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IPO Manoj Vaibhav Gems 'N' Jewellers Ltd

  • Price Range

    ₹215

  • Min. Quantity

    69

  • Closes on

    26 September 2023

  • Min. investment

    ₹14,835/897 Shares

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Timeline

Manoj Vaibhav Gems 'N' Jewellers Limited was incorporated as a Private Limited Company on March 13, 1989 at Hyderabad, Andhra Pradesh as 'Hotel Anant Private Limited'. The name of Company was changed to Hotel Anant Private Limited vide Certificate of incorporation dated September 13, 2002 issued by the Registrar of Companies, Andhra Pradesh. The name of Company was further changed to 'Vaibhav Empire Private Limited' on June 11, 2003; thereafter was again changed to ' Manoj Vaibhav Gems 'N' Jewellers Private Limited' at Telangana on July 4, 2016. Subsequently, Company got converted to a Public Limited Company and name of Company was changed to 'Manoj Vaibhav Gems 'N' Jewellers Limited' through fresh Certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh on May 13, 2022.

EventDate
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Opening Date22 September 2023
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Closing Date 26 September 2023
Basis of Allotment27 September 2023
Initiation of Refunds29 September 2023
Credit of Shares to Demat29 September 2023
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Listing Date3 October 2023

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Details

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Date22 September 2023 to 26 September 2023
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Face Value10 per share
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Price215 to ₹0 per share
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lot Size69
Issue SizeShares of ₹10 (aggregating up to ₹270.2 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹210 Cr)
Offer for SaleShares of ₹10 (aggregating up to ₹60.2 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 25,73,605 of the Net Offer
Retail Shares OfferedNot less than 45,82,941 of the Net Offer
NII (HNI) Shares OfferedNot less than 19,64,118 of the Net Offer
Company PromotersGrandhi Bharata Mallika Kumari, Bharata Mallika Ratna Kumari G, Grandhi Sai Keerthana

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lot Size

The Manoj Vaibhav Gems 'N' Jewellers Ltd IPO lot size is 69 shares. A retail-individual investor can apply for up to 13 lots (897 shares or ₹1,92,855).

Application LotsSharesAmount
Minimum169₹14,835
Maximum13897₹1,92,855
  • Risks
  • Opportunities
  • The Company is a key leading home-grown regional brand built on hyperlocal retail strategy.
  • The Company has an early mover advantage in the state of Andhra Pradesh.
  • The Company has fortified its business initially with focus by catering customers in both rural and urban areas and it has been slowly moving towards capturing and expanding over brand in Tier II and Tier III cities.
  • The Company, through its operating ethos of `Relationships, by Design', offers diverse product designs at varied price range to customers across budget bracket.
  • Its Go To Market strategy is its key business enabler thereby providing wider market reach; deep customer connect and have enabled it to build a loyal customer base.
  • Its experienced promoter and professional senior management team has enabled it in seamless strategy implementation and business operations.
  • Its employees and Customers are its real Brand Ambassadors.
  • Its ability to define operating parameters and internal control measures that enables it to perform as well as grow business across the micro market of Andhra Pradesh and Telangana.

Company Financials

Manoj Vaibhav Gems 'N' Jewellers Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-20241,399.292,161.0980.93
03-20231,077.862,031.371.60
03-2022899.531,697.743.68
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Estimated capital expenditure cost for the proposed eight (8) new showrooms
  • Estimated inventory cost for new showrooms proposed to be opened
  • General corporate purposes

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Promoter Holding

Pre Issue Share Holding75.1%
Post Issue Share Holding-

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Subscription Status (Bidding Detail)

The Manoj Vaibhav Gems 'N' Jewellers Ltd IPO is subscribed 2.25 times on 26 September 2023 05:00:00 PM. The public issue subscribed 1.66 times in the retail category, 1.06 times in the QIB category, and 5.18 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)1.065.181.66-2.25

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Prospectus

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Listing Date

Listing Date3 October 2023
BSE Script 543995
NSE SymbolMVGJL
Listing In BSE, NSE
ISININE0KNT01012
IPO Price215
Face Value10

Company Contact Information

Manoj Vaibhav Gems 'N' Jewellers Ltd
47-15-8 V-Square Zone-AOppTSR Complex Station Road,Visakhapatnam-530016
Phone: 91-89-1663 7777
Email: cs@vaibhavjewellers.com
Website: www.vaibhavjewellers.com

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Registrar

Phone:+91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lead Manager(s)

  1. Bajaj Capital Ltd
  2. Elara Capital (India) Pvt Ltd

FAQ

What is the issue size of Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO, which opens for subscription from to 26 September 2023 has an issue size of ₹270.2 crore. The issue type is book building issue.

I have pre-applied for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Opens for subscription from 22 September 2023 to 26 September 2023

What is the lot size and minimum order quantity of the Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

The lot size of Manoj Vaibhav Gems 'N' Jewellers Ltd is 69 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,835 and ₹1,92,855 respectively.

What are the allotment dates for the Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Allotment date for Manoj Vaibhav Gems 'N' Jewellers Ltd is 27 September 2023 and refund of application amount (in case allotment is not received) will begin from 29 September 2023. If your allotment goes through, then shares will be credited in your Demat account by 29 September 2023.

Who is the registrar of Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

The registrar for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Manoj Vaibhav Gems 'N' Jewellers Ltd IPO getting listed?

The shares of Manoj Vaibhav Gems 'N' Jewellers Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)