AJC Jewel IPO Details
The key details of AJC Jewel Manufacturers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹15.39 Cr |
| Price Range | ₹90 - ₹95 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,400 |
| Investment (cut-off price) | ₹2,28,000 |
| Pre IPO Promotor Holding | 76.85 |
| Post IPO Promotor Holding | 56.33 |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
AJC Jewel IPO Timelines
The IPO process for AJC Jewel Manufacturers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
23/06/2025
Start Date26/06/2025
End Date30/06/2025
Refund Initiation30/06/2025
Credit of Shares to Demat Ac01/07/2025
Listing DateAJC Jewel IPO Lot Size
The AJC Jewel Manufacturers IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹95 per share, requiring a minimum of ₹228,000 for 2 lots (2,400 shares) for retail investors. For HNI investors, the minimum application is 3,600 shares (3 lots) amounting to ₹342,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | ₹2,28,000 |
| Retail Maximum | 2 | 2400 | ₹2,28,000 |
| HNI Minimum | 3 | 3600 | ₹3,42,000 |
AJC Jewel IPO Subscription Status
The subscription status for AJC Jewel Manufacturers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 3.57x | 1.79x | 2.86x | -- | 2.82x |
IPO Performance on Listing Day
On the listing day (July 1, 2025), AJC Jewel Manufacturers made a muted debut on the stock exchange. The stock opened at ₹99, delivering a modest premium of 4.2% over its issue price of ₹95. Throughout the trading session, the stock traded within a narrow range, touching a high of ₹99 and a low of ₹94.05. The shares concluded their first trading day at ₹95.39, closing with a marginal gain of 0.4% over the issue price, reflecting cautious investor sentiment towards this jewellery manufacturing company.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹99.00 | ₹95.39 | ₹99.00 | ₹94.05 |
AJC Jewel IPO Company Financials
AJC Jewel Manufacturers IPO reports robust performance in FY2024 with Total Income of ₹246.84 crores, managing expenses at ₹242.42 crores, and achieving a strong PAT (Profit After Tax) of ₹3.24 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹127.40 | ₹125.65 | ₹1.22 |
| FY 2023 | ₹194.25 | ₹191.39 | ₹1.99 |
| FY 2024 | ₹246.84 | ₹242.42 | ₹3.24 |
| FY 2025 (9 M) | ₹175.53 | ₹173.03 | ₹1.85 |
About Company
AJC Jewel Manufacturers Limited, incorporated in 2018, specializes in the manufacturing of a wide range of gold jewelry including bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children. The company transforms raw gold bullion and consumables into finished jewelry products, offering a diverse catalog of designs. Its clientele includes dealers, showrooms, corporate buyers, and small retailers, indicating a broad market reach across various distribution channels.
Operating from a 21,780.76 sq. ft. leased facility in Malappuram, the company utilizes advanced equipment such as 3D printers, casting machines, and polishing tools to ensure high-quality production. AJC Jewel produces plain gold, studded gold, named gold, and rose gold jewelry in 22K and 18K purity. As of February 28, 2025, the company employs 67 personnel across its manufacturing plant and registered office, supporting its operations and growth in the competitive jewelry manufacturing sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Diamond, Gems and Jewellery | Ashraf P |
Know Before Investing
AJC Jewel IPO Strengths
- AJC Jewel operates a large, fully equipped manufacturing facility in Malappuram, using advanced machinery such as 3D printers, casting machines, and polishing equipment to ensure high-quality production.
- The company employs expert craftsmen and a dedicated quality inspection team, ensuring that every piece of jewelry meets strict quality standards before reaching customers.
- AJC Jewel has its own research and development team, enabling it to innovate and introduce new jewelry designs tailored to customer preferences.
- The company offers a comprehensive selection of jewelry for various occasions, catering to diverse customer needs and preferences.
- Founded by industry veterans, AJC Jewel is built on decades of experience in the jewelry business, providing a strong foundation for growth and credibility.
- AJC Jewel utilizes imported waxing and casting machines, which enhance precision and quality in jewelry manufacturing.
- Since its inception, AJC Jewel has demonstrated consistent growth and operational success in the competitive jewelry manufacturing sector.
AJC Jewel IPO Risks
- The business requires significant working capital for purchasing gold and managing inventory, which can strain liquidity and cash flow.
- Fluctuations in gold prices can impact input costs and profitability, as gold is the primary raw material for jewelry production.
- Revenue may be concentrated among a few dealers and retailers, increasing vulnerability to the loss of any major client.
- The jewelry sector is subject to strict regulations regarding gold sourcing, hallmarking, and taxation, with non-compliance potentially leading to fines or operational disruptions.
- Manufacturing and quality control rely on skilled labor and advanced machinery—any disruptions due to labor issues or equipment failure could impact production and delivery.
Swot Analysis for AJC Jewel IPO
Strengths
Diversified Product Portfolio, Modern Manufacturing Facilities, Wide Distribution Network
Weaknesses
Regional Concentration, Dependence on Gold Prices, Depends on Wholesale Clients
Opportunities
Growing Jewellery Market, Geographic Expansion, Product Innovation
Threats
Gold Price Volatility, Intense Competition, Regulatory Risks
Company Details
AJC Jewel Manufacturers Limited
38/227-Z, Inkel Greens Edu City, Karathode-Konampara Road, Panakkad Village, Pattarkadavu, Malappuram, Ernad, Kerala-676519, India
Phone: +91 9567916106
Email: investors@ajcjewel.com
Website: https://ajcjewel.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of AJC Jewel IPO are:
- Funding of capital expenditure requirements for purchase of new Equipment by the Company
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- General corporate purposes
Smart Horizon Capital Advisors Private Limited is the book-running lead managers for the AJC Jewel IPO.
AJC Jewel Manufacturers IPO shows promising growth potential, supported by strong revenue and profit trends in recent years. The company’s revenue increased from ₹127.40 crore in FY2022 to ₹194.25 crore in FY2023 and further to ₹246.84 crore in FY2024, while net profit rose from ₹1.22 crore in FY2022 to ₹3.24 crore in FY2024, reflecting robust business expansion and improving profitability.
The issue price for the AJC Jewel IPO is set between ₹90 to ₹95 per share.
To invest in one lot of AJC Jewel IPO, you need ₹2,16,000 at the lower price band (₹90 per share) or ₹2,28,000 at the upper price band (₹95 per share) for 2 lot size of 2400 shares.
AJC Jewel IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on July 1, 2025.
Refund/unblocking of funds for AJC Jewel IPO will begin on June 30, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your AJC Jewel IPO shares on listing day (July 1, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.