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AJC Jewel Manufacturers IPO is a book build issue of ₹15.39 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹15.39 crore.
AJC Jewel Manufacturers IPO bidding started from Jun 23, 2025 and ended on Jun 26, 2025. The allotment for AJC Jewel Manufacturers IPO was finalized on Jun 27, 2025. The shares got listed on BSE SME on Jul 1, 2025.
AJC Jewel Manufacturers IPO price band is set at ₹95.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000.00 (2,400 shares). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,42,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to AJC Jewel Manufacturers IPO RHP for detailed Information.
| IPO Date | June 23, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹95 per share |
| Issue Price Final | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,20,000 shares (aggregating up to ₹15.39 Cr) |
| Reserved for Market Maker | 84,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.7980 Cr) |
| Net Offered to Public | 15,36,000 shares (aggregating up to ₹14.59 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 44,48,360 shares |
| Share Holding Post Issue | 59,84,360 shares |
AJC Jewel Manufacturers IPO offers total 16,20,000 shares. Out of which 7,56,000 (46.67%) allocated to QIB, 3,03,600 (18.74%) allocated to QIB (Ex- Anchor), 2,37,600 (14.67%) allocated to NII, 5,42,400 (33.48%) allocated to RII and 4,52,400 (27.93%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.19%) |
| QIB Shares Offered | 7,56,000 (46.67%) |
| − Anchor Investor Shares Offered | 4,52,400 (27.93%) |
| − QIB (Ex. Anchor) Shares Offered | 3,03,600 (18.74%) |
| NII (HNI) Shares Offered | 2,37,600 (14.67%) |
| − bNII > ₹10L | 1,58,400 (9.78%) |
| − sNII < ₹10L | 79,200 (4.89%) |
| Retail Shares Offered | 5,42,400 (33.48%) |
| Total Shares Offered | 16,20,000 (100.00%) |
AJC Jewel Manufacturers IPO raises ₹4.30 crore from anchor investors. AJC Jewel Manufacturers IPO Anchor bid date is June 20, 2025. AJC Jewel Manufacturers IPO Anchor Investors list
| Bid Date | June 20, 2025 |
| Shares Offered | 4,52,400 |
| Anchor Portion Size (In Cr.) | 4.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 25, 2025 |
AJC Jewel Manufacturers IPO opens on June 23, 2025, and closes on June 26, 2025.
| IPO Open Date | Mon, Jun 23, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 26, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,28,000 |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,28,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,42,000 |
| S-HNI (Max) | 8 | 9,600 | ₹9,12,000 |
| B-HNI (Min) | 9 | 10,800 | ₹10,26,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, AJC Jewel Manufacturers Limited is engaged in the business of jewelry manufacturing specializing in crafting bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children.
The company manufactures finished gold jewelry from raw bullion and consumables, offering a variety of designs for men, women, and children, and sells to dealers, showrooms, corporates, and small shops.
The company operates a 21,780.76 Sq. Ft. leased manufacturing facility in Malappuram, equipped with advanced machinery like 3D printers, casting machines, and polishing equipment for seamless jewelry production.
Products: The company manufactures plain gold, studded gold, named gold, and rose gold jewelry, including rings, pendants, chains, necklaces, anklets, bracelets, bangles, and earrings in 22K and 18K for men, women, and children.
As on February 28, 2025, the company has employed 67 personnel at the Manufacturing Plant and Registered Office.
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 34.28 | 36.73 | 36.00 | 16.42 |
| Total Income | 175.53 | 246.84 | 194.25 | 127.40 |
| Profit After Tax | 1.85 | 3.32 | 2.04 | 1.26 |
| EBITDA | 3.64 | 5.40 | 3.94 | 2.14 |
| Net Worth | 13.90 | 12.04 | 7.12 | 5.08 |
| Reserves and Surplus | 9.45 | 7.60 | 4.28 | 2.24 |
| Total Borrowing | 18.41 | 22.48 | 26.23 | 6.61 |
| Amount in ₹ Crore | ||||
The market capitalization of AJC Jewel Manufacturers IPO is ₹56.85 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34.64% |
| ROCE | 17.47% |
| Debt/Equity | 1.87 |
| RoNW | 27.56% |
| PAT Margin | 1.35% |
| EBITDA Margin | 2.19% |
| Price to Book Value | 3.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.46 | 4.13 |
| P/E (x) | 12.73 | 23.01 |
The Company AJC Jewel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of capital expenditure requirements for purchase of new Equipment by the Company | 2.63 |
| 2 | Repayment/prepayment of all or certain of the borrowings availed of by the Company | 8.90 |
| 3 | General corporate purposes |
[Dilip Davda] AJML is primarily engaged in the business of manufacturing and designing wide range of wholesale gold jewelleries. It marked growth in its top and bottom lines for the last three fiscals. First nine months of FY25 indicates declining trends in its top and bottom lines. Based on its recent financial data, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Post-IPO, small equity base indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | July 1, 2025 |
| BSE Script Code | 544425 |
| NSE Symbol | |
| ISIN | INE0XRR01010 |
| Final Issue Price | ₹95 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹99.00 |
| Low | ₹94.05 |
| High | ₹99.00 |
| Last Trade | ₹95.39 |
AJC Jewel Manufacturers Ltd.
38/227-Z, Inkel Greens Edu City,
Karathode-Konampara Road, Panakkad Village,
Pattarkadavu, Malappuram, Ernad,
Malappuram, Kerala, 676519
Phone: +91 9567916106
Email: investors@ajcjewel.com
Website: https://ajcjewel.com/ab
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
AJC Jewel Manufacturers IPO is a SME IPO of 16,20,000 equity shares of the face value of ₹10 aggregating up to ₹15.39 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on June 23, 2025, and closes on June 26, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AJC Jewel Manufacturers IPO using UPI as a payment gateway. Zerodha customers can apply in AJC Jewel Manufacturers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AJC Jewel Manufacturers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AJC Jewel Manufacturers IPO opens on June 23, 2025 and closes on June 26, 2025.
AJC Jewel Manufacturers IPO lot size is 1200, and the minimum amount required for application is ₹2,28,000, with 2 lots being the minimum application size.
You can apply in AJC Jewel Manufacturers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AJC Jewel Manufacturers IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Monday, June 30, 2025. Check the AJC Jewel Manufacturers IPO allotment status.
The AJC Jewel Manufacturers IPO listing date is on Tuesday, July 1, 2025.
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