Latest news with #AJCJewelManufacturers
Business Standard
01-07-2025
- Business
- Business Standard
BSE SME AJC Jewel Manufacturers softens after sparkling start
Shares of AJC Jewel Manufacturers were trading at Rs 94.45 on the BSE, a discount of 0.58% compared with the issue price of Rs 95. The scrip was listed at Rs 99, a premium of 4.21% compared with the initial public offer (IPO) price. The stock was currently down 4.60% over its listing price. The counter hit a high of Rs 99 and a low of Rs 94.05. About 2.32 lakh shares of the company changed hands at the counter. AJC Jewel Manufacturers's IPO was subscribed 2.90 times. The issue opened for bidding on 23 June 2025 and it closed on 26 June 2025. The price band of the IPO was set at Rs 90 to Rs 95 per share. The IPO comprised fresh issue of 16,20,000 equity shares. The promoter and promoter group shareholding diluted to 76.85% from 56.33% pre-issue. The company intends to utilize the net proceeds to funding of capital expenditure requirements for purchase of new equipment by the company, repayment/prepayment of all or certain of the borrowings availed of by the company and general corporate purposes. Ahead of the AJC Jewel Manufacturers on 20 June 2025, raised Rs 4.29 crore from anchor investors. The board has allotted 4.52 lakh shares at Rs 95 per share to 2 anchor investors. AJC Jewel Manufacturers is engaged in the business of manufacturing and designing a wide range of wholesale gold jewellery, including plain gold, studded, and customized name jewellery, available in 22 karat and 18 karat options. The company manufactures finished gold jewellery from raw gold (i.e., bullions) and required consumables, and sells it in wholesale quantities to dealers, showrooms, corporates, and small jewellery retailers. As of 28 February 2025, the company had employed 67 personnel at its manufacturing plant and registered office. The company recorded revenue from operations of Rs 175.04 crore and net profit of Rs 1.85 crore for the period ended 31 December 2025.
Economic Times
01-07-2025
- Business
- Economic Times
AJC Jewel IPO shares to list today. GMP suggests moderate premium on debut
Kerala-based AJC Jewel Manufacturers is set to debut on the BSE SME platform today after successfully completing its Rs 15.39 crore IPO. Market analysts suggest a grey market premium (GMP) of Rs 4 ahead of its listing, indicating mild positive sentiment around the stock in the unofficial market. ADVERTISEMENT The book-built issue was open from June 23 to June 26, and saw healthy interest across investor categories, with the allotment completed on June 27. The IPO was priced at Rs 95 per share. The IPO comprised a fresh issue of 16.20 lakh shares, with no offer-for-sale component. Post-issue, the total share capital stands at 59.84 lakh shares, translating to a market capitalization of around Rs 56.85 crore at the issue price. The issue was managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar, and Rikhav Securities serving as market in 2018, AJC Jewel Manufacturers is involved in crafting a wide variety of gold jewelry including bangles, rings, earrings, and necklaces for men, women, and Malappuram-based 21,780 sq ft facility is fully equipped with advanced machinery such as 3D printers and casting machines, enabling a fully integrated design-to-delivery manufacturing flow. ADVERTISEMENT The company plans to use the IPO proceeds to fund capital expenditure for new equipment (Rs 2.63 crore), repay or prepay existing borrowings (Rs 8.9 crore), and for general corporate the company posted Rs 246.84 crore in revenue for FY24 with a PAT of Rs 3.32 crore. ADVERTISEMENT While the GMP suggests modest listing gains, market watchers caution that actual performance on debut will depend on broader market sentiment and retail interest. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
01-07-2025
- Business
- Time of India
AJC Jewel IPO shares to list today. GMP suggests moderate premium on debut
Kerala-based AJC Jewel Manufacturers is set to debut on the BSE SME platform today after successfully completing its Rs 15.39 crore IPO. Market analysts suggest a grey market premium (GMP) of Rs 4 ahead of its listing, indicating mild positive sentiment around the stock in the unofficial market. The book-built issue was open from June 23 to June 26, and saw healthy interest across investor categories, with the allotment completed on June 27. The IPO was priced at Rs 95 per share. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Xu hướng nhà container: Giải pháp nhà ở hiện đại và bền vững Visionary Echo Undo The IPO comprised a fresh issue of 16.20 lakh shares, with no offer-for-sale component. Post-issue, the total share capital stands at 59.84 lakh shares, translating to a market capitalization of around Rs 56.85 crore at the issue price. The issue was managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar, and Rikhav Securities serving as market maker. Founded in 2018, AJC Jewel Manufacturers is involved in crafting a wide variety of gold jewelry including bangles, rings, earrings, and necklaces for men, women, and children. Live Events Its Malappuram-based 21,780 sq ft facility is fully equipped with advanced machinery such as 3D printers and casting machines, enabling a fully integrated design-to-delivery manufacturing flow. The company plans to use the IPO proceeds to fund capital expenditure for new equipment (Rs 2.63 crore), repay or prepay existing borrowings (Rs 8.9 crore), and for general corporate purposes. Financially, the company posted Rs 246.84 crore in revenue for FY24 with a PAT of Rs 3.32 crore. While the GMP suggests modest listing gains, market watchers caution that actual performance on debut will depend on broader market sentiment and retail interest. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
23-06-2025
- Business
- Economic Times
AJC Jewel Manufacturers IPO opens today: Check price band, GMP and other details
AJC Jewel Manufacturers is set to launch its IPO on June 23, aiming to raise up to Rs 15.39 crore through a fresh issue of shares. With a price band of Rs 90-95 per share, the IPO has already garnered anchor investor interest of Rs 4.30 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of AJC Jewel Manufacturers will open for subscription on June 23 and will remain open till June 26. The company aims to raise up to Rs 15.39 crore through a completely fresh issue of 16.20 lakh IPO is being offered in the price band of Rs 90 to Rs 95 per share, with a minimum lot size of 1,200 shares. This translates to a retail investment of Rs 1,08,000 at the lower end and Rs 1,14,000 at the upper end of the price of the issue opening, the GMP is around Rs 9, which is about 9% premium over the issue investors have already committed Rs 4.30 crore in the pre-IPO placement, subscribing to 4.52 lakh shares. Allotment of shares is likely to be finalized on June 27, with listing expected on the BSE SME platform on July Horizon Capital Advisors is the lead manager for the issue, and Bigshare Services is the registrar. Rikhav Securities will act as the market in Malappuram, Kerala, AJC Jewel is engaged in designing and manufacturing gold jewellery, including bangles, rings, earrings, bracelets, and necklaces in both 22K and 18K 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 company sells through a network of dealers, showrooms, corporates, and retail AJC Jewel reported revenue of Rs 246.84 crore and net profit of Rs 3.32 crore for FY24. The company intends to use IPO proceeds for equipment purchase (Rs 2.63 crore), debt repayment (Rs 8.90 crore), and general corporate purposes.
Time of India
23-06-2025
- Business
- Time of India
AJC Jewel Manufacturers IPO opens today: Check price band, GMP and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of AJC Jewel Manufacturers will open for subscription on June 23 and will remain open till June 26. The company aims to raise up to Rs 15.39 crore through a completely fresh issue of 16.20 lakh IPO is being offered in the price band of Rs 90 to Rs 95 per share, with a minimum lot size of 1,200 shares. This translates to a retail investment of Rs 1,08,000 at the lower end and Rs 1,14,000 at the upper end of the price of the issue opening, the GMP is around Rs 9, which is about 9% premium over the issue investors have already committed Rs 4.30 crore in the pre-IPO placement, subscribing to 4.52 lakh shares. Allotment of shares is likely to be finalized on June 27, with listing expected on the BSE SME platform on July Horizon Capital Advisors is the lead manager for the issue, and Bigshare Services is the registrar. Rikhav Securities will act as the market in Malappuram, Kerala, AJC Jewel is engaged in designing and manufacturing gold jewellery, including bangles, rings, earrings, bracelets, and necklaces in both 22K and 18K 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 company sells through a network of dealers, showrooms, corporates, and retail AJC Jewel reported revenue of Rs 246.84 crore and net profit of Rs 3.32 crore for FY24. The company intends to use IPO proceeds for equipment purchase (Rs 2.63 crore), debt repayment (Rs 8.90 crore), and general corporate purposes.
