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%.
Vaibhav Jewellers is a leading regional jewellery business in South India, managed by a first-generation woman entrepreneur, Mrs. Bharata Mallika Ratna Kumari Grandhi, and her daughter Grandhi Sai Keerthana. They are a hyperlocal jeweller retail business with 13 showrooms (including two franchisee showrooms) spread over 8 towns and 2 cities in Andhra Pradesh and Telangana. In FY2021, they have a 5% market share of the entire Andhra Pradesh and Telangana jewellery market and a 14% market share of the organised
market in these two states. They were an early entrant into the organised jewellery retail market of Andhra Pradesh, and they continue to focus on regional expansion into high-growth untapped regions within the micro-markets of Andhra Pradesh and Telangana, thereby creating a market for branded jewellery in the area of our operations.
Through our specialized branded showrooms, Manoj Vaibhav Gems caters to all economic segments of the micro markets of Andhra Pradesh and Telangana, with a strong rural market focus and a devoted urban focus. They have positioned themselves as a retailer focused on ‘Relationships, by Design, where they focus on providing our consumers with designs, excellent quality, transparency, and customer service. Through our “Go to Marketing Strategy,” they connect with target groups through exhibits to learn about their client’s tastes and preferences.
They use a hub-and-spoke concept, with tiny showrooms operating on the outskirts of larger showrooms. This enables businesses to regularly provide new items to semi-urban and rural customers and acquire a portion of that market. The rural market in Andhra Pradesh and Telangana generated 52-55% of the entire jewellery market in these two states in FY 2021.
They purchase jewels outright from our list of suppliers, as well as offer bullion to job employees to create various kinds of jewellery to their specifications. They sell a wide variety of gold, silver, diamond, precious gemstones, and other jewellery products in a variety of designs to meet the needs of all types of customers on all occasions throughout the year, including festivals, weddings, special days such as Akshaya Tritiya, and all other festive occasions.
Manoj Vaibhav Gems ‘N’ Jewellers 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 |
Objects of the Issue
- To Finance the Establishment of the proposed 8 new showrooms
- Capital expenditure cost for the proposed eight (8) new showrooms
- Inventory cost for the proposed eight (8) new showrooms
- General corporate purposes.
Manoj Vaibhav Gems IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
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 & Listing Dates
The Manoj Vaibhav Gems IPO date is September 22 and the close date is September 26. The Manoj Vaibhav Gems IPO allotment will be finalized on September 29 and the IPO listing on October 5.
| 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 Form
How to apply for the Manoj Vaibhav Gems IPO? –> You can apply for the Manoj Vaibhav Gems IPO using your bank account’s ASBA. Simply go in to your online bank and apply through your bank account by selecting the Manoj Vaibhav Gems IPO in the Invest section. You can also apply for Manoj Vaibhav Gems IPO by downloading IPO forms from the NSE and BSE.
Manoj Vaibhav Gems 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 – FY2023
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 |
Peer Group
- Titan Company Ltd
- Thangamayil Jewellery
- Kalyan Jewellers India Ltd
- Tribhovandas Bhimji Zaveri Limited
- Manoj VaibhavGems ‘N’ Jewellers Ltd
Manoj Vaibhav Gems IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Company Address
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: [email protected]
Website: https://www.vaibhavjewellers.com
Company Promoters
- Grandhi Bharata Mallika Ratna Kumari (HUF)
- Bharata Mallika Ratna Kumari Grandhi
- Grandhi Sai Keerthana
Manoj Vaibhav Gems IPO Lead Managers aka Merchant Bankers
- Bajaj Capital Limited
- Elara Capital (India) Private Limited
Manoj Vaibhav Gems IPO FAQs:
Q1. What is Manoj Vaibhav Gems IPO?
Ans. Manoj Vaibhav Gems IPO is a main-board IPO. They are going to raise ₹270 Crores via IPO. The issue is priced at ₹204 to ₹215 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Manoj Vaibhav Gems IPO will open?
Ans. The IPO is to open on September 22, 2023 for QIB, NII, and Retail Investors.
Q3. What is Manoj Vaibhav Gems IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Manoj Vaibhav Gems IPO?
Ans. You can apply for Manoj Vaibhav Gems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Manoj Vaibhav Gems IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Manoj Vaibhav Gems IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Manoj Vaibhav Gems IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Manoj Vaibhav Gems IPO Size?
Ans. Manoj Vaibhav Gems IPO size is ₹270 crores.
Q9. What is Manoj Vaibhav Gems IPO Price Band?
Ans. Manoj Vaibhav Gems IPO Price Band is ₹204 to ₹215.
Q10. What is the Manoj Vaibhav Gems IPO Allotment Date?
Ans. Manoj Vaibhav Gems IPO allotment date is September 29, 2023.
Q11. What is the Manoj Vaibhav Gems IPO Listing Date?
Ans. Manoj Vaibhav Gems IPO listing date is October 5, 2023. The IPO is to list on BSE and NSE.
