AJC Jewel Manufacturers Ltd IPO
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AJC Jewel Manufacturers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 16.2 L | TBA | ₹ 5.42 L | ₹ 34.18 L | BSE | ₹ 15.39 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Jun, 25 | 26 Jun, 25 | 2400 | ₹ 2,16,000 | Book Building - SME | 01 Jul, 25 |
AJC Jewel Manufacturers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Diamond Cutting |
| Sub Sector | Jewellery |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1.43x | 756000 | 1083600 |
| NII | 2.15x | 237600 | 510000 |
| Retail | 0x | 542400 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 1.94x | 1620000 | 3148800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
AJC Jewel Manufacturers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.74 | 3.09 | 1.82 |
| EBITDA | 5.05 | 3.33 | 1.89 |
| PAT | 3.24 | 1.99 | 1.22 |
| Total Assets | 32.78 | 32.47 | 15.19 |
| Share Capital | 4.45 | 2.84 | 2.84 |
| Total Borrowings | 10.59 | 10.01 | 3.79 |
| Operating Activities (Net Cash) | 3.55 | 2.23 | 1.29 |
| Investing Activities (Net Cash) | 0.00 | -0.60 | 0.00 |
| Financing Activities (Net Cash) | 10.59 | 10.01 | 3.79 |
| Net Cashflow | 0.22 | 0.17 | 0.11 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About AJC Jewel Manufacturers Ltd
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.
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.
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.
Peer Comparison:
- Sky Gold & Diamonds Ltd
- Patdiam Jewellery Ltd
AJC Jewel Manufacturers Ltd IPO Key Points
Strengths
- 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.
Risk
- We depend on few suppliers for our raw materials required for our operations and we have not entered into any long term agreements and any delays, interruptions or reduction in the supply of raw materials to manufacture our products and any abrupt fluctuations in the prices of our raw materials may adversely affect the pricing of our products and may have an impact on our Business, Results of Operation, Financial Condition and Cash Flows.
- The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
- The company faces significant competition in the Indian jewellery market, its risk losing substantial portion of its customers which will adversely affect its business, financial condition, results of operations and prospects.
Strategy
- Continue to invest in our manufacturing operations.
- Improving Debt - Equity Ratio.
- Adding new designs to our product portfolio.
- Increasing Operational efficiency.
- 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.
How To Apply for AJC Jewel Manufacturers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
