Arjun Jewellers IPO

About Arjun Jewellers IPO

The IPO of Arjun Jewellers comprises a fresh issue without any offer for sale. The fresh issue comprises equity shares aggregating up to ₹180 crores. It’s a 100% book-built issue. The lot size of shares in the IPO is [TBA] and the price band of shares is between [TBA].

Arjun Jewellers IPO opens on [TBA] and closes on [TBA]. The allotment of shares will take place on [TBA]. The credit of shares to the Demat account will take place on [TBA]. The initiation of refunds will take place on [TBA]. The listing of shares will take place on [TBA].

Arjun Jewellers is a retail-focused jewellery company involved in the business of marketing and selling a wide range of jewellery made using gold, silver, platinum, diamond and other precious stones through its own chain of retail stores. Headquartered in the heart of Rajkot’s gold and diamond district, Arjun Jewellers specialises in quality creations in yellow, white, and rose gold, as well as silver.

Objectives of Arjun Jewellers IPO

The company proposes to utilise the net proceeds for:

• Funding inventory cost towards setting-up of three new stores in Saurashtra
• General corporate purposes

Industry Outlook

The global gems and jewellery industry is a centuries-old sector that has transitioned from artisanal craftsmanship to a modern, technology-driven and highly organised market. It encompasses a wide range of products, including gold, silver, platinum, diamonds, coloured gemstones, and increasingly lab-grown stones.

India’s gems and jewellery sector has long been a vital export engine, contributing approximately 10-12 % of the country’s total merchandise exports and standing as the third-largest commodity export segment. In CY 2022, the sector played a pivotal role in India’s export resurgence helping elevate total exports to USD 419 billion, a 44 % jump over CY 2021 and up 34 % from CY 2020.

This rapid rebound was supported by focused government actions such as lowering import duties on cut & polished diamonds from 7 % to 5 %, revamping hallmarking, and offering MSMEs up to 90 % assistance for design centres, processing hubs, and exhibitions. These policy measures and institutional support lend strong structural tailwinds to a medium-term growth trajectory for the sector.

Arjun Jewellers Company Information

Arjun Jewellers is a retail-focused jewellery company involved in the business of marketing and selling a wide range of jewellery made using gold, silver, platinum, diamond and other precious stones through its own chain of retail stores. The company offers a diverse and extensive array of necklaces, earrings, bridal rings, bracelets, and pendants all showcases of its artistic craftsmanship and creative integrity.

Strengths of Arjun Jewellers

• Wide range of jewellery making us the go to destination for all customers’ jewellery needs
• Diverse range of jewellery offers to cater to a cross section of customers
• Accelerated store expansion through a cluster-based approach
• Targeted marketing and promotion activities enabling increasing brand recall
• Founder led company supported by professional management and leadership team

Risks of Arjun Jewellers

• Inability to effectively market products could affect consumer footfall and consequently adversely impact business
• Adverse developments affecting operations in micro market of Saurashtra could have an adverse impact on retail business
• Inability to maintain an optimal level of inventory in its stores may impact operations adversely
• Inability to maintain or enter into formal arrangements with such parties, or any disruption in their operations or failure to meet quality standards, may adversely affect reputation
• Inability to meet working capital requirements on commercially acceptable terms may have an adverse impact on business
• History of negative cash flow and the company may continue to incur negative cash flows in the future

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: MUFG Intime India
• Book Running Lead Manager: Saffron Capital Advisors

Arjun Jewellers Business Model

Arjun Jewellers is a retail-focused jewellery company involved in the business of marketing and selling a wide range of jewellery made using gold, silver, platinum, diamond and other precious stones through its own chain of retail stores. The company offers a diverse and extensive array of necklaces, earrings, bridal rings, bracelets, and pendants.

The company offers a wide-ranging jewellery collection comprising over 103 SKUs, establishing itself as a preferred destination for both traditional and contemporary jewellery in the Saurashtra region of Gujarat. As on March 31, 2025 its product portfolio across all stores included more than 32 gold jewellery, over 51 silver jewellery, 6 platinum jewellery and 14 designs featuring diamonds and other precious stones, spanning across various price points.

Arjun Jewellers Growth Trajectory

The revenue from operations of Arjun Jewellers jumped from ₹145.876 crores in FY 23 to ₹383.335 crores in FY 25. Its EBITDA margin jumped from 1.59% in FY 23 to 6.39% in FY 25, while PAT margin increased from 0.05% in FY 23 to 3.97% in FY 25. Diverse range of jewellery offers and accelerated store expansion through a cluster-based approach have helped the company grow over the years.

Arjun Jewellers Market Position

Arjun Jewellers has built its presence in the Saurashtra retail jewellery market by expanding its retail footprint across multiple cities in the region including Rajkot and Jamnagar, two of the region’s most important commercial hubs. In terms of store presence, the company with three branches has established itself as the leading regional jewellery brand in Rajkot region.

It’s committed to serving the Saurashtra market with authenticated BIS-hallmarked jewellery through its 2 showrooms in Rajkot and 1 showroom in Jamnagar spread across a total operational area of 7,019.91 square feet as of August 31, 2025.

How to Apply for the Arjun Jewellers IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.