AJC Jewel Manufacturers IPO Day 4 Highlights: Issue Booked 2.82x; Check Allotment And Other Details

The Initial Public Offering (IPO) of AJC Jewel Manufacturers Limited, a BSE SME issue, closed on Thursday, June 26, after opening on Monday, June 23. Despite lukewarm investor sentiment, the IPO received a subscription of 2.82 times overall.

Here's a quick guide to check your IPO allotment status, find out the listing date, and see the latest updates on the grey market premium (GMP) and other important details.

Subscription Details:

On Day 4 (June 26), the AJC Jewel Manufacturers IPO was subscribed 2.82 times in total. Retail investors subscribed 2.86 times, Non-Institutional Investors (NII) subscribed 1.79 times, and Qualified Institutional Buyers (QIB) subscribed 3.57 times. According to data from chittorgarh.com at 5:04 PM IST, the company received 30,60,000 bids for 10,83,600 shares available.

The subscription to the AJC Jewel Manufacturers IPO increased steadily over the first three days. On Day 1, it was subscribed 20%, followed by 36% on Day 2, and reached 67% by the end of Day 3.

AJC Jewel Manufacturers IPO Allotment and Listing Date:

The share allotment for the AJC Jewel Manufacturers IPO is expected to be finalized on Friday, June 27, 2025. The company will list its shares on the BSE SME platform, with the tentative listing date set for Tuesday, July 1, 2025.

IPO Details:

The IPO is a fresh issue of 15,36,000 equity shares, aiming to raise Rs 14.59 crore. There is no offer for sale (OFS) component in this issue.

The price band for the AJC Jewel Manufacturers IPO was set between Rs 90 and Rs 95 per share, with each share having a face value of Rs 10. Investors were required to place bids for at least 1,200 shares, and could bid in multiples of 1,200 after that.

Smart Horizon Capital Advisors is the lead manager, while Bigshare Services Pvt Ltd is the registrar. Rikhav Securities Limited is acting as the market maker.

The company plans to use the funds raised through the IPO for several purposes, including purchasing new equipment, repaying or reducing existing debt, and covering general business expenses.

Grey Market Premium (GMP):

The GMP for AJC Jewel Manufacturers is Rs 4. This suggests that the share could list at around Rs 99, which is 4.21% higher than the upper end of the IPO price band (Rs 95), according to investorgain.com.

The GMP has ranged between Rs 0 to Rs 9 in the past 11 days, and the current trend shows rising interest in the IPO, indicating a potentially strong stock market debut.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

About the Company:

AJC Jewel Manufacturers Limited is involved in gold jewelry manufacturing. The company produces a wide range of products, including bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children.

The company operates from a rented facility in Malappuram, covering 21,780.76 sq. ft. It uses advanced tools such as 3D printers, casting machines, and polishing equipment to create both plain and studded jewelry in 22K and 18K gold, including rose gold and customized pieces.