AJC Jewel Manufacturers IPO Day 3: Retail Portion Oversubscribed, Overall Subscription at 0.75 Times

Authored By Ankur Chandra | Published at: Jun 25, 2025 06:06 PM IST

AJC Jewel IPO Day 3: Retail Fully Subscribed, 0.75x Overall

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Mumbai, June 25, 2025 : The AJC Jewel Manufacturers IPO continued to see strong retail interest on Day 3, as the retail category was fully subscribed with an overall issue coverage of 0.75 times. The ₹11.09 crore issue, comprising 11,67,600 equity shares, opened on June 23 and will close on June 26, 2025.

IPO Snapshot

Detail	Information
Security Type	Equity
Symbol	AJCJEWEL
Issue Period	June 23 – June 26, 2025
Issue Size	11,67,600 Equity Shares
Price Band	₹90 – ₹95 per share
Face Value	₹10 per share
Market Lot	1,200 shares
Minimum Bid Quantity	2,400 shares
Maximum Bid (QIB)	10,83,600 shares
Maximum Bid (NII)	7,80,000 shares
Tick Size	₹1
Eligible Categories	FI, IC, MF, FII, OTH, CO, IND, NOH
UPI Enabled For	IND
Listing Platform	BSE SME

Day 3 Subscription Status (as of 5:00 PM, June 25)

Investor Category	Shares Offered	Bids Received	Subscription (x)
Qualified Institutional Buyers	3,03,600	–	0.00
Non-Institutional Investors	3,21,600	1,29,600	0.26
Retail Individual Investors	5,42,400	6,84,000	1.26
Total	10,83,600	8,13,600	0.75

The retail category, backed by strong demand, exceeded its reserved quota, while QIB participation remains absent as of Day 3. The NII portion showed moderate activity.

Price-Wise Bid Distribution

Bid Price (₹)	Shares Bid For
90.00	8,13,600
92.00	7,84,800
93.00	7,77,600
94.00	7,75,200
95.00	7,72,800

The majority of the bids are concentrated at the floor price of ₹90, highlighting cautious investor sentiment.

Lead Manager and Registrar

Book Running Lead Manager: Smart Horizon Capital Advisors Pvt Ltd
Registrar: Bigshare Services Pvt Ltd

Outlook: With one day left in the bidding window, the final subscription push particularly from institutional investors will be critical. The full picture will emerge by the close on June 26, determining whether the issue clears comfortably or remains undersubscribed in key segments.

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