AJC Jewel IPO Subscribed overall 2.82 times on the last day, while A retail quota subscribed 2.86 times, QIB subscribed 3.57 times, and NII quota subscribed 1.79 times respectively.
Details About AJC Jewel IPO
AJC Jewel got approval from SEBI for an IPO of ₹14.59 crores via an IPO that comprises a fresh issue of ₹14.59 crores with a face value of ₹10. The company has set up a price band between ₹90 to ₹95 per share.
In this IPO, a total of 2,400 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category.
S-HNI (Min) has a total of 3,600 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,28,000 and maximum investment of ₹2,28,000.
- Small HNI (S-HNI): Minimum investment of ₹3,42,000.
Subscription Duration of the AJC Jewel IPO
The AJC Jewel IPO subscription opening date was June 23, 2025, and the closing date was June 26, 2025.
The AJC Jewel IPO allotment was finalized on June 27, 2025, and the IPO listing is on July 1, 2025.
Funds Deployment of This Company
- To finance the acquisition of new equipment for the company
- To repay or prepay some or all of the company’s existing borrowings
- To support the company’s working capital needs
- For general corporate activities and purposes
About AJC Jewel IPO
AJC Jewel Ltd was established in 1999 by its founder, Mr. Kunhimohamed Perinkadakkat. The company experienced substantial growth in 2018, leading to a rebranding as ‘AJC Jewel Manufacturers Ltd’. That same year, it expanded operations by relocating to a 15,000 sq. ft. state-of-the-art facility at Inkel Industrial Park in Malappuram.
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 Financial Background
The company reported revenue of ₹246.84 crores in 2024 against ₹194.25 crores in 2023. The company reported a profit of ₹3.24 crores in 2024 against a profit of ₹1.99 crores in 2023.
