Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO

Overview :

Established in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited, also recognized as Vaibhav Jewellers, is a regional jewelry brand situated in South India.

The company provides a wide range of jewelry items, including gold, silver, and diamond jewelry, along with precious gemstones. These products are available not only in their physical retail showrooms but also through their official website.

Vaibhav Jewellers caters to diverse economic segments within the micro markets of Andhra Pradesh and Telangana, serving both rural and urban areas. Their primary focus is on nurturing customer relationships, emphasizing exceptional designs, top-notch quality, transparency, and dedicated customer service.

With a total of 13 showrooms, including two franchisee-operated ones, the company has a significant presence across 8 towns and 2 cities in Andhra Pradesh and Telangana.

Company Financials :

Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 July 2023
Assets	818.62	803.10	463.43	1,077.86	1,082.82
Revenue	1,284.30	1,443.18	1,697.70	2,031.30	510.21
Profit After Tax	24.39	20.74	43.68	71.60	19.24
Net Worth	208.08	228.99	272.86	344.55	363.65
Reserves and Surplus	198.31	219.22	263.09	305.47	324.57
Total Borrowing	419.32	463.43	477.73	460.00	460.39

Objects of the Issue (Manoj Vaibhav Gems ‘N’ Jewellers IPO Objectives)

The Net Proceeds from the Fresh Issue will be allocated for:

1. Financing the establishment of eight (8) new showrooms, covering capital expenditure and inventory costs.
2. Meeting general corporate needs.

Manoj Vaibhav Gems ‘N’ Jewellers IPO Review (May apply):

This jewelry retailer operates primarily in southern regions and currently boasts 13 stores. With plans to expand by adding 8 more, they aim to sustain their growth momentum. Considering FY24 earnings, the issue seems comprehensively priced. Savvy investors might consider moderate, medium-to-long-term investments for potential gains.

Manoj Vaibhav Gems ‘N’ Jewellers IPO Subscription Status (Bidding Detail)

As of September 22, 2023, at 7:02 PM, the Manoj Vaibhav Gems ‘N’ Jewellers IPO has witnessed a subscription rate of 0.14 times. To break it down further:

• In the retail category, the subscription stands at 0.26 times.
• In the QIB (Qualified Institutional Buyer) category, there have been no subscriptions.
• In the NII (Non-Institutional Investor) category, the subscription rate is 0.05 times.

Check Day by Day Subscription Details (Live Status)

Manoj Vaibhav Gems IPO GMP :

• The latest Grey Market Premium (GMP) for this IPO stands at ₹20, as of the last update on September 23, 2023, at 07:28 PM.
• Considering the IPO price band of ₹215.00, the estimated listing price is projected to be ₹235 (capital price + today’s GMP).
• This expected listing price reflects a potential gain/loss per share of 9.30%.

Additional Information:

• Manoj Vaibhav Gems IPO Retail Subject to Sauda: ₹1000
• Manoj Vaibhav Gems IPO Small HNI Subject to Sauda: ₹14000

check day by day GMP Details(Live Status)

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