31 Mar 2022
Assets16.42
Total Income127.40
EBITDA2.14
Profit After Tax1.26
NET Worth5.08
Reserves and Surplus2.24
Total Borrowing6.61
At a glance
Updated 2026-09-11The shares listed at ₹99.00, a 4.21% move from the issue price. AJC Jewel Manufacturers is a SME IPO with an issue size of ₹15.39 crore, proposed for listing on BSE SME. The offer opens on 23rd Jun 2025 and closes on 26th Jun 2025. The issue structure includes a fresh issue of ₹14.59 crore. The current listing schedule points to 1st Jul 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹15.39 Cr
Fresh issue₹14.59 Cr
Face value₹10
Price band₹90.00–₹95.00
Allotment27th Jun 2025
Listing1st Jul 2025
Listing performance
Full performance ↗Issue price₹95.00
Listing price₹99.00
Current price—
Listing gain4.21%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹4.00
GMP / upper price4.21%
Est. listing₹99.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Jun 2025
Closes26th Jun 2025
Allotment27th Jun 2025
Refund30th Jun 2025
Demat30th Jun 2025
Listing1st Jul 2025
Subscription demand
Full bidding ↗Total2.82×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹228,000 |
Company
Incorporated2018
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure requirements for purchase of new Equipment by the Company | ₹2.63 Cr |
| Repayment/prepayment of all or certain of the borrowings availed of by the Company | ₹8.90 Cr |
| General Corporate Purposes | ₹2.16 Cr |
| Issue expenses | ₹1.87 Cr |
| Total | ₹15.55 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue175.53₹ Cr · -28.9% vs prior year
EBITDA3.64₹ Cr · -32.6% vs prior year
PAT1.85₹ Cr · -44.3% vs prior year
Assets34.28₹ Cr · -6.7% vs prior year
Net Worth13.90₹ Cr · +15.4% vs prior year
Borrowing18.41₹ Cr · -18.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets36.00
Total Income194.25
EBITDA3.94
Profit After Tax2.04
NET Worth7.12
Reserves and Surplus4.28
Total Borrowing26.23
31 Mar 2024
Assets36.73
Total Income246.84
EBITDA5.40
Profit After Tax3.32
NET Worth12.04
Reserves and Surplus7.60
Total Borrowing22.48
31 Dec 2024
Assets34.28
Total Income175.53
EBITDA3.64
Profit After Tax1.85
NET Worth13.90
Reserves and Surplus9.45
Total Borrowing18.41
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 34.64% |
| ROCE | 17.47% |
| Debt / Equity | 1.87% |
| RoNW | 27.56% |
| PAT Margin | 1.35% |
| EBITDA Margin | 2.19% |
| Price to Book Value | 3.18 |
Valuation & shareholding
Pre-IPO EPS7.46
Post-IPO EPS4.13
Pre-IPO P/E12.73
Post-IPO P/E23.01
Promoter holding pre76.85%
Promoter holding post56.33%
Market cap₹56.85 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| AJC Jewel Manufacturers IPO | — | 23.01 x | — | — |
| SMR Jewels IPO | — | 10.18 x | — | — |
| Yaashvi Jewellers IPO | — | 10.32 x | — | — |
| Grover Jewells IPO | — | 7.12 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure requirements for purchase of new Equipment by the Company | ₹2.63 Cr |
| Repayment/prepayment of all or certain of the borrowings availed of by the Company | ₹8.90 Cr |
| General Corporate Purposes | ₹2.16 Cr |
| Issue expenses | ₹1.87 Cr |
| Total | ₹15.55 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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