The AJC Jewel IPO is a book-building issue worth Rs 14.59 crore. The SME public offer comprises only a fresh issue of 15.36 lakh shares.
The price band for the IPO has been fixed between Rs 90 and Rs 95 per share.
Retail investors can invest in the IPO by bidding for at least two lots of 2,400 shares, amounting to a minimum investment of Rs 2,28,000. For High Net-Worth Individuals (HNI), the minimum application size is three lots, or 3,600 shares, aggregating to an investment of Rs 3,42,000.
The company has set aside 3,03,600 (18.74%) shares for the Qualified Institutional Buyers (QIBs) and 2,37,600 (14.67%) shares for the Non-Institutional Investors (NIIs). The retail quota of the IPO comprises 5,42,400 (33.48%) shares. The company allocated 4,52,400 (27.93%) shares to anchor investors. The market maker portion of the IPO comprised 84,000 (5.19%) shares.
Smart Horizon Capital Advisors Pvt. is the book-running lead manager of the AJC Jewel IPO. Bigshare Services Pvt. is the issue registrar and Rikhav Securities Ltd. is the market maker.
