AJC Jewel Manufacturers IPO vs Grandmaa International IPO

Comparison between AJC Jewel Manufacturers IPO and Grandmaa International IPO.

IPO Details

AJC Jewel Manufacturers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Grandmaa International IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of AJC Jewel Manufacturers IPO is up to ₹14.59 Cr whereas the issue size of the Grandmaa International IPO is up to ₹0.00 Cr. The final issue price of AJC Jewel Manufacturers IPO is ₹95.00 per share and of Grandmaa International IPO is .

 AJC Jewel Manufacturers IPOGrandmaa International IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹95.00 per share
Issue Price (Final)₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size15,36,000 shares30,00,000 shares
Fresh Issue Size (Amount)up to ₹14.59 Crup to ₹0.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,36,000 shares30,00,000 shares
Issue Size Total (Amount)up to ₹14.59 Crup to ₹0.00 Cr

IPO Timetable

AJC Jewel Manufacturers IPO opens on Jun 23, 2025, while Grandmaa International IPO opens on . The closing date of AJC Jewel Manufacturers IPO and Grandmaa International IPO is Jun 26, 2025, and , respectively.

Financials & KPIs

AJC Jewel Manufacturers IPO P/E ratio is 12.73, as compared to Grandmaa International IPO P/E ratio of .

 AJC Jewel Manufacturers IPOGrandmaa International IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets34.2836.7336.0016.42
Total Income175.53246.84194.25127.40
Profit After Tax1.853.322.041.26
EBITDA3.645.403.942.14
NET Worth13.9012.047.125.08
Reserves and Surplus9.457.604.282.24
Total Borrowing18.4122.4826.236.61
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets51.6644.2333.1914.51
Total Income21.0839.0328.1610.74
Profit After Tax2.835.263.030.64
EBITDA5.359.785.181.43
NET Worth23.9721.259.003.13
Reserves and Surplus17.6814.965.510.64
Total Borrowing22.6120.7517.107.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)76.85%100%
Promoter Shareholding (Post-Issue)56.33%100%
P/E Ratio12.73
Market Cap₹56.85 Cr.
ROE34.6434.77
ROCE17.4730.08
Debt/Equity1.870.98
EPS₹7.46
RoNW27.5624.75

Shares Offered

In the AJC Jewel Manufacturers IPO Retail Individual Investors (RII) are offered 5,42,400 shares while in Grandmaa International IPO retail investors are offered 5,42,400 shares. Qualified Institutional Buyers (QIB) are offered 3,03,600 shares in AJC Jewel Manufacturers IPO and 0 shares in Grandmaa International IPO.

 AJC Jewel Manufacturers IPOGrandmaa International IPO
Anchor Investor Reservation4,52,400 shares0 shares
Market Maker Reservation84,000 shares0 shares
QIB3,03,600 shares0 shares
NII2,37,600 shares0 shares
RII5,42,400 shares0 shares
Employee0 shares
Others
Total15,36,000 shares0 shares

Bids Received (Subscription)

AJC Jewel Manufacturers IPO subscribed 1.99x in total, whereas Grandmaa International IPO subscribed .

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AJC Jewel Manufacturers IPO Vs Grandmaa International IPO