AJC Jewel IPO

AJC Jewel Manufacturers designs and manufactures gold jewellery for wholesale distribution. The company’s products include plain gold, studded, and name-personalised jewellery, made in 22-karat and 18-karat gold. The company processes raw gold, such as bullion, along with necessary materials to create finished pieces, which are then supplied in bulk to dealers, showrooms, corporate clients, and small jewellery retailers. The company offers designs in plain gold, rose gold, and pieces adorned with cubic zirconia or coloured stones and manufactures collections for men, women, and children The company’s product line-up consists of anklets, bangles, bracelets, earrings, necklaces, nose pins, pendants, and rings. Use of Proceeds: The IPO is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To fund capital expenditure for the purchase of new equipment Repayment or prepayment of certain existing borrowings availed of by the company. General corporate purposes. ;