AJC Jewel Manufacturers Limited stands as a distinguished name in the world of fine jewelry, renowned for transforming raw gold into timeless masterpieces. From bold, masculine designs to graceful adornments for women and charming styles for children, AJC crafts a wide array of bracelets, bangles, rings, earrings, necklaces, and anklets — catering to the tastes of every generation.

With an unwavering focus on quality, innovation, and traditional artistry, AJC serves a diverse clientele including jewelry dealers, high-end showrooms, corporate buyers, and local retailers. Every piece reflects the brand’s commitment to both craftsmanship and contemporary style.

IPO Snapshot: Opportunity at a Glance

AJC is now entering the capital markets with an Initial Public Offering (IPO) of Rs.15.39 crore. While the issue size is modest, only 5,42,400 shares are reserved for retail investors and 3,03,600 shares for non-institutional investors (NIIs), making it a focused opportunity for discerning participants.

Financially, AJC has shown consistent growth. In FY 2023-24, the company reported a net profit of Rs.6.51 crore on a total revenue of Rs.131.14 crore — a strong performance that reflects robust operations and growing demand. The IPO is priced at a P/E multiple of 12.73, offering investors a fundamentally attractive valuation.

Market Mood & Final Take

Despite strong fundamentals, the broader market is currently witnessing lukewarm investor sentiment, driven by an influx of IPOs and global geopolitical uncertainties. As a result, there is no grey market premium (GMP) at present.

For investors looking beyond short-term noise and focused on value, AJC’s IPO offers a compelling long-term opportunity backed by solid financials and a legacy of craftsmanship.

+ from fundamental angle:  Good