AJC Jewel Manufacturers Ltd is involved in the jewellery manufacturing sector for all genders and ages. (image/ajcjewel.com)
Malappuram, Kerala: AJC Jewel Manufacturers Limited, a jewellery manufacturer based in Malappuram, Kerala, has announced the launch of its Initial Public Offering (IPO) with a total issue size of Rs 15.39 crore at the upper price band. The company aims to raise funds by offering 16.20 lakh equity shares, with the price band set between Rs 90 to Rs 95 per share.
The IPO has opened for anchor investors on Friday, June 20, 2025, with 4,52,400 equity shares earmarked for this category. The public issue will open on Monday, June 23, 2025, and will close on Thursday, June 26, 2025.
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According to the company’s filing, 3,03,600 equity shares are allocated under the Net Qualified Institutional Buyers (QIB) quota (excluding anchor), 2,37,600 shares under the Non-Institutional Investor (NII) quota, 5,42,400 shares under the Retail Individual Investor (RII) category, and 84,000 shares under the Market Maker (MM) quota.
The lot size for bidding is 1,200 equity shares, with a minimum application size of 2,400 shares, and thereafter in multiples of 1,200.
The IPO will be listed on the Bombay Stock Exchange (BSE) and is being managed by Smart Horizon Capital Advisors Pvt. Ltd., the Book Running Lead Manager.
AJC Jewel Manufacturers Limited is involved in the jewellery manufacturing sector, focusing on creating bracelets, bangles, rings, earrings, necklaces, and anklets for all genders and ages. The company produces finished gold jewellery using raw bullion and supplies, providing a diverse range of designs
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Operating from a leased manufacturing facility of 21,780.76 Sq. Ft. in Malappuram, AJC Jewel is equipped with cutting-edge machinery such as 3D printers, casting machines, and polishing tools to ensure efficient jewelry production.
AJC Jewel Manufacturers Limited creates plain gold, studded gold, named gold, and rose gold jewelry, including rings, pendants, chains, necklaces, anklets, bracelets, bangles, and earrings, available in both 22K and 18K for men, women, and children.
