AJC Jewel SME: Check IPO Date, Live Subscription and Key Details
AJC Jewel Manufacturers is engaged in the business of manufacturing and designing a wide range of wholesale gold jewellery. They offer an extensive range of gold jewellery designs in 22-karat and 18-karat, including plain gold, rose gold, and jewellery studded with Cubic Zircon and/or coloured stones. Their product portfolio includes Anklets, Bangles, Bracelets, Earrings, Necklaces, Nose Pins, Pendants, Rings, and customized named jewellery. The products are sold in bulk to local dealers, showrooms, corporate clients, and small-scale jewellery shops. The manufacturing facility is located at Inkel Greens Edu City, Malappuram, Kerala, across 21,780.76 sq. ft., equipped with modern machinery like 3D printers, wax injectors, casting machines, and polishing equipment.
Key Metrics
Check Live GMP
Timeline
IPO Opens
23 Jun
IPO Closes
26 Jun
Allotment
27 Jun
Listing
1 Jul
IPO Objectives
- 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.
- General corporate purposes.
Strengths
- Wide product range with unique and diverse designs in 22K and 18K gold, including plain, studded, and customized named jewellery.
- Experienced Promoter and management team with proven execution capabilities and a skilled workforce, enabling contemporary designing and efficient operations.
- Long-standing relationships with reputed jewellery dealers, showrooms, and corporate clients, providing a stable B2B distribution network.
- Organized manufacturing setup under one roof in a 21,780.76 sq. ft. facility equipped with modern machinery like 3D printers, wax injectors, and casting machines, ensuring quality and efficiency.
- Consistent financial growth with revenue increasing significantly over the last three fiscal years and a healthy profit after tax growth.
Weaknesses
- Heavy reliance on a few suppliers for key raw materials, especially gold bullion, without long-term contracts, exposing the company to supply disruptions and price volatility.
- Significant customer concentration, with a large portion of revenue generated from a limited number of customers (top 10 customers contributed 64.60% in FY24), making the business vulnerable to the loss of a major client.
- Geographic concentration of business operations, with the majority of sales and the manufacturing facility located in Kerala, exposing the company to regional economic, social, or political risks.
- Absence of long-term contracts with customers, relying solely on purchase orders, which increases the risk of order cancellations or modifications.
- Exposure to gold price volatility and shifting consumer preferences, which can affect demand, pricing, and profitability.
- Labor-intensive operations and dependence on skilled labor, making the company susceptible to rising manpower costs and labor availability challenges.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 34.28 | 36.73 | 36 | 16.42 |
| Revenue (₹ Cr.) | 175.53 | 246.84 | 194.25 | 127.4 |
| PAT (₹ Cr.) | 1.85 | 3.32 | 2.04 | 1.26 |
| Net Worth (₹ Cr.) | 13.9 | 12.04 | 7.12 | 5.08 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| AJC Jewel SME | 3.55 | 23.33 | 34.64 | 13.9 |
| Sky Gold & Diamonds | 6.81 | 35.14 | 19.4 | 244 |
| Patdiam Jewellery Ltd | 2.28 | 13.71 | 16.61 | 59.75 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.00x | 0.00x | 0.00x | 3.57x |
| NII | 0.40x | 0.16x | 0.19x | 1.79x |
| RII | 0.23x | 0.64x | 1.26x | 2.84x |
| Total | 0.20x | 0.36x | 0.67x | 2.82x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,03,600 | 10,83,600 | 10.29 |
| NII | 2,37,600 | 4,26,000 | 4.05 |
| RII | 5,42,400 | 15,40,800 | 14.64 |
| Total | 10,83,600 | 30,50,400 | 28.98 |
Company Details
- 38/227-Z, Inkel Greens Edu City, Karathode-Konampara Road, Panakkad Village, Pattarkadavu, Malappuram, Ernad, Malappuram, Kerala-676519, India
- +91 9567916106
- investors@ajcjewel.com
- https://ajcjewel.com/ab
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html