AJC Jewel Manufacturers Ltd - IPO

AJC Jewel Manufacturers Ltd IPO Details

Initial public offer of upto 16,20,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of AJC Jewel Manufacturers Limited (the Company or AJC Jewel or the issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the Issue Price) aggregating to Rs. [*] crores (the Issue), of which upto 84,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of upto 15,36,000 equity shares of face value of Rs. 10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.70 % and 25.31 % respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 90 to Rs. 95 per equity share of face value of Rs. 10 each.The floor price is 90 times of the face value and the cap price is 95 times of the face value.Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Funding of capital expenditure requirements for purchase of new equipment by the company. Repayment/prepayment of all or certain of borrowings availed by the company. General Corporate Purposes.

AJC Jewel Manufacturers Ltd Contact Details

AJC Jewel Manufacturers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@ajcjewel.com

Website - https:, ajcjewel.com