The Manoj Vaibhav Gems IPO date has been confirmed from September 22 and ended on September 26.
The IPO date for Manoj Vaibhav Gems has been announced; the IPO will go public on September 22 and conclude on September 26. Manoj Vaibhav Gems IPO will generate approximately 270 crores through an IPO that will include a fresh issue of 210 crores and an offer for sale of up to 4,300,000 equity shares at a price of 10 rupees each. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
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Bidding Dates
September 22 – 26,2023
Price Range
₹204 to ₹215 per share
Face Value
₹10 per share
GMP
₹0
Manoj Vaibhav Gems IPO GMP
The Manoj Vaibhav Gems IPO GMP is ₹[0].
IPO Overview
The IPO of Manoj Vaibhav Gems ‘N’ Jewellers raised a total of Rs 270.20 crores. This amount was generated through a combination of a fresh issue of 0.98 crore shares, which amounted to Rs 210.00 crores, and an offer for sale of 0.28 crore shares, which amounted to Rs 60.20 crores. The bidding for the Manoj Vaibhav Gems ‘N’ Jewellers IPO began on September 22, 2023, and concluded on September 26, 2023. The allotment of shares for this IPO was finalized on Wednesday, September 27, 2023. Subsequently, the shares were listed on both the BSE and NSE on October 3, 2023. The price band for the Manoj Vaibhav Gems ‘N’ Jewellers IPO was set at ₹204 to ₹215 per share. For retail investors, the minimum lot size for an application was 69 shares, requiring a minimum investment of ₹14,835. As for sNII (Non-Institutional Investors), the minimum lot size investment was 14 lots (966 shares), amounting to ₹207,690. For bNII (Qualified Institutional Buyers), the minimum lot size investment was 68 lots (4,692 shares), amounting to ₹1,008,780.
Manoj Vaibhav Gems IPO Date & Price Band Details
| IPO Open: | September 22, 2023 |
| IPO Close: | September 26, 2023 |
| IPO Size: | Approx ₹270 Crores |
| Fresh Issue: | Approx ₹210 Crores |
| Offer for Sale: | Approx 2,800,000 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹204 to ₹215 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Manoj Vaibhav Gems IPO Market Lot
The Manoj Vaibhav Gems IPO minimum market lot is 69 shares with ₹14,835 application amount. The retail investors can apply up-to 13 lots with 897 shares or ₹192,855 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 69 | ₹14,835 |
| Retail Maximum | 13 | 897 | ₹192,855 |
| S-HNI Minimum | 14 | 966 | ₹207,690 |
| B-HNI Minimum | 68 | 4692 | ₹1,008,780 |
Manoj Vaibhav Gems IPO Allotment and Listing Dates
| Anchor Investors Allotment: | September 21, 2023 |
| IPO Open Date: | September 22, 2023 |
| IPO Close Date: | September 26, 2023 |
| Basis of Allotment: | September 29, 2023 |
| Refunds: | October 3, 2023 |
| Credit to Demat Account: | October 4, 2023 |
| IPO Listing Date: | October 5, 2023 |
Manoj Vaibhav Gems IPO Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹1443 | ₹1404 | ₹20.74 |
| 2022 | ₹1698 | ₹1639 | ₹46.68 |
| 2023 | ₹2031 | ₹1936 | ₹71.60 |
Manoj Vaibhav Gems IPO Valuation, FY2021
Check Manoj Vaibhav Gems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.92 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.29% |
| Net Asset Value (NAV): | ₹88.17 per Equity Share |
Company Profile
Established in 2003, Vaibhav Jewellers, also known as Manoj Vaibhav Gems ‘N’ Jewellers Limited, is a renowned jewelry brand operating in South India. With a wide range of offerings including gold, silver, diamond jewelry, precious gemstones, and other exquisite pieces, the company serves its customers through both physical retail showrooms and its online platform. Vaibhav Jewellers caters to diverse economic segments within the micro markets of Andhra Pradesh and Telangana. Their retail showrooms and website are designed to meet the needs of customers in both rural and urban areas. The company prides itself on
its commitment to building strong relationships with customers, emphasizing on the values of design, quality, transparency, and exceptional customer service. Currently, Vaibhav Jewellers operates 13 showrooms, including two franchisee showrooms, spread across 8 towns and 2 cities in Andhra Pradesh and Telangana.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com |
Contact Details
| Name | Vaibhav Jewellers |
| Phone number | + 91 89166 37777 |
| Email ID | cs@vaibhavjewellers.com |
| Website | https://www.vaibhavjewellers.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
