AJC Jewel Manufacturers Limited (BSE SME)
June 23, 2025 – June 26, 2025
| Price | ₹90 - ₹95 |
| Premium | ₹9 |
|---|---|
| Lot size | 1200 |
| Allotment | Jun 27, 2025 |
| Listing | Jul 1, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 228000 | 452 |
| sHNI | 3 | 3600 | 342000 | 66 |
| bHNI | 9 | 10800 | 1026000 | 132 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| INDIVIDUAL | 33.48% | 5,42,400 |
| SHNI | 4.89% | 79,200 |
| BHNI | 9.78% | 1,58,400 |
| ANCHOR | 27.93% | 4,52,400 |
| QIB | 18.74% | 3,03,600 |
| MARKET MAKER | 5.19% | 84,000 |
| TOTAL | 100.00% | 1620000 |
AJC Jewel Manufactures IPO Details
| Total Issue Size | 16,20,000 shares (aggregating up to 15.39Cr) |
| Fresh Issue | 16,20,000 shares (aggregating up to 15.39Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 44,48,360 shares |
| Market Maker Portion | 84,000 shares |
| Market Maker | Rikhav Securities Limited |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 34.64% | 33.42% | 24.80% |
| ROCE | 17.47% | 11.31% | 17.78% |
| EPS (basic) | 8.24 | 7.17 | 4.44 |
| P/E Pre IPO | 12.73 | ||
| P/E Post IPO | 23.33 |
Company Financials In Crores
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 34.3 | 36.7 | 36.0 | 16.4 |
| Revenue | 175.5 | 246.8 | 194.3 | 127.4 |
| Profit After Tax | 1.9 | 3.3 | 2.0 | 1.3 |
| Net Worth | 13.9 | 12.0 | 7.1 | 5.1 |
| Reserves and Surplus | 9.5 | 7.6 | 4.3 | 2.2 |
| Total Borrowing | 18.4 | 22.5 | 26.2 | 6.6 |
About Company
Manufacturing Excellence: Operating from a leased production facility spanning 21,780.76 sq. ft. in Malappuram, Kerala, the company has invested in modern, precision-driven machinery, including 3D printers, casting units, and polishing systems. This enables end-to-end control over the manufacturing process, ensuring consistency and craftsmanship in every piece.
Product Range: AJC offers an extensive product lineup in 22K and 18K gold, including:
- Plain gold and studded designs
- Personalized and named gold items
- Rose gold jewelry
Their collections include pendants, chains, rings, bracelets, bangles, earrings, necklaces, and anklets—crafted to appeal across age groups and genders.
Clientele:The company supplies its products to a mix of dealers, retail showrooms, corporate buyers, and local jewelry shops, maintaining a strong B2B distribution focus.
Team Strength:As of August 31, 2024, AJC Jewel Manufacturers Limited employed 89 skilled professionals across its manufacturing plant and corporate office, supporting operations, design, and customer service.
Strength
Diverse and Innovative Product Portfolio: The company offers a wide variety of gold jewelry in 22K and 18K, backed by continuous design innovation to cater to evolving customer preferences across all age groups.
Strong Leadership and Skilled Workforce: Led by an experienced promoter and management team, the company benefits from a highly skilled workforce with modern design expertise and efficient execution capabilities.
Weakness
Raw Material Supply and Price Fluctuation Risk: The company depends on a limited number of raw material suppliers without long-term contracts. Any supply disruptions or sudden changes in gold prices could impact product costs, pricing, and overall financial performance.
Market Volatility and Changing Customer Preferences: Gold price volatility and shifting consumer tastes pose a constant challenge. Failure to adapt to evolving trends may reduce demand and affect competitiveness and profitability.
Revenue Concentration and Lack of Long-Term Customer Contracts: A significant portion of revenue comes from a few key customers. With no long-term agreements in place, any reduction, delay, or cancellation of orders could adversely affect business stability and cash flow.
Lead Manager(s)
Address
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
Website: https://ajcjewel.com/ab