AJC Jewel IPO Details
The AJC Jewel IPO is a book build issue with a total issue size of ₹15.39 cr, comprising of fresh issue of 1620000 equity shares. AJC Jewel IPO opened for subscription on Jun 23, 2025 and closed on Jun 26, 2025. AJC Jewel IPO is set price band at ₹90 to ₹95 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹228,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 27, 2025, and listed on both the NSE and BSE on Jul 01, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Smart Horizon Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the AJC Jewel IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 90 – 95
- Lot Size
- 1200
- Issue Size
- ₹15.39 Cr
- Minimum Investment
- ₹228000 (2400 Shares)
- Listing Date
- 01 July 2025
Current GMP
₹4 (+4.21%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About AJC Jewel Manufacturers Limited
Established in 2018, AJC Jewel Manufacturers is a gold jewellery manufacturing company specializing in wholesale production.
Promoters:
- Mr. Ashraf P (Managing key business operations)
- Mr. Kunhimohamed P
- Ms. Fathima Jasna Kottekkattu
Business Activities
AJC Jewel Manufacturers Limited specializes in the design and wholesale manufacturing of gold jewellery, catering to dealers, showrooms, corporates, and small jewellery shops. The company focuses on three main product categories:
- Plain Gold Jewellery – 33.45% of revenue (as of Dec 31, 2024)
- Studded Gold Jewellery (with Cubic Zirconia or colored stones) – 42.12%
- Named Jewellery (customized with names) – 6.34%
Jewellery is available in 22K and 18K gold, including yellow gold, rose gold, and personalized designs. The company serves men, women, and children, offering a wide range of products such as:
- Anklets, Bangles, Bracelets
- Earrings, Necklaces, Nose Pins
- Pendants, Rings
- Custom name jewellery (e.g., Name Bracelets, Pendants)
Operations & Facility
- Location: Manufacturing facility at Inkel Greens Edu City, Malappuram
- Area: 21,780.76 sq. ft. (leased)
- Infrastructure: Equipped with 3D printers, casting machines, wax injectors, and polishing equipment
- Design Team: In-house CAD designers and freelance designers
- Quality Control: 4-person QC/QA team ensures quality across the production chain
Sales & Distribution
- Operates on a wholesale model across PAN India
- Dedicated sales manager and customer relationship executives manage dealer relationships and marketing
- Sales are largely B2B, with rare retail orders being hallmarked via authorized centers
Procurement & Materials
- Procures raw gold (bullion) from DGFT-nominated agencies (e.g., Axis Bank, HDFC Bank) and local bullion dealers
- Occasionally procures used gold from individuals
- Also sells raw gold and services, though infrequently, and classifies it under manufacturing income
Key Strengths
- Strong in-house design capabilities and customization
- Diverse portfolio serving multiple market segments (mid and value)
- Quality assurance at every production stage
- Ability to handle bulk orders for wholesale clients
AJC Jewel IPO Promoters
- Mr. Ashraf P
- Mr. Kunhimohamed P
- Ms. Fathima Jasna Kottekattu
Promoters Holding
Holding Pre Issue
76.85%
Holding Post Issue
56.33%
AJC Jewel IPO Objective
The Company AJC Jewel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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
- General corporate purposes
Address / Contact Info
AJC Jewel Manufacturers Limited
38/227-Z, Inkel Greens Edu City,
Karathode-Konampara Road, Panakkad Village,
Pattarkadavu, Malappuram, Ernad,
Malappuram, Kerala, 676519
Phone: +91 9567916106
Email: investors@ajcjewel.com
IPO Snapshot
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
AJC Jewel IPO is a Book-building IPO with a total issue size of ₹15.39 crore. The AJC Jewel IPO price band is ₹90 to 95 per share. The AJC Jewel IPO subscription opens on Mon, Jun 23, 2025, and closes on Thu, Jun 26, 2025. The AJC Jewel IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the AJC Jewel IPO.
The AJC Jewel IPO opens on Mon, Jun 23, 2025 and closes on Thu, Jun 26, 2025
AJC Jewel IPO Price Band is ₹90 to 95 per share.
AJC Jewel IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
The minimum investment for AJC Jewel IPO is ₹228000, based on one lot of 1200 shares at the upper price band of ₹95 per share.
Investors can apply for the AJC Jewel IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 26, 2025. The application amount remains blocked until the AJC Jewel IPO allotment is finalized.
AJC Jewel IPO issue size is ₹15.39 crores.
AJC Jewel IPO allotment date is Wed, Jul 1, 2026.
The registrar for AJC Jewel IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check AJC Jewel IPO allotment status, refund processing, and other IPO-related information.
The AJC Jewel IPO GMP (Grey Market Premium) is ₹4 as of Tue, Jul 1, 2025. Based on the upper price band of ₹95 per share, the estimated AJC Jewel IPO listing price is ₹99, indicating a potential listing gain of approximately 0% over the issue price.