Incorporated on January 1, 2020, Arjun Jewellers Limited is a retail-focused jewellery company engaged in the marketing and sale of gold, silver, platinum and diamond-studded jewellery, along with other precious metal pr…
Incorporated on January 1, 2020, Arjun Jewellers Limited is a retail-focused jewellery company engaged in the marketing and sale of gold, silver, platinum and diamond-studded jewellery, along with other precious metal products. It primarily operates through retail showrooms across the Saurashtra region of Gujarat, with a focus on the Rajkot and Jamnagar markets. The Company offers a diverse range of jewellery products, including necklaces, earrings, rings, pendants, mangalsutras, bangles, bracelets, chains, nose rings and solitaires. Its portfolio caters to traditional, contemporary, bridal, festive and daily-wear requirements across different customer preferences and price points. The Company also offers lightweight 9-karat jewellery, introduced in January 2026, and gold and silver bullion products in the form of bars and coins for investment and gifting purposes. In Fiscal 2025, it introduced its brand ‘AEVUM’, which primarily focuses on lightweight diamond and platinum jewellery and accessories.As of June 30, 2026, the Company operated four retail showrooms, comprising three in Rajkot and one in Jamnagar, with an aggregate operational area of 787.23 square metres. Its fourth showroom, inaugurated in June 2026, is dedicated to showcasing the AEVUM brand. The Company follows a cluster-based expansion strategy, focusing on existing and nearby markets to strengthen local brand visibility, improve inventory and supply chain efficiencies and understand customer preferences. Its showrooms serve as the primary sales channel and provide customers with personalised assistance and an in-store jewellery selection experience.The Company procures finished jewellery products from domestic suppliers, primarily located in Maharashtra and Gujarat. Its merchandising and inventory planning are guided by customer demand, sales trends and seasonal preferences to maintain an appropriate product mix across showrooms. The Company focuses on offering quality products, including BIS-hallmarked gold jewellery and certified diamond jewellery.As of June 30, 2026, the Company had 25 permanent employees across its business operations. It also conducts employee training programmes covering product knowledge, customer service and inventory management to support operational efficiency and customer experience.Competitive StrengthsCluster-based retail expansion strategy.Data-driven merchandising and inventory management.Personalised in-store customer experience and focus on quality.Established regional presence in the Saurashtra jewellery market.Promoter-led business supported by an experienced management team.Dedicated brand ‘AEVUM’ focused on lightweight diamond and platinum jewellery.Diverse jewellery portfolio catering to multiple customer segments and price points.
📍 Office No. 401, 4th Floor, Pride Capital, Jalaram 1, Street No.2, University Roa…
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✉️ compliance@arjunjewellers.in
Arjun Jewellers Ltd IPO About the Company
Incorporated on January 1, 2020, Arjun Jewellers Limited is a retail-focused jewellery company engaged in the marketing and sale of gold, silver, platinum and diamond-studded jewellery, along with other precious metal products. It primarily operates through retail showrooms across the Saurashtra region of Gujarat, with a focus on the Rajkot and Jamnagar markets. The Company offers a diverse range of jewellery products, including necklaces, earrings, rings, pendants, mangalsutras, bangles, bracelets, chains, nose rings and solitaires. Its portfolio caters to traditional, contemporary, bridal, festive and daily-wear requirements across different customer preferences and price points. The Company also offers lightweight 9-karat jewellery, introduced in January 2026, and gold and silver bullion products in the form of bars and coins for investment and gifting purposes. In Fiscal 2025, it introduced its brand ‘AEVUM’, which primarily focuses on lightweight diamond and platinum jewellery and accessories.As of June 30, 2026, the Company operated four retail showrooms, comprising three in Rajkot and one in Jamnagar, with an aggregate operational area of 787.23 square metres. Its fourth showroom, inaugurated in June 2026, is dedicated to showcasing the AEVUM brand. The Company follows a cluster-based expansion strategy, focusing on existing and nearby markets to strengthen local brand visibility, improve inventory and supply chain efficiencies and understand customer preferences. Its showrooms serve as the primary sales channel and provide customers with personalised assistance and an in-store jewellery selection experience.The Company procures finished jewellery products from domestic suppliers, primarily located in Maharashtra and Gujarat. Its merchandising and inventory planning are guided by customer demand, sales trends and seasonal preferences to maintain an appropriate product mix across showrooms. The Company focuses on offering quality products, including BIS-hallmarked gold jewellery and certified diamond jewellery.As of June 30, 2026, the Company had 25 permanent employees across its business operations. It also conducts employee training programmes covering product knowledge, customer service and inventory management to support operational efficiency and customer experience.Competitive StrengthsCluster-based retail expansion strategy.Data-driven merchandising and inventory management.Personalised in-store customer experience and focus on quality.Established regional presence in the Saurashtra jewellery market.Promoter-led business supported by an experienced management team.Dedicated brand ‘AEVUM’ focused on lightweight diamond and platinum jewellery.Diverse jewellery portfolio catering to multiple customer segments and price points.
Arjun Jewellers Ltd IPO Analysis
Pros
ROE of 57.18% indicates good return on equity.
ROCE of 25.67% shows efficient capital usage.
PAT margin of 4.57%.
Cons
Debt/equity of 1.44x may be high.
Pros and cons are machine generated. Please exercise caution and do your own analysis.
Arjun Jewellers Ltd IPO Subscription Status
Consolidated figures
Metric
QIB
NII (HNI)
Retail
Total
Subscription
—
—
—
—
Shares
Not more than 50% of the Net Offer
Not more than 15% of the Net Issue
Not less than 35% of the Net Offer
—
Bids
—
—
—
—
▼ Category-wise Detailed Breakdown
Category
Subscription
Offered
Bid Shares
Amt (₹ Cr)
QIB
-
Not more than 50% of the Net Offer
—
—
NII (HNI)
-
Not more than 15% of the Net Issue
—
—
Retail
-
Not less than 35% of the Net Offer
—
—
Market Maker
1.00×
—
—
—
Total
-
100
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—
Applications: -
Arjun Jewellers Ltd IPO Profit & Loss
Figures in ₹ Crores / Amount in ₹ Crore
Metric
31 Mar 2026
31 Mar 2025
31 Mar 2024
Revenue
595.59
383.39
280.32
EBITDA
44.58
24.44
11.99
Profit After Tax
27.20
15.07
6.17
Net Worth
68.36
26.79
11.74
Total Assets
214.67
140.20
102.22
Reserves
42.41
21.79
6.74
Borrowings
98.34
71.03
60.87
Sales Growth
3 Years:
-52.9%
Latest:
280.32 Cr
Profit Growth
3 Years:
-77.3%
Latest PAT:
6.17 Cr
Return on Equity
ROE:
57.18%
ROCE:
25.67%
Arjun Jewellers Ltd IPO Key Financial Ratios
Profitability
ROE57.18%
ROCE25.67%
RONW57.18%
PAT Margin4.57%
EBITDA Margin7.49%
Valuation
Pre EPS10.48
Leverage & Growth
Debt / Equity1.44×
Sales Growth (3yr)-52.9%
Profit Growth (3yr)-77.3%
Latest Revenue280.32 Cr
Latest PAT6.17 Cr
Arjun Jewellers Ltd IPO Objects of the Issue
1Funding of incremental working capital requirements, primarily towards procurement of inventory for existing retail showrooms and proposed new retail showrooms in Saurashtra, Gujarat ("New Stores₹160.00 Cr
2General Corporate Purposes
Arjun Jewellers Ltd IPO Schedule & Important Dates
IPO Open
TBA
Upcoming
IPO Close
TBA
Upcoming
Arjun Jewellers Ltd IPO Lot Size & Investment Details
Category
Lots
Shares
Amount (₹)
Retail (Min)
—
—
—
Pre-Issue Holding: 2,59,46,240 shares
Arjun Jewellers Ltd IPO Lead Managers & Market Makers