Issue Price
₹95
Per Share
GMP
NIL
Grey Market
Est. Listing
₹95
Expected Price
Min. Application
₹228,000
2 lots × 1200 shares
Incorporated in 2018, AJC Jewel Manufacturers Limited is engaged in the business of jewelry manufacturing specializing in crafting bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children.The company manufactures finished gold jewelry from raw bullion and consumables, offering a variety of designs for men, women, and children, and sells to dealers, showrooms, corporates, and small shops.The company operates a 21,780.76 Sq. Ft. leased manufacturing facility in Malappuram, equipped with advanced machinery like 3D printers, casting machines, and polishing equipment for seamless jewelry production.Products: The company manufactures plain gold, studded gold, named gold, and rose gold jewelry, including rings, pendants, chains, necklaces, anklets, bracelets, bangles, and earrings in 22K and 18K for men, women, and children.As on February 28, 2025, the company has employed 67 personnel at the Manufacturing Plant and Registered Office.Competitive Strengths:Wide product range, Design and Innovation in the product rangeExperienced 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 setup under one roof.
AJC Jewel Manufacturers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 84,000 | — | ₹0.80 Cr | — |
| TOTAL | 1,620,000 | 100.00% | ₹15.39 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹114,000 |
| Retail (Max) | 13 | 15,600 | ₹1,482,000 |
| sNII (Min) | 14 | 16,800 | ₹1,596,000 |
| bNII (Min) | 68 | 81,600 | ₹7,752,000 |
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 175.53 | 246.84 | 194.25 |
| EBITDA | 3.64 | 5.40 | 3.94 |
| Profit After Tax (PAT) | 1.85 | 3.32 | 2.04 |
| Net Worth | 13.90 | 12.04 | 7.12 |
| Total Assets | 34.28 | 36.73 | 36.00 |
| Reserves & Surplus | 9.45 | 7.60 | 4.28 |
| Total Borrowings | 18.41 | 22.48 | 26.23 |