145.89165.58120.45
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)76.8598.47
Promoter Shareholding (Post-Issue)56.33
P/E Ratio12.7315.12
Market Cap₹56.85 Cr.₹85.66 Cr.
ROE34.64%6.17%
ROCE17.47%9.22%
Debt/Equity1.872.51
EPS₹7.46₹3.97
RoNW27.56%6.08%

Shares Offered

In the AJC Jewel Manufacturers IPO Retail Individual Investors (RII) are offered 5,42,400 shares while in Dar Credit IPO retail investors are offered 5,42,400 shares. Qualified Institutional Buyers (QIB) are offered 3,03,600 shares in AJC Jewel Manufacturers IPO and 8,12,000 shares in Dar Credit IPO.

 AJC Jewel Manufacturers IPODar Credit IPO
Anchor Investor Reserveration4,52,400 shares12,16,000 shares
Market Maker Reserveration84,000 shares2,16,000 shares
QIB3,03,600 shares8,12,000 shares
NII2,37,600 shares6,10,000 shares
RII5,42,400 shares14,22,000 shares
Employee0 shares
Others
Total15,36,000 shares40,60,000 shares

Bids Received (Subscription)

AJC Jewel Manufacturers IPO subscribed 2.82x in total, whereas Dar Credit IPO subscribed 106.09x.

 AJC Jewel Manufacturers IPODar Credit IPO
QIB (times)3.57x31.29x
NII (times)1.79x208.45x
Big NII (times)
Small NII (times)
RII (times)2.86x104.88x
Employee (times)
Other (times)
Total (times)2.82x106.09x