AJC Jewel IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 23 to Jun 26 2025
Price Band
₹95
Current GMP
₹99(4.21%)
Subscription
2.82 times
IPO Details
| IPO Date | June 23, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 (aggregating up to ₹0.80 Cr)Rikhav Securities Limited |
| 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 |
IPO Date
June 23, 2025 to June 26, 2025
Listing Date
July 1, 2025
Face Value
₹10 per share
Issue Price
₹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 (aggregating up to ₹0.80 Cr)Rikhav Securities Limited
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 3.57 |
| Non-Institutional Buyers*** | 1.79 |
| Retail Investors | 2.86 |
| Total ** | 2.82 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
3.57
Non-Institutional Buyers***
1.79
Retail Investors
2.86
Total **
2.82
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 23, 2025 | 0.00 | 0.40 | 0.23 | 0.20 |
| Day 2 Jun 24, 2025 | 0.00 | 0.16 | 0.64 | 0.36 |
| Day 3 Jun 25, 2025 | 0.00 | 0.19 | 1.26 | 0.67 |
| Day 4 Jun 26, 2025 | 3.57 | 1.79 | 2.86 | 2.82 |
DayDay 1
Jun 23, 2025
QIB0.00
NII*0.40
Retail0.23
Total0.20
DayDay 2
Jun 24, 2025
QIB0.00
NII*0.16
Retail0.64
Total0.36
DayDay 3
Jun 25, 2025
QIB0.00
NII*0.19
Retail1.26
Total0.67
DayDay 4
Jun 26, 2025
QIB3.57
NII*1.79
Retail2.86
Total2.82
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-07-2025 | 95.00 | 4(4.21%) | 99 |
| 30-06-2025 | 95.00 | 4(4.21%) | 99 |
| 29-06-2025 | 95.00 | 4(4.21%) | 99 |
| 28-06-2025 | 95.00 | 4(4.21%) | 99 |
| 27-06-2025 | 95.00 | 4(4.21%) | 99 |
| 26-06-2025 | 95.00 | 4(4.21%) | 99 |
| 25-06-2025 | 95.00 | 4(4.21%) | 99 |
| 24-06-2025 | 95.00 | 9(9.47%) | 104 |
| 23-06-2025 | 95.00 | 9(9.47%) | 104 |
| 22-06-2025 | 95.00 | 9(9.47%) | 104 |
| 21-06-2025 | 95.00 | 9(9.47%) | 104 |
| 20-06-2025 | 95.00 | 9(9.47%) | 104 |
| 19-06-2025 | 95.00 | 9(9.47%) | 104 |
| 18-06-2025 | 95.00 | 9(9.47%) | 104 |
| 17-06-2025 | 95.00 | 9(9.47%) | 104 |
| 16-06-2025 | 95.00 | 0(0.00%) | 95 |
Date01-07-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date30-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date29-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date28-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date27-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date26-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date25-06-2025
Price95.00
GMP4(4.21%)
Estimate List Price99
Date24-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date23-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date22-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date21-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date20-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date19-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date18-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date17-06-2025
Price95.00
GMP9(9.47%)
Estimate List Price104
Date16-06-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
IPO Important Dates
| 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 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 June 26, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,28,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,28,000 |
| HNI (Min) | 3 | 3,600 | ₹3,42,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,28,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,28,000
ApplicationHNI (Min)
Lots3
Shares3,600
Amount₹3,42,000
Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 34.28 | 36.73 | 36.00 |
| Revenue | 175.53 | 246.84 | 194.25 |
| Profit After Tax | 1.85 | 3.32 | 2.04 |
| EBITDA | 3.64 | 5.40 | 3.94 |
| Net Worth | 13.90 | 12.04 | 7.12 |
| Reserves and Surplus | 9.45 | 7.60 | 4.28 |
| Total Borrowing | 18.41 | 22.48 | 26.23 |
Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 202434.28
31 Mar 202436.73
31 Mar 202336.00
Period EndedRevenue
31 Dec 2024175.53
31 Mar 2024246.84
31 Mar 2023194.25
Period EndedProfit After Tax
31 Dec 20241.85
31 Mar 20243.32
31 Mar 20232.04
Period EndedEBITDA
31 Dec 20243.64
31 Mar 20245.40
31 Mar 20233.94
Period EndedNet Worth
31 Dec 202413.90
31 Mar 202412.04
31 Mar 20237.12
Period EndedReserves and Surplus
31 Dec 20249.45
31 Mar 20247.60
31 Mar 20234.28
Period EndedTotal Borrowing
31 Dec 202418.41
31 Mar 202422.48
31 Mar 202326.23
IPO Reservation
| Market Maker Shares Offered | 84,000 (4.93%) |
| QIB Shares Offered | 7,56,000 (44.37%) |
| − Anchor Investor Shares Offered | 4,52,400 (26.55%) |
| − QIB (Ex. Anchor) Shares Offered | 3,03,600 (17.82%) |
| NII (HNI) Shares Offered | 2,37,600 (13.94%) |
| Retail Shares Offered | 5,42,400 (31.83%) |
| Total Shares Offered | 17,04,000 (100.00%) |
Market Maker Shares Offered
84,000 (4.93%)
QIB Shares Offered
7,56,000 (44.37%)
− Anchor Investor Shares Offered
4,52,400 (26.55%)
− QIB (Ex. Anchor) Shares Offered
3,03,600 (17.82%)
NII (HNI) Shares Offered
2,37,600 (13.94%)
Retail Shares Offered
5,42,400 (31.83%)
Total Shares Offered
17,04,000 (100.00%)
Information about company
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:
Wide product range, Design and Innovation in the product range
Experienced Promoter and management team with proven execution capabilities and Skilled work force with contemporary designing capabilities.
Long-standing relationship with reputed jewellery dealers.
Organised manufacturing setup under one roof.
Objectives of IPO
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
Disclaimer
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