IPO

Manoj Vaibhav Gems N Jewellers Limited IPO

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Gems, Jewellery And Watches

Listed On: Oct 3, 2023 at ₹ 215.0(NSE)

₹ 14835 /69 Shares

Check Allotment

22 Sep, 2023

Open Date

26 Sep, 2023

Close Date

28 Sep, 2023

Allotment Date

03 Oct, 2023

Listing Date
Price Summary

Last Closing

179.01 (-16.74%)

52 Week High

315.50

52 Week Low

174.35

Last Update

19-Dec-2025 3:30 PM
Manoj Vaibhav Gems N Jewellers Limited IPO Issue Details
  • Issue Price ₹204-215 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 215.0(NSE)
  • Listing Date 2023-10-03
  • Lead Manager Bajaj Capital Limited
    Elara Capital (India)
  • Registrar Bigshare Services Pvt Ltd
Manoj Vaibhav Gems N Jewellers Limited IPO Details
  • 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)
Manoj Vaibhav Gems N Jewellers Limited IPO Documents
DRHP
RHP
ANCHOR
Manoj Vaibhav Gems N Jewellers Limited IPO Details


The IPO of Manoj Vaibhav Gems N Jewellers Limited is priced at ₹204-215 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 22, 2023 and ends on Sep 26, 2023. The allotment for Manoj Vaibhav Gems N Jewellers Limited IPO will be finalized on Sep 28, 2023. Manoj Vaibhav Gems N Jewellers Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 3, 2023. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Bajaj Capital Limited, Elara Capital (India).


The Manoj Vaibhav Gems N Jewellers Limited IPO sets its price band at 204-215 for each share. A single application for Manoj Vaibhav Gems N Jewellers Limited IPO must contain at least 69 shares.

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Manoj Vaibhav Gems N Jewellers Limited IPO Subscription Analysis And Details
Retail
1.66x
QIB
1.06x
NII
5.18x
bNII
6.09x
sNII
3.35x
Total
2.25x
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
Total No of Applications
99,818
Subscription on the basis of Applications
1.57
Manoj Vaibhav Gems N Jewellers Limited Valuations
Earnings Per Share (EPS) ₹18.32/-
P/E Ratio N/A
RoNW 20.78%
Net Asset Value (NAV) - As on 31.03.22 ₹N/A
Manoj Vaibhav Gems N Jewellers Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 1,077.86 899.53 803.10
Revenue 2,031.30 1,697.70 1,443.18
Profit After Tax 71.60 43.68 20.74
About Manoj Vaibhav Gems N Jewellers Limited 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.

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Manoj Vaibhav Gems N Jewellers Limited - Promoter(s)

Grandhi Bharata Mallika Ratna Kumari (HUF)

Bharata Mallika Ratna Kumari Grandhi

Grandhi Sai Keerthana

Pre Issue Share Holding : 100.00%

Post Issue Share Holding : 74.27%

Manoj Vaibhav Gems N Jewellers Limited IPO - Issue Objectives
1

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

2

General corporate purposes.

Manoj Vaibhav Gems N Jewellers Limited IPO - Anchor Investors

Vaibhav Jewellers raises Rs 81 crore from anchor investors ahead of IPO.

Quantum-State Investment Fund, Tano Investment Opportunities Fund, Nexus Global Opportunities Fund, Coeus Global Opportunities Fund, Neomile Growth Fund, AG Dynamic Funds, Chhatisgarh Investments and Eminence Global Fund are the investors in the anchor book.