AJC Jewel IPO is a book-built issue IPO, aiming to raise ₹15.39 crore. It is an entirely a fresh issue of 16.20 lakh shares. The bidding window was open from June 23, 2025, to June 26, 2025, with the IPO allotment to be finalised tomorrow on June 27, 2025. AJC Jewel is scheduled to list on BSE SME on July 1, 2025.
The IPO was priced at a range of ₹90 - ₹95 per share with a lot size of 1200 shares. The public issue received bids for 30,60,000 shares against 10,83,600 shares available, resulting in an overall subscription of 2.82 times. QIBs led the response, subscribing 3.57 times their quota, followed by retail investors at 2.86 times.
AJC Jewel' ₹15.39 crore IPO, priced between ₹90 - ₹95 per share, was subscribed 2.82 times overall. The IPO is an entirely a fresh issue of 16.20 lakh shares. Bidding took place from June 20 to June 26, 2025, with the AJC Jewel IPO allotment status on June 27, 2025. Retail investors subscribed 2.86 and NIIs 1.79 times. Listing is expected on July 1, 2025.
The table below breaks down the AJC Jewel share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
Market Maker Shares Offered | 84,000 (4.93%) |
Anchor Investor Shares Offered | 4,52,400 (26.55%) |
QIB (Ex. Anchor) Shares Offered | 3,03,600 (17.82%) |
NII (HNI) Shares Offered | 2,37,600 (13.94%) |
Retail Shares Offered | 5,42,400 (31.83%) |
Total Shares Offered | 17,04,000 (100.00%) |
Data Source: BSE
Category | Subscription (times) |
Qualified Institutional Buyers | 3.57 |
Non-Institutional Investors | 1.79 |
Retail Individual Investors | 2.86 |
Total shares | 2.82 |
Note: The subscription details are as of June 26, 2025
AJC Jewel Manufacturers Limited is involved in manufacturing and designing a wide variety of wholesale gold jewellery. The product range includes plain gold, studded gold, and personalised named jewellery available in both 22 karat and 18 karat gold.
As of December 31, 2024, revenue was primarily contributed by studded jewellery at 42.12%, followed by plain gold at 33.45%, and named jewellery at 6.34%. The company caters to dealers, showrooms, corporates, and small jewellery shops.
Its collection features anklets, bangles, bracelets, earrings, necklaces, pendants, rings, and customised name-based designs for men, women, and children. Jewellery designs are crafted by in-house CAD designers and freelance experts.
AJC Jewel began operations under the brand “Vismaya Gold” in 2014 and was officially incorporated as a private limited company in 2018. It later became a public limited company in 2024. The manufacturing unit is located at Inkel Greens Edu City, Malappuram, spanning 21,780.76 sq. ft. on lease, and is equipped with modern machinery for seamless production.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 26, 2025, 7:02 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates