Arjun Jewellers Limited

Arjun Jewellers Limited IPO: GMP today, Price, Review, Detail

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Arjun Jewellers Limited is a retail-focused jewellery company engaged in the design, marketing, and sale of a diverse range of jewellery products made from gold, silver, platinum, diamonds and other precious stones through its own chain of retail stores, catering primarily to customers in the Saurashtra region of Gujarat and other parts of India.
It includes necklaces, earrings, rings, bracelets and pendants emphasizing craftsmanship and creative design.

It operates three retail showrooms – two in Rajkot and one in Jamnagar, serving customers primarily in the Saurashtra retail jewellery market.

Arjun Jewellers Limited has filed DRHP with SEBI for IPO with an issue size of ₹ 180 Crore consisting completely as Fresh Issue of ₹ 180 Crore & no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 180 Crore
Fresh Issue:₹ 180 Crore
Offer for Sale:₹ 00 Crore
Price Range:TBA
Lot Size:TBA

Arjun Jewellers Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 26.9 Cr
Revenue:₹ 383.3 Cr
EBITDA₹ 24.5 Cr
PAT₹ 15.2 Cr
EBITDA Margin:~6.39%
PAT Margin~3.97%
Face Value:Rs. 10 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment₹ 0 Cr
Setting 3 new stores in Saurashtra₹ 153.8 Cr
General Corporate PurposeBalance
Investment in Subsidiaries₹ 0 Cr
––

Arjun Jewellers Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 145.9₹ 280.3₹ 383.3
Profit (₹ Cr)₹ 0.1₹ 6.2₹ 15.2
Asset (₹ Cr)₹ 52.7₹ 102.2₹ 140.2
Net Worth (₹ Cr)₹ 2.6 ₹ 11.7₹ 26.9

Arjun Jewellers IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
25-Jan₹ –₹ –₹ –
24-Jan₹ –₹ –₹ –
23-Jan₹ –₹ –₹ –
22-Jan₹ –₹ –₹ –
21-Jan₹ –₹ –₹ –
Arjun Jewellers Limited

Arjun Jewellers Limited IPO Pros & Cons

Strengths:

  • Established regional jewellery brand with a focused presence in Gujarat’s Saurashtra market.
  • Diverse product portfolio across gold, diamond, silver and bridal jewellery supporting revenue mix.
  • Fresh issue IPO strengthens balance sheet and funds store expansion and working capital.
  • Promoter-led management with direct operational involvement in the jewellery retail business.
  • Jewellery demand benefits from long-term cultural consumption trends in India.

Risks:

  • Limited geographic presence with a small number of retail stores restricts scalability.
  • No disclosed national market share, indicating modest competitive positioning.
  • High dependence on gold price volatility impacting margins and working capital.
  • Business exposed to regulatory changes such as hallmarking, GST and import duties.
  • Unproven track record as a listed entity with limited public financial history.

Arjun Jewellers Limited Promoters – Pre offer equity (Approx)

Manishbhai Nathubhai Ghadiya~57.81%
Ghadiya Raswanti Manish~30.83%

Arjun Jewellers Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Arjun Jewellers Limited 

Lead / Book Running Lead ManagersSaffron Capital Advisors Private Limited
Registrar (RTA)MUFG Intime India Pvt Ltd

Founding Year of Arjun Jewellers Limited & Managing Director

Arjun Jewellers Limited was incorporated in the year 2020.

Mr. Manishbhai Nathubhai Ghadiya serves as the Managing Director of Arjun Jewellers Limited.

Arjun Jewellers Limited FAQ

  • It is a retail jewellery company offering gold, silver, platinum, diamond and precious stone jewellery through its own retail showrooms in Gujarat, blending traditional craftsmanship with contemporary design.

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  • Arjun Jewellers is raising funds via IPO to finance inventory and setting up of new stores in Saurashtra and for general corporate purposes to support growth and brand expansion.

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  • The issue size of the IPO is approx ₹ 180 crore. It will be listed on the BSE & NSE platform.

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  • Risks for investors which must be considered is its regional concentration of stores, exposure to gold price volatility, intense competition from larger brands, inventory management challenges, and reliance on third-party suppliers.

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  • Potential upsides of the IPO is its growing jewellery demand, strong regional brand presence, diversified product portfolio, planned retail expansion, and improving financial performance as store footprint increases.

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  • You can apply for the IPO online via your broker or bank’s IPO/ASBA facility using UPI/net banking, select the IPO, enter desired lots.

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  • Expected listing date is yet to be announced.

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