AJC Jewel Manufacturers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the AJC Jewel Manufacturers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹95
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,14,000
Issue Size
₹15.39 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.31%
QIB Quota
49.22%
NII Quota
15.47%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
AJC Jewel Manufacturers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
76.84%
Promoter Holding (Post-Issue)
56.33%
Issue Type
Book Building - SME
ISIN
INE0XRR01010
About the Company
Our Company is primarily engaged in the business of manufacturing and designing the wide range of wholesale Gold Jewelleries which includes plain gold, studded and named jewelleries available in 22karat and 18Karat. Our Company manufacturers the finished gold jewelleries from the raw gold i.e. bullions and required consumables and sell it to dealers, showrooms, corporates and small jewellery shops in the wholesale quantities. We provide an extensive range of jewellery designs of plain gold, rose gold, the jewelleries studded with Cubic Zircon and / or coloured stones and named jewelleries customized and designed in detail, keeping in mind the customer's unique preferences and requirements. Our Company manufactures jewelleries for three categories of Individuals men, women and children.
Industry Overview
The gold industry is a global market encompassing gold mining, processing, refining, and trading, driven by demand for jewellery, investment, central bank reserves, and technology. Our Company is primarily engaged in the business of manufacturing and designing the wide range of wholesale Gold Jewelleries which includes plain gold, studded and named jewelleries available in 22Karat and 18Karat. Our Company manufacturers the finished gold jewelleries from the raw gold i.e. bullions and required consumables and sell it to dealers, showrooms, corporates and small jewellery shops in the wholesale quantities. Globally the gold demand has hit a new record in 2024. Annual Consumption of Gold jewellery was the clear outlier as it dropped 11% to 1,877t as consumers could only afford to buy in lower quantities. Nonetheless, spend on gold jewellery jumped 9% to US$144bn.
Company History
AJC Jewel Manufacturers Limited was originally incorporated under the name "Pheonix Gold Castings Private Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated March 23, 2018, issued by the Registrar of Companies Central Registration Centre. Further the name of the Company was changed to "AJC Jewel Manufacturers Private Limited" vide Certificate of Incorporation dated May 14, 2020 by Registrar of Ernakulam. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to "AJC Jewel Manufacturers Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on August 05, 2024. The fresh certificate of incorporation consequent to conversion was issued on September 24, 2024, by Centralised Processing Centre. The Corporate Identification Number of our Company is U93090KL2018PLC052621.
Products & Services
- The Company is primarily engaged in the business of manufacturing and designing the wide range of wholesale Gold Jewelleries.
Growth Strategy
- Continue to invest in our manufacturing operations.
- Improving Debt - Equity Ratio.
- Adding new designs to our product portfolio.
- Increasing Operational efficiency.
Customer Base
wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 16,20,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of AJC Jewel Manufacturers Limited ("the Company" or "AJC Jewel" or "the issuer") for cash at a price of Rs. 95 per equity share including a share premium of Rs. 85 per equity share (the "Issue Price") aggregating to Rs. 15.39 crores ("the Issue"), of which upto 84,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 95 per equity share including a share premium of Rs. 85 per equity share aggregating to Rs. 0.80 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto 15,36,000 equity shares of face value of Rs. 10/- each at a price of Rs. 95 per equity share including a share premium of Rs. 85 per equity share aggregating to Rs. 14.59 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.70 % and 25.31 % respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide product range, Design and Innovation in our product range.
- Experienced Promoter and management team with proven execution capabilities and Skilled work force with contemporary designing capabilities.
- Long-standing relationship with reputed jewellery dealers.
- Organised manufacturing set-up under one roof.
- The company depends on few suppliers for its raw materials required for its operations and the company has not entered into any long term agreements and any delays, interruptions or reduction in the supply of raw materials to manufacture its products and any abrupt fluctuations in the prices of the company's raw materials may adversely affect the pricing of its products and may have an impact on the company's Business, Results of Operation, Financial Condition and Cash Flows.
- The company's gold jewellery business faces risks from market volatility and changing customer preferences. Fluctuations in commodity prices like gold could impact its costs and profitability. Evolving customer tastes influence product demand, necessitating continuous adaptation, to remain competitive.
- The company depends on certain customers for a significant portion of its revenues, Also, the Company in the usual course of Business does not have any long term contracts with its Customers and the company relies on purchase orders for delivery of the company's products and its Customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of the company's top Customers or a reduction in their demand for its products or reduction in revenue derived from them may adversely affect the company's Business, Results of Operations and Financial Condition.
- The Company had negative cash flows from operating, investing and financing activities in the past years/period, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.