Upcoming BSE SME IPO – AJC Jewel IPO Details
| IPO Name | AJC Jewel IPO |
| IPO Open and Close Date | June 23, 2025 to June 26, 2025 |
| Issue Price Band | ₹90 to ₹95 per share |
| Lot Size | 1,200 Shares per lot |
| Listing At | BSE SME |
| Issue Size | ₹15.39 crores |
| Issue Type | Fresh Issue |
| Allotment Date | June 27, 2025 |
| Listing Date | July 01, 2025 |
| Retail Investors Minimum Lot & Amount | 2 Lot & ₹2,28,000 |
| Retail Investors Maximum Lot & Amount | 2 Lot & ₹2,28,000 |
| HNIs Minimum Lot & Amount | 3 Lots & ₹3,42,000 |
AJC Jewel IPO – FAQs
1. What is AJC Jewel Manufacturers Limited?
AJC Jewel is a gold jewelry manufacturing company established in 2018. It specializes in making bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children.
2. What are the IPO dates for AJC Jewel?
The IPO opens on June 23, 2025, and closes on June 26, 2025.
3. On which exchange will AJC Jewel list?
The company will be listed on the BSE SME platform.
4. What is the price band and lot size for the IPO?
The price band is set at ₹90 to ₹95 per share. The lot size is 1,200 shares.
5. What is the minimum investment required for retail investors?
For Retail investors, the minimum lot size is 2 lots, which is 2,400 shares, amounting to ₹2,28,000.
6. What is the minimum application size for HNI investors?
HNI investors must apply for at least 3 lots consisting of 3,600 shares, which comes to ₹3,42,000.
7. When will the allotment and listing take place?
The allotment is expected on June 27, 2025, and listing on July 1, 2025.
8. How has the company performed financially?
Financial Performance of AJC Jewel Manufacturers Ltd (₹ in Crores)
| Period Ended | Revenue | Profit After Tax (PAT) |
|---|---|---|
| FY 2021–22 (Mar ’22) | 127.40 | 1.26 |
| FY 2022–23 (Mar ’23) | 194.25 | 2.04 |
| FY 2023–24 (Mar ’24) | 246.84 | 3.32 |
| 9M FY 2024–25 (Dec ’24) | 175.53 | 1.85 |
9. How will AJC use the IPO proceeds?
The IPO funds will be used for:
Purchasing new equipment: ₹2.63 Cr
Repayment/prepayment of borrowings: ₹8.90 Cr
General corporate purposes
10. What are the major risks associated with investing in the AJC Jewel IPO?
Here are the key risks to consider
a. AJC’s profits are sensitive to gold price fluctuations, which can impact production costs and profit margin.
b. The jewelry market is highly fragmented, and there is intense competition from organised and unorganised players, which may affect pricing and market share.
c. Incorporated in 2018, the company is relatively new with a limited track record compared to larger, established brands.
d. Any loss or distribution in relation with key dealers or corporates can impact the business.
11. What is the GMP of AJC Jewel IPO?
The latest GMP of the AJC Jewels IPO is ₹9.
AJC Jewel IPO – Conclusion
AJC Jewel IPO presents a compelling opportunity to invest in a modern gold jewellery manufacturer. The company had demonstrated consistent growth, has modern manufacturing capabilities, and a clear roadmap to use the IPO proceeds. However, investors should also evaluate the risk factors before deciding to invest.
