Bookbuilding IPO | ₹15 Cr | Listed at BSE SME | Mon, Jun 23, 2025 - Thu, Jun 26, 2025
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,28,000 (2,400 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 23, 2025
IPO Close
Thu, Jun 26, 2025
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹56.85 Cr
| IPO Date | 23 to 26 Jun, 2025 |
| Listed on | Tue, Jul 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹95 |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,20,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 84,000 shares Rikhav Securities Ltd. (agg. up to ₹0.7980 Cr) |
| Fresh Issue (Ex Market Maker) | 15,36,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 15,36,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 44,48,360 shares |
| Share Holding Post Issue | 59,84,360 shares |
| BSE Script Code | 544425 |
| ISIN | INE0XRR01010 |
AJC Jewel Manufacturers IPO comprises a total issue size of 16,20,000 shares. The net offer to the public is 15,36,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,56,000 (49.22%) are allocated to QIB, 2,37,600 (15.47%) allocated to NII 5,42,400 (35.31%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 7,56,000 | 49.22% | 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 | 15.47% | 14.67% |
| − bNII > ₹10L | 1,58,400 | 9.78% | |
| − sNII < ₹10L | 79,200 | 4.89% | |
| Retail Shares Offered | 5,42,400 | 35.31% | 33.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.19% | |
| Total Shares Offered | 16,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,28,000 |
| Individual investors (Retail) (Max) | 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 |
AJC Jewel Manufacturers IPO raises ₹4.30 crore from anchor investors. AJC Jewel Manufacturers IPO Anchor bid date is June 20, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 20, 2025 |
| Shares Offered | 4,52,400 |
| Anchor Portion (₹ Cr.) | 4.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jul 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Sep 25, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 7.46 | 4.13 |
| P/E (x) | 12.73 | 23.01 |
| Promoter Holding | 76.85% | 56.33% |
| Market Cap | ₹56.85 Cr. |
The AJC Jewel IPO is subscribed 2.82 times on June 26, 2025 5:04:34 PM (Day 4). The public issue subscribed 2.86 times in the retail category, 3.57 times in the QIB category, and 1.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 3.57 | 3,03,600 | 10,83,600 | 0 |
| NII* | 1.79 | 2,37,600 | 4,26,000 | 0 |
| Retail | 2.86 | 5,42,400 | 15,50,400 | 0 |
| Total | 2.82 | 10,83,600 | 30,60,000 | 828 |
Total Application : 828
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting and marketing commission | 1.48 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.07 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.24 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹99.00 |
| Low | ₹94.05 |
| High | ₹99.00 |
| Last Trade | ₹95.39 |
Lead Manager Reports
AJC Jewel Manufacturers IPO is a SME IPO of 16,20,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jun 23, 2025, and closes on Thu, Jun 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 Mon, Jun 23, 2025 and closes on Thu, Jun 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 Mon, Jun 30, 2025. Check the AJC Jewel Manufacturers IPO allotment status.
The AJC Jewel Manufacturers IPO listing date is on Tue, Jul 1, 2025.
