About Company
In 1999, Mr. Kunhimohamed Perinkadakkat started this business by opening a small jewellery retail store at Vengara, Malappuram District, Kerala- India
In 2014, he and his son Ashraf Peringadakkat jointly ventured into the gold jewelery manufacturing business by setting up a small factory unit named ‘Vismaya Gold’ in Iringallur.
In 2018, the business expanded under the new name ‘AJC Jewel Manufacturers Ltd’ with modern machines and equipment in a 15000 sq. ft. building at Inkel Industrial Park, Malappuram. Branches were opened to supply the products of AJC in different parts of Kerala and Tamil Nadu.
In 2022, AJC has its own research and development team to invent new designs and introduce them to clients. AJC has a wide selection of jewellery for every occasion. AJC has expert craftsmen capable of doing any type of designs required by the customer.
AJC Jewel (IPO details):
| IPO Date | 23 June 2025 to 26 June 2025 |
| Offer Price | 90 to 95 per share |
| Lot Size | 1200 Share |
| Max Retail Subscription (In Rs.) | 5 lakhs |
| Face Value | 10 per share |
| Issue Size (In Cr.) | 14.58 to 15.39 |
| Fresh Issue (In Cr.) | 14.59 |
| Issue Type | Book Building |
| Listing In | BSE |
AJC Jewel (IPO Schedule):
| IPO Open Date | 23 June 2025 |
| IPO Close Date | 26 June 2025 |
| UPI Mandate deadline | 26 June 2025 (5 PM) |
| Allotment Date | 27 June 2025 |
| Refund Initiation | 30 June 2025 |
| Demat Transfer | 30 June 2025 |
| Listing Date | 01 July 2025 |
| Mandate End | 11 July 2025 |
Financial Information of AJC Jewel IPO
| Financial End | March 2022 | March 2023 | March 2024 |
| Revenue (In Cr.) | 127.4 | 194.25 | 246.84 |
| Profit After Tax (In Cr.) | 1.26 | 2.04 | 3.32 |
| Total Assets (In Cr.) | 16.42 | 36 | 36.73 |
Objective of AJC Jewel IPO
| Purpose | In Cr. | Percentage (%) |
| Funding for capital expenditure requirements | 2.63 | 18% |
| Repayment/prepayment of borrowings | 8.9 | 61% |
| General Corporate Purposes | – | |
List of Promoters
- Mr. Ashraf P
- Mr. Kunhimohamed P
- Ms. Fathima Jasna Kottekkattu
Prospectus of AJC Jewel IPO
| Address of ACJ Jewel Manufacturers Ltd. |
| AJC Jewel Manufacturers Limited 38/227-Z, Inkel Greens Edu City, Karathode-Konampara Road, Panakkad Village, Pattarkadavu, Malappuram, Ernad, Kerala-676519 Phone: +91 9567916106 Email: investors@ajcjewel.com Website: https://ajcjewel.com |
| AJC Jewel IPO Registrar |
| Bigshare Services Private Limited Andheri (East) Mumbai – 400 093 Tel No: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
ACJ Jewel IPO Lead Manager
- Smart Horizon Capital Advisors Private Limited
According to Zerodha, ACJ Jewel has the following advantages & disadvantages.
Advantages
- The company has a diverse, innovative 22K and 18K gold jewellery range designed for varied customer preferences and repeat wholesale orders.
- The company has an experienced promoter, strong management, and skilled workforce driving innovation and quality.
- The company has long-standing relationships with reputed jewellery dealers, contributing significantly to past growth and supporting future expansion.
- The company has In-house manufacturing with advanced tech ensures efficient, secure, and cost-effective production.
Disadvantages
- Dependence on limited suppliers without long-term contracts risks supply delays and price volatility.
- The company has experienced negative cash flows in past years, which may adversely affect its growth and financial stability if sustained.
- Faces strong competition from larger and regional players, risking loss of customers and market share, which may impact its financial performance.
- Labour shortages and rising costs may hurt operations and profits.
- Sources gold via RBI-regulated gold metal loans, benefiting from lower interest rates, but any adverse regulatory changes could negatively impact financial performance.
- Failure to adapt to market trends and customer preferences may hurt business and financial results.