Archive · 18 Jun 2025
AJC Jewel Manufacturers IPO Opens June 23, Price Set
AJC Jewel Manufacturers, a company that makes gold jewelry, is offering shares to the public in an IPO.
The IPO starts on June 23, and each share will cost between ₹90 and ₹95.
They aim to raise money to buy new equipment, pay off debts, and for general company use.
The company makes various gold jewelry items like rings, necklaces, and bracelets.
The initial price on the stock market might be higher than the IPO price, around ₹104 per share, according to current estimates.
AJC Jewel Manufacturers IPO opens June 23 with price range of ₹90-95.
The IPO comprises a fresh issue of 15,36,000 equity shares, totaling ₹14.59 crore.
Proceeds will finance new equipment, debt repayment, and general corporate needs.
The company manufactures gold jewelry, including bracelets, rings, and necklaces.
Grey Market Premium (GMP) is +9, indicating a potential listing price of ₹104.
- Who
- AJC Jewel Manufacturers is the company issuing the IPO.
- What
- AJC Jewel Manufacturers is launching an Initial Public Offering (IPO).
- When
- The IPO opens on June 23 and closes on June 26.
- Where
- The company operates from a manufacturing facility in Malappuram.
- Why
- The IPO is to raise funds for equipment, debt, and general purposes.
- IPO Open Date
- June 23
- IPO Close Date
- June 26
- Price Band
- ₹90-95 per share
- Issue Size
- ₹14.59 crore
- Share Face Value
- ₹10
- GMP
- +9