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The AJC Jewel IPO will open for subscription on June 23, 2025, and close on June 25, 2025. This IPO is a Book Built Issue, through which the company aims to raise around ₹15.39 crores. The entire amount is being raised through a fresh issue, while the offer for sale (OFS) details are yet to be disclosed. Each equity share carries a face value of ₹10.
The IPO price band is set between ₹90 to ₹95 per share. The retail investor quota is 35%, Qualified Institutional Buyers (QIB) get 50%, and High Net-worth Individuals (HNI) are allocated 15% of the total issue.
- Listing Date: July 1, 2025 (on BSE)
- IPO Allotment Date: June 27, 2025
AJC Jewel has shown notable financial growth:
- Revenue in FY 2024: ₹246.84 crores
- Revenue in FY 2023: ₹194.25 crores
- Net Profit in FY 2024: ₹3.24 crores
- Net Profit in FY 2023: ₹1.99 crores
Given the company’s steady increase in revenue and profit over the past year, analysts believe that the IPO presents a good long-term investment opportunity for investors looking to benefit from the growth potential of the jewelry sector.
AJC Jewel IPO – Key Details
- IPO Opening Date: June 23, 2025
- IPO Closing Date: June 25, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹90 to ₹95 per share
- Total Issue Size: Approximately ₹15.39 crores
- Fresh Issue Size: Approximately ₹15.39 crores
- Issue Type: Book Built Issue
- Listing Exchange: BSE SME Platform
- Retail Investor Quota: Up to 35%
- Qualified Institutional Buyers (QIB) Quota: Up to 50%
- Non-Institutional Investors (NII) Quota: Up to 15%
- DRHP (Draft Red Herring Prospectus): Click Here
- RHP (Red Herring Prospectus): Click Here
AJC Jewel IPO Market Lot Details
The minimum market lot for the AJC Jewel IPO is 2,400 shares, requiring a total investment of ₹2,28,000 for retail investors. Below are the details for different investor categories:
| Application Type | Lot Size | Number of Shares | Total Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 2,400 Shares | ₹2,28,000 |
| Retail Maximum | 1 Lot | 2,400 Shares | ₹2,28,000 |
| S-HNI Minimum | 2 Lots | 3,600 Shares | ₹3,42,000 |
AJC Jewel IPO Key Dates
The AJC Jewel IPO will open for subscription on June 23, 2025, and will close on June 25, 2025. Here are the important dates associated with the issue:
- IPO Open Date: June 23, 2025
- IPO Close Date: June 25, 2025
- Basis of Allotment: June 27, 2025
- Refund Initiation: June 30, 2025
- Credit of Shares to Demat Accounts: June 30, 2025
- IPO Listing Date: July 1, 2025
Promoters of AJC Jewel IPO
The promoters of AJC Jewel Manufacturers Ltd are:
- Mr. Ashraf P
- Mr. Kunhimohamed P
- Ms. Fathima Jasna Kottekattu
About the Company – AJC Jewel Manufacturers Ltd
Founded in 1999 by Mr. Kunhimohamed Perinkadakkat, AJC Jewel started as a small jewelry manufacturing unit and rebranded in 2018 as AJC Jewel Manufacturers Ltd. The company expanded significantly with a modern 15,000 sq. ft. facility at Inkel Industrial Park, Malappuram, Kerala.
AJC manufactures a wide range of jewelry products such as:
- Anklets, Bangles, Bracelets
- Earrings, Necklaces, Nose Pins
- Personalized Name Bracelets, Name Pendants, and Name Rings
With multiple distribution branches in Kerala and Tamil Nadu, the company focuses on innovative design and skilled craftsmanship through its in-house Research and Development (R&D) team.
AJC Jewel Financial Performance
| Financial Year | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | 127.40 | 125.65 | 1.22 | 16.43 |
| 2023 | 194.25 | 191.39 | 1.99 | 36.01 |
| 2024 | 246.84 | 242.42 | 3.24 | 36.74 |
| Dec 2024 (Interim) | 175.53 | 173.03 | 1.85 | 34.28 |
AJC Jewel IPO Valuation – FY 2024
| KPI | Value |
|---|---|
| Return on Equity (RoE) | 34.28% |
| Return on Capital Employed | 30.36% |
| EBITDA Margin | 2.19% |
| Profit After Tax (PAT) Margin | 1.32% |
| Debt to Equity Ratio | 0.67 |
| Earnings Per Share (EPS) | ₹7.29 (Basic) |
| Return on Net Worth (RoNW) | 27.29% |
| Net Asset Value (NAV) | ₹26.73 |
Peer Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Sky Gold Ltd | 35.18 | 73.12 | 16.58% | 184.42 | – |
| Patdiam Jewellery Ltd | 14.30 | 17.87 | 10.33% | 138.41 | – |
Objects of the Issue
The funds raised from the IPO will be used for the following purposes:
- Purchase of new equipment for business expansion
- Repayment or prepayment of existing borrowings
- Funding working capital requirements
- General corporate purposes
Registrar for AJC Jewel IPO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Manager
- Smart Horizon Capital Advisors Private Limited
Company Contact Details
AJC Jewel Manufacturers Limited
38/227-Z, Inkel Greens Edu City,
Karathode-Konampara Road, Panakkad Village,
Pattarkadavu, Malappuram, Kerala
Phone: +91 9567916106
Email: investors@ajcjewel.com
Website: https://ajcjewel.com/ab
Frequently Asked Questions (FAQs)
Q1. What is AJC Jewel IPO?
AJC Jewel IPO is an SME IPO aiming to raise ₹15.39 crores, priced between ₹90 to ₹95 per share, and will be listed on BSE SME.
Q2. When will AJC Jewel IPO open?
The IPO opens for subscription on June 23, 2025, and closes on June 25, 2025.
Q3. What is the investors’ quota for AJC Jewel IPO?
- QIBs: 50%
- Non-Institutional Investors (NII): 15%
- Retail Investors: 35%
How to Apply for AJC Jewel IPO?
You can apply for the AJC Jewel IPO in the following ways:
- Online via ASBA (Applications Supported by Blocked Amount): Log in to your internet banking account and apply through the ASBA service under the IPO section.
- UPI through Stock Brokers: Use your UPI ID via platforms like Zerodha, Groww, Angel One, or Paytm Money to apply for the IPO.
- Offline Method: You can also fill out the physical IPO application form through your stockbroker and submit it manually.
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