AJC Jewel Manufacturers Limited
Bookbuilding IPO · BSE
- Price band
- ₹90 - ₹95
- Lot size
- 1,200 shares
- Issue amount
- ₹15.39 cr
- Total subscription
- 2.83×
- Opens
- 23 Jun 2025
- Closes
- 26 Jun 2025
- Allotment
- 27 Jun 2025
- Listing
- 1 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 16,20,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹15.39 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,14,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 44,48,360
- Shares after issue
- 60,68,360
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,28,000 |
| sHNI | 3 | 3,600 | ₹3,42,000 |
| bHNI | 9 | 10,800 | ₹10,26,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.18 | 0 |
| RETAIL | 5.15 | 0 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.24 | 7.17 | 4.44 |
| ROE | 34.64 | 33.42 | 24.8 |
| ROCE | 17.47 | 11.31 | 17.78 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 12.73 | 0 |
| POST IPO(PE) | 23.33 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 2018, AJC Jewel Manufacturers Limited is involved in the production of a wide range of jewelry, including bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children. The company creates finished gold jewelry from raw bullion and other materials, offering a variety of designs suited for different age groups and genders. Their products are sold to dealers, showrooms, corporate clients, and small retail shops. The company operates from a leased manufacturing facility in Malappuram, covering an area of 21,780.76 square feet. The facility is equipped with modern machinery, such as 3D printers, casting machines, and polishing tools, enabling efficient and high-quality jewelry production. AJC Jewel Manufacturers produces various types of jewelry in 22K and 18K gold, including plain gold, studded gold, named gold, and rose gold pieces. As of February 28, 2025, the company employs 67 people across its manufacturing plant and registered office.
Strengths
- Strong Promoter Backing: Supported by HDFC Bank, enhancing brand trust and ease of capital access.
- Balanced Loan Mix: Focus on retail and MSME segments reduces dependence on any single sector.
- Cost Efficiency: Maintains one of the lowest borrowing costs in the NBFC space.
Risk factors
- Promoter Concentration Risk: Significant pre-IPO holding by HDFC Bank with limited clarity on post-issue dilution.
- Lending Risk Exposure: High exposure to unsecured and SME loans could lead to asset quality concerns.
- Macroeconomic Vulnerability: Operations are highly influenced by interest rate movements and economic cycles.
Promoters
Mr. Ashraf P, Mr. Kunhimohamed P
Ms. Fathima Jasna Kottekattu
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
38/227-Z, Inkel Greens Edu City, Karathode-Konampara Road, Panakkad Village, Pattarkadavu, Malappuram, Ernad, Malappuram, Kerala, 676519
+91 9567916106
[email protected]Company website ↗Understanding AJCJEWEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.