Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO

Manoj Vaibhav Jewellers logo

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.

Manoj Vaibhav Gems ‘N’ Jewellers IPO Details

IPO DateSeptember 22, 2023 to September 26, 2023
Listing DateFriday, October 6, 2023
Face Value₹10 per share
Price Band₹204 to ₹215 per share
Lot Size69 Shares
Total Issue Size12,567,442 shares
(aggregating up to ₹270.20 Cr)
Fresh Issue
(aggregating up to ₹210.00 Cr)
Offer for Sale2,800,000 shares of ₹10
(aggregating up to ₹60.20 Cr)

Manoj Vaibhav Gems ‘N’ Jewellers IPO Timeline (Tentative Schedule)

IPO Open DateFriday, September 22, 2023
IPO Close DateTuesday, September 26, 2023
Basis of AllotmentTuesday, October 3, 2023
Initiation of RefundsWednesday, October 4, 2023
Credit of Shares to DematThursday, October 5, 2023
Listing DateFriday, October 6, 2023

Key Performance Indicator

P/E (x)11.74
Market Cap (₹ Cr.)1050.22
EPS (Rs18.32

Manoj Vaibhav Gems ‘N’ Jewellers IPO Lot Size

Retail (Min)169₹14,835
Retail (Max)13897₹192,855
S-HNI (Min)14966₹207,690
S-HNI (Max)674,623₹993,945
B-HNI (Min)684,692₹1,008,780
Jewellers - owner

Company Financials :

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 202330 July 2023
Profit After Tax24.3920.7443.6871.6019.24
Net Worth208.08228.99272.86344.55363.65
Reserves and Surplus198.31219.22263.09305.47324.57
Total Borrowing419.32463.43477.73460.00460.39
Amount in ₹ Crore

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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