Arjun Jewellers IPO

Arjun Jewellers Ltd. withdrew its Initial Public Offer (IPO) documents filed with the Securities and Exchange Board of India (SEBI) on March 12, 2026. The proposed IPO was a ₹180 crore book-built issue comprising entirely of a fresh issue of shares, with no offer-for-sale (OFS) component. The company had proposed to list its equity shares on both the NSE and BSE. Saffron Capital Advisors Pvt. Ltd. was appointed as the book-running lead manager, while MUFG Intime India Pvt. Ltd. was the registrar to the issue. 

Industry Outlook 

1. The global gems and jewellery industry has evolved over centuries from traditional craftsmanship into a modern, organised and technology-driven sector. 
2. The industry covers a broad range of products, including gold, silver, platinum, diamonds, coloured gemstones and lab-grown stones. 
3. India’s gems and jewellery sector is an important contributor to the country’s exports, accounting for around 10–12% of total merchandise exports. 
4. The sector is also the third-largest commodity export segment in India. 
5. In CY 2022, the industry supported India’s export recovery, with total exports reaching USD 419 billion, representing a 44% increase over CY 2021 and a 34% rise from CY 2020. 
6. Government initiatives have supported the sector’s growth, including a reduction in import duties on cut and polished diamonds from 7% to 5%. 
7. Reforms such as improved hallmarking standards have further strengthened transparency and consumer confidence in the jewellery market. 
8. The government has also provided MSMEs with assistance of up to 90% for activities such as setting up design centres, processing hubs and participating in exhibitions. 
9. These policy initiatives and institutional measures provide structural support for the sector’s medium-term growth prospects. 

Arjun Jewellers IPO Objectives  

The net proceeds from the Arjun Jewellers IPO will be utilised for the following purposes: 

1. The company plans to utilise ₹153.80 crore from the net IPO proceeds to fund inventory costs for setting up three new retail stores in the Saurashtra region.
2. The remaining proceeds will be used for general corporate purposes. 

About Arjun Jewellers Limited  

Incorporated in 2020, Arjun Jewellers Limited is a retail-oriented jewellery company based in Rajkot, Gujarat, engaged in the sale and marketing of gold, silver, platinum, diamond and other precious stone jewellery through its retail stores. Its product range includes necklaces, earrings, rings, bracelets, pendants and bridal jewellery, combining traditional craftsmanship with contemporary designs.  

The company operates 3 showrooms, including two in Rajkot and one in Jamnagar, covering a total operational area of 7,019.91 sq. ft. and serving customers across the Saurashtra region. Its portfolio consists of more than 100 SKUs spanning gold, silver, platinum and diamond jewellery, sourced from vendors in Maharashtra and Gujarat.  

Arjun Jewellers has strengthened its regional presence through a cluster-based expansion strategy, data-driven inventory management and a focus on BIS-hallmarked jewellery. It also operates customer-focused initiatives such as the “Arjun Dream Plan” to encourage repeat purchases and customer loyalty. The company aims to expand its retail network across Gujarat and strengthen its position in the premium jewellery segment through product diversification and enhanced retail experiences. 

How To Check the Allotment Status of the Arjun Jewellers IPO? 

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email. 

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How To Apply for Arjun Jewellers IPO Online? 

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Arjun Jewellers IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

Contact Details of Arjun Jewellers IPO  

Registered Office:  Arjun Jewellers Ltd. Address- Office No. 401, 4th Floor, Pride Capital, Jalaram 1, Street No.2, University Road, Rajkot Sau Uni Area, Rajkot, Gujarat, 360005 

Phone: 02813500800 

E-mail: compliance@arjunjewellers.in 

Arjun Jewellers IPO Reservation 

Arjun Jewellers IPO Promoter Holding 

The promoters of the company are Manishbhai Nathubhai Ghadiya and Ghadiya Raswanti Manish. 

Arjun Jewellers IPO Prospectus 

• Arjun Jewellers IPO DRHP 

Arjun Jewellers IPO Registrar and Lead Managers 

Arjun Jewellers IPO Lead Managers 

• Saffron Capital Advisors Pvt.Ltd 

Registrar for Arjun Jewellers IPO 

MUFG Intime India Pvt.Ltd. 

• Contact Number: 022-49186000
• Email Address: arjunjewellers.ipo@in.mpms.mufg.com 

Financial Performance of Arjun Jewellers Limited 

Strengths and Opportunities of Arjun Jewellers IPO 

1. Offers a wide variety of jewellery products, making it a one-stop destination for customers with different jewellery requirements. 
2. Maintains a diversified product portfolio designed to meet the preferences of a broad customer base. 
3. Follows a cluster-based expansion strategy to accelerate the addition of new retail stores. 
4. Uses targeted marketing and promotional initiatives to strengthen brand visibility and improve customer recall. 
5. The company is led by its founder and supported by an experienced professional management and leadership team. 

Risks and Threats of Arjun Jewellers IPO  

1. Ineffective marketing and promotional activities could reduce customer footfall and negatively affect the company’s business. 
2. Any adverse developments in the Saurashtra region, its key operating market, could impact the company’s retail operations and financial performance. 
3. Failure to maintain adequate inventory levels across its stores could adversely affect business operations and customer demand. 
4. The company’s inability to establish or maintain formal arrangements with suppliers, or any disruption in their operations or failure to meet quality standards, could adversely affect its reputation and business. 
5. Difficulty in securing working capital financing on commercially acceptable terms could negatively affect the company’s operations and growth. 
6. The company has experienced negative cash flows in the past and may continue to report negative cash flows in the future, which could affect its financial position.