Arjun Jewellers Ltd. IPO Details
Arjun Jewellers was incorporated on December 1, 2017. The company is a retail-focused jewellery brand marketing and selling gold, silver, platinum, diamond, and precious stone jewellery through its own stores. Headquartered in Rajkot, it offers a diverse range of necklaces, earrings, rings, bracelets, and pendants, known for craftsmanship and creative design
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹1,800.0 M | DRHP DOC |
Arjun Jewellers issue details
Arjun Jewellers IPO issue size is ₹ 1,800.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Arjun Jewellers IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Arjun Jewellers NUMBER OF SHARES ON OFFER
Arjun Jewellers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 383.3 | 15.2 | -5.1 | -5.4 | 6.4% |
| FY24 | 280.3 | 6.2 | -23.8 | -24.5 | 4.3% |
| FY23 | 145.9 | 0.1 | -10.6 | -11.6 | 1.6% |
Arjun Jewellers INFORMATION ON IPO ISSUE
About Arjun Jewellers
Arjun Jewellers was incorporated on December 1, 2017. The company is a retail-focused jewellery brand marketing and selling gold, silver, platinum, diamond, and precious stone jewellery through its own stores. Headquartered in Rajkot, it offers a diverse range of necklaces, earrings, rings, bracelets, and pendants, known for craftsmanship and creative design
Object of the Issue
- Funding Inventory cost towards setting up of three new stores in Saurashtra
- General corporate purposes
Arjun Jewellers - PROMOTERS
| Name |
|---|
| Manishbhai Nathubhai Ghadiya |
| Ghadiya Raswanti Manish |
Arjun Jewellers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Manishbhai Nathubhai Ghadiya | Chairman & Managing Director |
| Raswanti Manish Ghadiya | Whole Time Director |
| Hitesh B Vasoya | Executive Director |
| Mahipal Singh Chouhan | Independent Director |
| Shruti Gupta | Independent Director |
| Arun Dash | Independent Director |
Arjun Jewellers Book Running Lead Manager
Saffron Capital Advisors Private Limited
ipos@saffronadvisor.com
Arjun Jewellers Registrar to the Offer
MUFG Intime India Private Limited
arjunjewellers.ipo@in.mpms.mufg.com
Arjun Jewellers Strengths
Diversified product portfolio
The company offers jewellery schemes, including the ‘Arjun Dream Plan,’ along with exchange, buyback, and festival-based discounts to enhance customer loyalty and repeat engagement. Structured loyalty programs, such as card-based discounts, further incentivise repeat purchases, supporting market growth and expanded customer reach
Expansion through cluster-based approach
The company’s showrooms are strategically located in high-traffic areas of Rajkot and recently expanded to Jamnagar, chosen for visibility, accessibility, and local demand. Using a cluster-based approach enhances local market understanding, inventory management, supply chain efficiency, brand visibility, and employee productivity while fostering long-term customer relationships
Targeted marketing
The company engages a third-party agency to manage its branding and marketing across digital, print, and outdoor channels. The agency handles social media content, campaigns, influencer partnerships, print ads, and hoardings, helping the company maintain a strong brand presence, including over 74,800 Instagram followers
Arjun Jewellers Risks
Inventory management
The company relies on accurate demand forecasting to maintain optimal inventory of gold, silver, platinum, diamond, and other jewellery across its stores. Poor inventory management could lead to overstocking or shortages, affecting sales and customer satisfaction, though an ERP system supports real-time inventory monitoring
Capital intensive
The company requires substantial working capital to maintain high-value jewellery inventory across gold, silver, platinum, diamonds, and other precious stones. Inability to meet these requirements on acceptable terms could adversely affect operations, financial condition, and revenue generation
Seasonal fluctuations
The company’s sales and revenue are highly seasonal, driven by cultural events, festivals, and wedding seasons in India. Lower-than-expected demand during peak periods can disproportionately impact financial performance, as major occasions like Dhanteras and Akshaya Tritiya contribute significantly to annual gold jewellery sales
IPO FAQs
The promoters of the company are Manishbhai Nathubhai Ghadiya and Ghadiya Raswanti Manish.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.