AJC Jewels Manufacturers IPO Upcoming
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Schedule of AJC Jewels Manufacturers
| Issue open date | 23 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About AJC Jewels Manufacturers
AJC Jewel Manufacturers is a manufacturer and designer of wholesale gold jewellery, offering plain gold, studded, and personalized named jewellery in 22 karat and 18 karat gold. Established in 2018 and headquartered in Malappuram, Kerala, the company operates a 21,780 sq. ft. manufacturing facility equipped with advanced technology including 3D printers, wax injectors, and casting machines. The product portfolio includes anklets, bangles, bracelets, earrings, necklaces, nose pins, pendants, rings, and customized named jewellery designed for men, women, and children.
The company serves local dealers, showrooms, corporates, and small jewellery shops, focusing on mid-market and value segments. Quality control is maintained throughout the manufacturing process by a dedicated QC/QA team. Gold bullion is procured from DGFT-nominated agencies and multiple suppliers to ensure competitive pricing. The management team comprises experienced promoters with extensive industry knowledge.
Financials of AJC Jewels Manufacturers
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹14.59 crores |
| Fresh Issue | ₹14.59 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 2.63 (18%) |
| Repayment/prepayment of borrowings | 8.90 (61%) |
| General corporate purposes | – |
Peer comparison (FY 2024)
| Company | Revenue (operations) (in cr) | Profit after tax (PAT) margin | EBITDA | PE | EPS (Basic) |
| Sky Gold and Diamonds (Formerly known as Sky Gold ) | 1745.48 | 2.32% |
7724.94 |
10.52 |
35.18 |
| Patdiam Jewellery |
103.40 |
5.97% |
746.49 |
26.43 |
14.30 |
| AJC Jewel Manufacturers |
245.89 |
1.35% |
539.63 |
10.92 |
8.24 |
Strengths
- The company has a diverse, innovative 22K and 18K gold jewellery range designed for varied customer preferences and repeat wholesale orders.
- Has an experienced promoter, strong management, and skilled workforce driving innovation and quality.
- The company has long-standing relationships with reputed jewellery dealers, contributing significantly to past growth and supporting future expansion.
- The company has In-house manufacturing with advanced tech ensures efficient, secure, and cost-effective production.
Risks
- Dependence on limited suppliers without long-term contracts risks supply delays and price volatility.
- The company has experienced negative cash flows in past years, which may adversely affect its growth and financial stability if sustained.
- Faces strong competition from larger and regional players, risking loss of customers and market share, which may impact its financial performance.
- Labour shortages and rising costs may hurt operations and profits.
- Sources gold via RBI-regulated gold metal loans, benefiting from lower interest rates, but any adverse regulatory changes could negatively impact financial performance.
- Failure to adapt to market trends and customer preferences may hurt business and financial results.