AJC Jewel Manufacture Ltd opens its HNI-exclusive IPO today. Led by experienced promoters, this specialized gold jewelry manufacturer offers investors exposure to India’s growing premium jewelry market.
Company Introduction & Leadership
Founded in 2018 by Mr. Ashraf P, Mr. Kunhimohamed P, and Ms. Fathima Jasna Kottekattu**, AJC Jewel specializes in wholesale manufacturing of:
- Plain Gold Jewelry(33.45% of revenue)
- Diamond/Gemstone-Studded Pieces(42.12%)
- Personalized Name Jewelry(6.34%)
Promoter Shareholding
- Pre-IPO: 76.85%
- Post-IPO: 56.33%
- (Dilution reflects new equity issuance)
Operational Strengths
- 21,780 sq. ft. tech-enabled facility with 3D printing/casting machines
- Product range: 22K/18K gold jewelry for all ages (rings, bangles, necklaces)
- Supplies 200+ dealers & retailers nationwide
AJC Jewel Manufacture Ltd IPO Detail:
- Total Shares 15,36,000
- Issue Size ₹14.59 Cr (HNI only)
- 1 Lot Size/1,200 shares Min. Investment,
- 2 Lots /₹216,000
- 4 Lots | ₹456,000 |
Critical Timeline for AJC Jewel Manufacture Ltd.
- Open: June 23, 2025
- Close: June 26, 2025
- Allotment: June 27, 2025
- Listing: July 1, 2025 (BSE/NSE)
Proceeds Allocation
- 45%: Business expansion
- 30%: Working capital
- 25%: Tech upgrades & capacity scaling
Investment Rationale:
- Promoter Commitment: High post-IPO stake (56.33%) aligns with long-term growth
- Market Positioning: 42% revenue from high-margin studded jewelry
- Operational Edge: In-house CAD design + QC team ensuring product quality
- Sector Tailwinds: Organized jewelry market growing at 15% CAGR
How to Apply for AJC Jewel Manufacture Ltd IPO:
Through ASBA-enabled bank accounts or trading platforms using demat details. Available under “Upcoming Issues” on broker platforms from June 23.
Final Assessment:
This IPO presents an opportunity to invest in a promoter-driven jewelry manufacturer with established processes and growth plans. HNIs should evaluate gold price volatility and consumer demand trends