AJC Jewel IPO Description – Established in 2018, AJC Jewel Manufacturers is a gold jewellery manufacturing company specializing in wholesale production. The company designs and produces a wide range of plain gold, studded, and personalized named jewellery in 22K and 18K gold. As of 31 December 2024, revenue contributions stood at 33.45% from plain gold, 42.12% from studded, and 6.34% from named jewellery.
AJC operates a 21,780.76 sq. ft. leased facility equipped with 3D printers, wax injectors, casting machines, and polishing units. Its in-house and freelance CAD designers support a portfolio serving men, women, and children with products like rings, bangles, necklaces, and customized name pieces. The company caters to a pan-India network of dealers, showrooms, and small jewellery retailers.
With a workforce of 67 and a 4-member QC/QA team, AJC enforces rigorous quality control across all stages. Gold is sourced from DGFT-nominated agencies like Axis Bank and HDFC Bank, as well as local bullion dealers. Retail hallmarking is done selectively upon request.
Promoters of AJC Jewel Manufacturers – Mr. Ashraf P, Mr. Kunhimohamed P, and Ms. Fathima Jasna Kottekattu
Table of Contents
AJC Jewel Manufacturers IPO Details
| AJC Jewel IPO Dates | 23 – 26 June 2025 |
| AJC Jewel Issue Price | INR 90 – 95 per share |
| Fresh issue | 16,20,000 shares (INR 14.58 – 15.39 crore) |
| Offer For Sale | NIL |
| Total IPO size | 16,20,000 shares (INR 14.58 – 15.39 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,14,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
AJC Jewel Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 127.39 | 194.18 | 245.89 | 175.05 |
| Expenses | 125.65 | 191.39 | 242.42 | 173.03 |
| Net income | 1.06 | 2.04 | 3.32 | 1.85 |
AJC Jewel Offer News
- AJC Jewel RHP
- AJC Jewel Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
AJC Jewel Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.44 | 7.17 | 8.24 |
| PE ratio | – | – | 10.92 – 11.53 |
| RONW (%) | 24.84 | 28.64 | 27.56 |
| NAV | 17.87 | 25.04 | 29.88 |
| ROCE (%) | 17.78 | 11.31 | 17.47 |
| EBITDA (%) | 1.68 | 2.03 | 2.19 |
| Debt/Equity | 1.30 | 3.68 | 1.87 |
AJC Jewel IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 June 2025 | 5 | – | 3,600 |
| 28 June 2025 | 5 | – | 3,600 |
| 27 June 2025 | 5 | – | 3,600 |
| 26 June 2025 | 6 | – | 4,000 |
| 25 June 2025 | 9 | – | 7,500 |
| 24 June 2025 | 9 | – | 7,500 |
| 23 June 2025 | 9 | – | 7,500 |
| 21 June 2025 | 8 | – | 7,000 |
| 20 June 2025 | 8 | – | 7,000 |
| 19 June 2025 | 8 | – | 7,000 |
| 18 June 2025 | 10 | – | 9,000 |
AJC Jewel IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 3,03,600 | 2,37,600 | 5,42,400 | 10,83,600 |
| 25 Jun 2025 | 3.57 | 2.15 | 2.87 | 2.91 |
| 24 Jun 2025 | 0.00 | 0.51 | 0.64 | 0.43 |
| 23 Jun 2025 | 0.00 | 0.40 | 0.23 | 0.20 |
| As on 05:00:00 PM | ||||
The market maker reservation portion of 84,000 shares and anchor investor portion of 4,52,400 shares are not included in the above calculations.
AJC Jewel IPO Allotment Status
AJC Jewel IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
AJC Jewel IPO Dates & Listing Performance
| IPO Opening Date | 23 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Finalization of Basis of Allotment | 27 June 2025 |
| Initiation of refunds | 30 June 2025 |
| Transfer of shares to demat accounts | 30 June 2025 |
| IPO Listing Date | 1 July 2025 |
| Opening Price on BSE SME | INR 99 per share (up 4.21%) |
| Closing Price on BSE SME | INR 95.39 per share (up 0.41%) |
AJC Jewel Offer Lead Manager
SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED
B/908, Western Edge II, Kanakia Space,
Behind the metro mall, Off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066
Phone: 022-28706822
Email: [email protected]
Website: www.shcapl.com
AJC Jewel Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
AJC Jewel Contact Details
AJC JEWEL MANUFACTURERS LIMITED
38/227-Z, Inkel Greens Edu City, Karathode-Konampara Road,
Panakkad Village, Pattarkadavu, Malappuram, Ernad, Kerala-676519
Phone: +91 9567916106
E-mail: [email protected]
Website: www.ajcjewel.com
IPO FAQs
What is the AJC Jewel IPO size?
AJC Jewel offer size is INR 14.58 – 15.39 crores.
What is the AJC Jewel offer price band?
AJC Jewel public offer price is INR 90 – 95 per share.
What is the lot size of the AJC Jewel Offer?
AJC Jewel offer lot size is 1,200 shares.
What is AJC Jewel IPO GMP today?
AJC Jewel IPO GMP today is INR 5 per share.
What is theAJC Jewel kostak rate today?
AJC Jewel kostak rate today is INR NA per application.
What is AJC Jewel IPO Subject to Sauda rate today?
AJC Jewel Subject to Sauda rate today is INR 3,600 per application.