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.
| Event | Date |
|---|---|
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Opening Date | 22 September 2023 |
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Closing Date | 26 September 2023 |
| Basis of Allotment | 27 September 2023 |
| Initiation of Refunds | 29 September 2023 |
| Credit of Shares to Demat | 29 September 2023 |
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Listing Date | 3 October 2023 |
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Details
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Date | 22 September 2023 to 26 September 2023 |
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Face Value | ₹10 per share |
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Price | ₹215 to ₹0 per share |
| Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lot Size | 69 |
| Issue Size | Shares of ₹10 (aggregating up to ₹270.2 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹210 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹60.2 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 25,73,605 of the Net Offer |
| Retail Shares Offered | Not less than 45,82,941 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 19,64,118 of the Net Offer |
| Company Promoters | Grandhi 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 69 | ₹14,835 |
| Maximum | 13 | 897 | ₹1,92,855 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,399.29 | 2,161.09 | 80.93 |
| 03-2023 | 1,077.86 | 2,031.3 | 71.60 |
| 03-2022 | 899.53 | 1,697.7 | 43.68 |
| 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 Holding | 75.1% |
| 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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.06 | 5.18 | 1.66 | - | 2.25 |
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Prospectus
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Listing Date
| Listing Date | 3 October 2023 |
| BSE Script | 543995 |
| NSE Symbol | MVGJL |
| Listing In | BSE, NSE |
| ISIN | INE0KNT01012 |
| IPO Price | ₹215 |
| Face Value | ₹10 |
Company Contact Information
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
Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lead Manager(s)
- Bajaj Capital Ltd
- Elara Capital (India) Pvt Ltd
FAQ
What is the issue size of Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?
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.