Manoj Vaibhav Gems ‘N’ Jewellers IPO GMP Details
Manoj Vaibhav Gems ‘N’ Jewellers Limited, Founded in 2003, also known as Vaibhav Jewellers, is a regional jewelry brand based in South India. The company specializes in offering a wide range of jewellry products, including gold, silver, and diamond jewellry, along with precious gemstones. These products are available both in their retail showrooms and through their online platform.
Vaibhav Jewellers caters to diverse economic segments within the micro markets of Andhra Pradesh and Telangana. Their customer base spans across rural and urban areas. The company is committed to a customer-centric approach, emphasizing the importance of relationships, quality, transparency, and excellent customer service.
With a total of 13 showrooms, including two franchisee-operated ones, Vaibhav Jewellers is strategically located across 8 towns and 2 cities in Andhra Pradesh and Telangana, further strengthening its presence in the region.
Manoj Vaibhav Gems 'N' Jewellers
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue
The Net Proceeds from the Fresh Issue will be allocated for the following purposes:
- Financing the establishment of eight (8) new showrooms, covering:
(a) Capital expenditure for the proposed showrooms.
(b) Inventory expenses for the new showrooms. - General corporate purposes.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Details
Manoj Vaibhav Gems ‘N’ Jewellers IPO is a Book Built Issue with a total issue size of Rs ₹270.2 Cr approx. The price range for the Manoj Vaibhav Gems ‘N’ Jewellers IPO is ₹204 to ₹215 per share. The shares will be listed on both BSE and NSE.
| IPO Date | September 22, 2023 to September 26, 2023 |
| Listing Date | October 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 12,567,442 shares (aggregating up to ₹270.20 Cr) |
| Fresh Issue | 9,767,442 shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹60.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 39,080,000 |
| Share holding post issue | 48,847,442 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Lot Size
Investors can bid for a minimum of 69 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| S-HNI (Min) | 14 | 966 | ₹207,690 |
| S-HNI (Max) | 67 | 4,623 | ₹993,945 |
| B-HNI (Min) | 68 | 4,692 | ₹1,008,780 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Dates
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Friday, September 29, 2023 |
| Initiation of Refunds | Tuesday, October 3, 2023 |
| Credit of Shares to Demat | Wednesday, October 4, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
Manoj Vaibhav Gems ‘N’ Jewellers Limited Financial Report
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Jun 2023 |
|---|---|---|---|---|---|
| Assets | 818.62 | 803.10 | 899.53 | 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 |
Key Performance Indicator of Manoj Vaibhav Gems ‘N’ Jewellers
| KPI | Values |
|---|---|
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| EPS (Rs) | 18.32 |
| RoNW | 20.78% |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Promoter Holding
Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi,and Grandhi Sai Keerthana are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Manoj Vaibhav Gems ‘N’ Jewellers Contact Information
Manoj Vaibhav Gems ‘N’ Jewellers Limited
47-15-8, V Square, Zone-A, Opp: TSR Complex,
Station Road, Dwarakanagar,
Visakhapatnam – 530016
Phone: + (91) 89 1663 7777
Email: cs@vaibhavjewellers.com
Website: https://www.vaibhavjewellers.com/
Manoj Vaibhav Gems ‘N’ Jewellers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Manoj Vaibhav Gems ‘N’ Jewellers IPO FAQs
What is Manoj Vaibhav Gems ‘N’ Jewellers IPO?
The Manoj Vaibhav Gems ‘N’ Jewellers IPO is classified as a main-board IPO, consisting of 12,567,442 equity shares with a face value of ₹10, amounting to a total of ₹270.20 Crores. The IPO is priced in the range of ₹204 to ₹215 per share, with a minimum order quantity of 69 shares. It will be open for subscription from September 22, 2023, to September 26, 2023.
Bigshare Services Pvt Ltd is the registrar for this IPO, and the shares are intended to be listed on both BSE and NSE.
How can I apply for Manoj Vaibhav Gems ‘N’ Jewellers IPO through Zerodha?
Zerodha customers can apply for Manoj Vaibhav Gems ‘N’ Jewellers IPO online using UPI as a payment gateway. To apply through Zerodha, log in to Zerodha Console (back office), and complete the IPO application form. Follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Manoj Vaibhav Gems ‘N’ Jewellers IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Manoj Vaibhav Gems ‘N’ Jewellers IPO open?
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
What is the lot size for Manoj Vaibhav Gems ‘N’ Jewellers IPO?
The lot size for the Manoj Vaibhav Gems ‘N’ Jewellers IPO is 69 shares, and the minimum required investment amount is ₹14,835.
How can I apply for Manoj Vaibhav Gems ‘N’ Jewellers IPO?
You can apply for Manoj Vaibhav Gems ‘N’ Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available through your bank’s net banking. UPI IPO application is offered by brokers who do not provide banking services. For more details on how to apply, refer to the IPO application process provided by Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Manoj Vaibhav Gems ‘N’ Jewellers IPO allotment take place?
The finalization of the Basis of Allotment for Manoj Vaibhav Gems ‘N’ Jewellers IPO will occur on Friday, September 29, 2023. The allotted shares will be credited to your demat account by Wednesday, October 4, 2023. You can check the IPO allotment status at that time.
When is Manoj Vaibhav Gems ‘N’ Jewellers IPO listing date?
The listing date for Manoj Vaibhav Gems ‘N’ Jewellers IPO has not yet been announced. The tentative listing date is Thursday, October 5, 2023.
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