AJC Jewel IPO Details: The AJC Jewel IPO is scheduled to open on June 23, 2025, and will close on June 25, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹15.39 crores, entirely through a fresh issue of equity shares. There is also a provision for an Offer for Sale (OFS) component, the details of which are yet to be announced. Each share carries a face value of ₹10.
The price band for the IPO has been set between ₹90 and ₹95 per share. The issue is structured with a retail investor quota of 35%, QIB allocation at 50%, and 15% reserved for HNIs. The IPO is expected to be listed on the BSE with a tentative listing date of July 1, 2025, while the allotment is likely to be finalized by June 27, 2025.
In terms of financial performance, AJC Jewel reported a revenue of ₹246.84 crores in FY 2024, up from ₹194.25 crores in FY 2023. Net profit also saw growth, rising to ₹3.24 crores in 2024 compared to ₹1.99 crores in 2023.
Considering the company’s consistent revenue growth and improving profitability, the IPO appears to be a promising opportunity for long-term investors.
AJC Jewel IPO Objectives:
- 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
- Funding working capital requirements of the company
- General corporate purposes
AJC Jewel IPO Review (Apply or Not)
- Update soon
AJC Jewel IPO Date & Price Band Details:
| IPO Open Date: | June 23, 2025 |
| IPO Close Date: | June 25, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to ₹95 Per Share |
| Issue Size: | Approx ₹15.39 Crores |
| Fresh Issue: | Approx ₹15.39 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
AJC Jewel IPO Lot Size:
The minimum market lot for the AJC Jewel IPO is 2,400 shares, requiring a minimum investment of ₹2,28,000 per application.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,400 | ₹2,28,000 |
| Retail Maximum | 1 | 2,400 | ₹2,28,000 |
| S-HNI Minimum | 2 | 3,600 | ₹3,42,000 |
AJC Jewel IPO Allotment & Listing Date (Details)
The AJC Jewel IPO will open on June 23, 2025, and close on June 25, 2025. The allotment is expected to be finalized on June 27, with the IPO likely to be listed on the BSE on July 1, 2025.
| IPO Open Date: | June 23, 2025 |
| IPO Close Date: | June 25, 2025 |
| Basis of Allotment: | June 27, 2025 |
| Refunds: | June 30, 2025 |
| Credit to Demat Account: | June 30, 2025 |
| IPO Listing Date: | July 1, 2025 |
AJC Jewel IPO GMP Today:
The latest GMP (Grey Market Premium) for the AJC Jewel SME IPO is ₹9. Based on the upper price band of ₹95, the estimated listing price is around ₹104 per share. This suggests an expected gain of approximately 9.47% per share on listing.
Promoters of AJC Jewel IPO
The promoters of the company are Mr. Ashraf P, Mr. Kunhimohamed P, and Ms. Fathima Jasna Kottekattu.
About AJC Jewel IPO
AJC Jewel Ltd was started by its founder, Mr. Kunhimohamed Perinkadakkat, in 1999. Building on this foundation, the business saw significant growth in 2018, rebranding as ‘AJC Jewel Manufacturers Ltd’. Further, it moved into a larger 15,000 sq. ft. facility equipped with advanced machinery at Inkel Industrial Park in Malappuram. The expansion also included opening multiple branches to distribute AJC’s products across various regions of Kerala and Tamil Nadu. It offers a diverse selection of products for consumers, including anklets, bangles, bracelets, earrings, necklaces, nose pins, personalized name bracelets, name pendants, and name rings. AJC has a dedicated research and development team focused on creating innovative designs and presenting them to clients. Moreover, the brand offers an extensive range of jewelry suitable for all occasions and employs skilled craftsmen who can craft any design to meet customer preferences.
AJC Jewel IPO Company Financial Report
The company reported revenue of ₹246.84 crores in 2024 against ₹194.25 crore in 2023. The company reported profit of ₹3.24 crores in 2024 against profit of ₹1.99 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 |
| December 2024 | ₹175.53 | ₹173.03 | ₹1.85 | ₹34.28 |
AJC Jewel IPO Valuation – FY2024
Check AJC Jewel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.28% |
| ROCE: | 30.36% |
| EBITDA Margin: | 2.19% |
| PAT Margin: | 1.32% |
| Debt to equity ratio: | 0.67 |
| Earning Per Share (EPS): | ₹7.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.29% |
| Net Asset Value (NAV): | ₹26.73 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Sky Gold Limited | 35.18 | 73.12 | 16.58% | 184.42 | – Cr. |
| Patdiam Jewellery Limited | 14.3 | 17.87 | 10.33% | 138.41 | – Cr. |
AJC Jewel IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
AJC Jewel Manufacturers Limited
38/227-Z, Inkel Greens Edu City,
Karathode-Konampara Road, Panakkad Village,
Pattarkadavu, Malappuram, Ernad,
Phone: +91 9567916106
Email: investors@ajcjewel.com
Website: https://ajcjewel.com/ab
AJC Jewel IPO – Frequently Asked Questions (FAQs)
What is the AJC Jewel IPO?
AJC Jewel IPO is an SME public issue through which the company aims to raise ₹15.39 crores. The IPO is priced in the range of ₹90 to ₹95 per equity share and will be listed on the BSE SME platform.
When will the AJC Jewel IPO open for subscription?
The IPO will open for subscription on June 23, 2025, and will close on June 25, 2025. It will be available for QIBs, NIIs, and retail investors.
What is the allocation for investors in the AJC Jewel IPO?
The IPO allocation is as follows:
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Retail Investors: 35%
How can I apply for the AJC Jewel IPO?
You can apply for the IPO through the ASBA (Application Supported by Blocked Amount) facility via your bank’s net banking portal. Alternatively, you can apply through UPI-enabled stock brokers or by submitting a physical application form through your broker.
What is the total issue size of the AJC Jewel IPO?
The total issue size is ₹15.39 crores, consisting entirely of a fresh issue.
What is the price band for the AJC Jewel IPO?
The IPO is priced in the band of ₹90 to ₹95 per share.
What is the lot size for the AJC Jewel IPO?
The minimum application size is 2,400 shares, which amounts to an investment of ₹2,28,000.
What is the allotment date for the AJC Jewel IPO?
The basis of allotment is expected to be finalized on June 27, 2025.
When will the AJC Jewel IPO be listed?
The shares of AJC Jewel are likely to be listed on the BSE SME platform on July 1, 2025.
