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AJC Jewel Manufacturers IPO vs Mayasheel Ventures IPO

Comparison between AJC Jewel Manufacturers IPO and Mayasheel Ventures IPO.

IPO Details

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

 AJC Jewel Manufacturers IPOMayasheel Ventures IPO
LogoAJC Jewel Manufacturers IPO LogoMayasheel Ventures IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerRikhav Securities Ltd.Prabhat Financial Services 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 Mayasheel Ventures IPO is up to ₹25.92 Cr. The final issue price of AJC Jewel Manufacturers IPO is ₹95.00 per share and of Mayasheel Ventures IPO is ₹47.00 per share.

 AJC Jewel Manufacturers IPOMayasheel Ventures IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share₹44.00 per share
Issue Price (Upper)₹95.00 per share₹47.00 per share
Issue Price (Final)₹95.00 per share₹47.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1200 shares3000 shares
Fresh Issue Size15,36,000 shares55,14,000 shares
Fresh Issue Size (Amount)up to ₹14.59 Crup to ₹25.92 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,36,000 shares55,14,000 shares
Issue Size Total (Amount)up to ₹14.59 Crup to ₹25.92 Cr

IPO Timetable

AJC Jewel Manufacturers IPO opens on Jun 23, 2025, while Mayasheel Ventures IPO opens on Jun 20, 2025. The closing date of AJC Jewel Manufacturers IPO and Mayasheel Ventures IPO is Jun 26, 2025, and Jun 24, 2025, respectively.

 AJC Jewel Manufacturers IPOMayasheel Ventures IPO
Anchor Bid DateJun 20, 2025Jun 19, 2025
Issue OpenJun 23, 2025Jun 20, 2025
Issue CloseJun 26, 2025Jun 24, 2025
Basis Of Allotment (Tentative)Jun 27, 2025Jun 25, 2025
Initiation of Refunds (Tentative)Jun 30, 2025Jun 26, 2025
Credit of Share (Tentative)Jun 30, 2025Jun 26, 2025
Listing date (Tentative)Jul 01, 2025Jun 27, 2025
Anchor Lockin End date 1Jul 27, 2025Jul 26, 2025
Anchor Lockin End date 2Sep 25, 2025Sep 24, 2025

Financials & KPIs

AJC Jewel Manufacturers IPO P/E ratio is 12.73, as compared to Mayasheel Ventures IPO P/E ratio of 6.74.

 AJC Jewel Manufacturers IPOMayasheel Ventures 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

Mayasheel Ventures Limited Financial Information (Restated)

Mayasheel Ventures Limited's revenue increased by 31% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets99.1092.5679.03
Total Income172.05131.14127.10
Profit After Tax11.336.514.75
Net Worth28.8424.0918.06
Reserves and Surplus12.590.000.00
Total Borrowing34.0635.0533.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)76.8591.97
Promoter Shareholding (Post-Issue)56.3367.76
P/E Ratio12.736.74
Market Cap₹56.85 Cr.₹103.64 Cr.
ROE34.64%42.83%
ROCE17.47%28.62%
Debt/Equity1.871.60
EPS₹7.46₹6.98
RoNW27.56%42.83%

Shares Offered

In the AJC Jewel Manufacturers IPO Retail Individual Investors (RII) are offered 5,42,400 shares while in Mayasheel Ventures 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 11,04,000 shares in Mayasheel Ventures IPO.

 AJC Jewel Manufacturers IPOMayasheel Ventures IPO
Anchor Investor Reserveration4,52,400 shares16,50,000 shares
Market Maker Reserveration84,000 shares2,91,000 shares
QIB3,03,600 shares11,04,000 shares
NII2,37,600 shares8,28,000 shares
RII5,42,400 shares19,32,000 shares
Employee
Others
Total15,36,000 shares55,14,000 shares

Bids Received (Subscription)

AJC Jewel Manufacturers IPO subscribed 2.82x in total, whereas Mayasheel Ventures IPO subscribed 232.73x.

 AJC Jewel Manufacturers IPOMayasheel Ventures IPO
QIB (times)3.57x98.14x
NII (times)1.79x715.75x
Big NII (times)
Small NII (times)
RII (times)2.86x102.63x
Employee (times)
Other (times)
Total (times)2.82x232.73x