Manoj Vaibhav Gems N Jewellers Limited
Mainboard₹14,835 / 69 Shares
IPO Details
Manoj Vaibhav Gems N Jewellers Limited IPO is priced between ₹204-215 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 22 Sep, 2023, and closed on 26 Sep, 2023. The allotment results will be announced on 28 Sep, 2023, with a tentative listing date set for 3 Oct, 2023.
The total issue comprises Total ₹270.20 Cr :#Fresh Issue : 9,767,442 shares, amounting to ₹210.00 Cr.
Manoj Vaibhav Gems N Jewellers Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Sep 22, 2023 - Sep 26, 2023 | 3 Oct, 2023 | ₹10 Per Equity Share | ₹204-215 per equity share | 69 Shares | 9,767,442 Shares | 2,800,000 shares of ₹10 | BSE, NSE |
Manoj Vaibhav Gems N Jewellers Limited IPO Timeline
Issue Price
₹204-215 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdMarket Lot
Retail: 69 Shares (₹14,835/-)S-HNI: 966 Shares (₹2,07,690/-)
B-HNI: 4,692 Shares (₹10,08,780/-)
Lead Manager
Bajaj Capital LimitedElara Capital (India)Issue Size
Total ₹270.20 Cr :#Fresh Issue : 9,767,442 shares(aggregating up to ₹210.00 Cr) +
#OFS : 2,800,000 shares of ₹10(aggregating up to ₹60.20 Cr)
Retail Portion
35% (Number of Retail Applications: 63,748 Approx),(Number of S-HNI Applications : 650 Approx),(Number of B-HNI Applications : 1,301 Approx)Subscription
2.25 timesManoj Vaibhav Gems N Jewellers Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1077.86 | 2031.30 | 71.60 | - | - | - |
| 31 Mar 22 | 899.53 | 1697.70 | 43.68 | - | - | - |
| 31 Mar 21 | 803.10 | 1443.18 | 20.74 | - | - | - |
All values are in ₹ Cr.
About Company
Manoj Vaibhav Gems 'N' Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India.
The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website
Vaibhav Jewellers' cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on 'Relationships, by Design' where it focuses on offering designs, high quality, transparency, and customer service to its customers.
The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.
Manoj Vaibhav Gems N Jewellers Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,513,488 | 1,885,116 1,256,745 628,372 | 4,398,605 | 8,797,209 |
| Day 1 - 22-09-23 05:00 PM | 0.00 x | 0.05 0.03 x 0.09 x | 0.26 x | 0.14 x |
| Day 2 - 25-09-23 05:00 PM | 0.34 x | 0.57 0.52 x 0.65 x | 0.73 x | 0.58 x |
| Day 3 - 26-09-23 05:00 PM | 1.06 x | 5.18 6.09 x 3.35 x | 1.66 x | 2.25 x |
1.57 times
Manoj Vaibhav Gems N Jewellers Limited IPO - Issue Objectives
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To Finance the Establishment of the proposed 8 new showrooms, i.e.
(a) Capital expenditure cost for the proposed eight (8) new showrooms,
(b) Inventory cost for the proposed eight (8) new showrooms - General corporate purposes.