AJC Jewel Manufacturers Limited, based in Malappuram, Kerala, is a prominent player in the jewelry manufacturing sector with a focus on crafting bracelets, bangles, rings, and customized ornaments. Established in 2018, the company has quickly gained recognition for its quality products and client-centric approach, serving both Indian and international markets, including the UAE. The AJC Jewel Manufacturers IPO is set to open from June 23 to June 26, 2025, aiming to raise up to ₹14.59 crore with a price band of ₹90 – ₹95 per share.
₹5
₹95
₹99.00
Expert Opinions
Market sentiment around AJC Jewel IPO is generally positive, reflecting the company’s steady financial growth and strong presence in the gold jewelry manufacturing sector. The company’s key strengths include an extensive product range, in-house design and manufacturing capabilities, and a well-established dealer network both in India and the UAE. However, risks remain, such as high dependence on a few key customers, exposure to gold price volatility, and operational risks due to leased facilities and working capital intensity.
For FY 2024, AJC Jewel Manufacturers IPO posted a robust Return on Equity (ROE) of 34.64%, Return on Capital Employed (ROCE) of 17.47%, and a Net Asset Value (NAV) of ₹26.73, indicating efficient capital use and strong profitability. From a long-term investment perspective, AJC Jewel’s consistent growth, sector tailwinds, and expansion plans offer potential, though investors should remain mindful of operational and sector-specific challenges.
Investor Considerations
AJC Jewel Manufacturers IPO has shown consistent revenue growth, reaching ₹246.84 crore in FY 2024, supported by a diverse product portfolio and strong dealer network. The Indian jewelry sector remains resilient, with steady demand for gold ornaments and increasing export opportunities. The AJC Jewel IPO valuation reflects a Price to Book Value of 3.18, a PAT margin of 1.35%, and a Debt/Equity ratio of 1.87, indicating moderate leverage and modest profitability.
Growth prospects are positive due to the company’s focus on design innovation and expansion into new markets. However, risks include high working capital requirements, gold price volatility, and customer concentration. For investors, AJC Jewel may appeal to those seeking short-term listing gains or long-term participation in the jewelry sector’s growth, but careful consideration of financial fundamentals and sector-specific risks is essential before investing.
| Date | GMP | Trend |
|---|---|---|
| 29 Jun 2025 10.52 | ₹5 | --- |
| 28 Jun 2025 13.48 | ₹5 | --- |
| 27 Jun 2025 13.23 | ₹5 | --- |
| 26 Jun 2025 11.25 | ₹5 | Down |
| 25 Jun 2025 14.35 | ₹10 | --- |
| 24 Jun 2025 11.07 | ₹10 | --- |
| 23 Jun 2025 10.38 | ₹10 | --- |
| 21 Jun 2025 10.52 | ₹10 | --- |
| 20 Jun 2025 10.38 | ₹10 | --- |
| 19 Jun 2025 11.48 | ₹10 | --- |
| 18 Jun 2025 10.37 | ₹10 | --- |
| 17 Jun 2025 13.32 | ₹10 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting AJC Jewel Manufacturers IPO’s listing performance. With a final GMP of ₹5, it indicated a premium of 5.26% over the issue price of ₹95. The stock listed at ₹99, delivering a slightly higher gain of 4.21%. This resulted in a small prediction error of 1.05%, where the GMP correctly predicted both the positive direction and approximate magnitude of gains, reflecting decent reliability in this case.
AJC Jewel IPO Current GMP is ₹5.
AJC Jewel IPO Expected Returns is 5.26%.
AJC Jewel IPO estimated listing price is ₹100.