Manoj Vaibhav Gems 'N' Jewellers Ltd

Diamond, Gems and Jewellery

Offer Period :

22nd to 9th Sep 2023

Established in 2003, Vaibhav Jewellers, a.k.a. Manoj Vaibhav Gems 'N' Jewellers Limited, is a prominent jewelry brand in South India. Specializing in gold, silver, diamond, and gemstone jewelry, Read more... it serves diverse economic segments across Andhra Pradesh and Telangana through retail showrooms and an online platform, emphasizing design, quality, transparency, and customer relations.Read less

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Details

IPO Date 22nd to 9th Sep 2023 Minimum Investment ₹14835 / 1 Lots
Listing Date 2023-10-03 Maximum Investment ₹192855 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹270.2 Crores
Price ₹215 to ₹215 per share Fresh Issue ₹210 Crores
Lot Size 1 Lots (69 Shares) Offer For Sale ₹ 60.2
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 22nd to 9th Sep 2023
Listing Date 2023-10-03
Face Value ₹10 per share
Price ₹215 to ₹215 per share
Lot Size 1 Lots (69 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14835 / 1 Lots
Maximum Investment ₹192855 / 13 Lots
Total Issue Size ₹270.2 Crores
Fresh Issue ₹210 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

22nd Sep

IPO Starts

26th Sep

IPO Ends

27th Sep

Allotment Date

29th Sep

Initiation of Refund

29th Sep

Credit of Shares to Demat Account

3rd Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 88.9 0
Public Group 11.1 100

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Reservation

QIB Shares Offered 2513488(20%)
NII (HNI) Shares Offered 1885116(15%)
Retail Shares Offered 4398605(35%)
Anchor Investor Shares Offered 3770233(30%)
Total Shares Offered 12567442
Total Shares With Anchor Investor 12567442

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Lead Manager

1. Bajaj Capital Ltd

2. Elara Capital (India) Pvt Ltd

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Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Manoj Vaibhav Gems 'N' Jewellers Ltd

1. The Company is a key leading home-grown regional brand built on hyperlocal retail strategy.

2. The Company has an early mover advantage in the state of Andhra Pradesh.

3. 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.

4. The Company, through its operating ethos of `Relationships, by Design', offers diverse product designs at varied price range to customers across budget bracket.

5. 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.

6. Its experienced promoter and professional senior management team has enabled it in seamless strategy implementation and business operations.

7. Its employees and Customers are its real Brand Ambassadors.

8. 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.

Risks Involved

1. The strength of its brands is crucial to the company growth and success and its may not succeed in continuing to maintain and develop the company brands.

2. If the company is unable to effectively manage or expand its retail network and operations or pursue the company growth strategy, its new showrooms may not achieve its expected levels of profitability which may adversely affect the company business prospects, financial condition and results of operations.

3. The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.

4. Its Promoter and certain of the company Directors may have interest in entities, which are engaged in lines of business similar to that of the Company. Any conflict of interest which may occur between its business and the activities undertaken by such entities could adversely affect its business and prospects.

5. The company business depends on its Promoters and senior management and its ability to attract and retain sales personnel. Any attrition rate of the company senior management may affect its business growth.

6. The coronavirus pandemic ("COVID-19") has had an effect on its business and operations, and the extent to which it may continue to do so in the future cannot be predicted.

7. The Company, Promoters and Directors are involved in certain legal proceedings and potential litigation and the company has not made any provision in its financial statements for such liabilities. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.

8. The agreements governing its indebtedness contain conditions and restrictions on the company operations, additional financing and capital structure.

9. Any failure in its quality control processes may have an adverse effect on the company business, brand, results of operations and financial condition.

10. Failure to manage its inventory could have an adverse effect on the company net sales, profitability, cash flow and liquidity.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-03 543995 MVGJL
INE0KNT01012
₹215 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹215 ₹215
Open ₹215 ₹215
Low ₹210 ₹210.1
High ₹221.9 ₹222
Low ₹210 ₹210.1

Frequently Asked Questions

What is Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Answer Field

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO is a Mainboard IPO of 1,25,67,442 equity shares of a face value of ₹10 aggregating up to ₹270.2 Crores. The issue is priced at ₹215 to ₹215 per share. The minimum order quantity is 69 Shares. The IPO opens on September 22, 2023, and closes on September 26, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Manoj Vaibhav Gems 'N' Jewellers Ltd IPO will open?

Answer Field

The Manoj Vaibhav Gems 'N' Jewellers Ltd IPO opens on September 22, 2023 and closes on September 26, 2023.

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

Answer Field

Manoj Vaibhav Gems 'N' Jewellers Ltd lot size is 69 shares, and the minimum amount required is ₹14,835.

How to apply for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Answer Field

You can apply in Manoj Vaibhav Gems 'N' Jewellers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Manoj Vaibhav Gems 'N' Jewellers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO will be done on September 27, 2023, and the allotted shares will be credited to your demat account by September 29, 2023.

When is Manoj Vaibhav Gems 'N' Jewellers Ltd IPO listing date?

Answer Field

The Manoj Vaibhav Gems 'N' Jewellers Ltd listing date is October 03, 2023.

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

Answer Field

The registrar of Manoj Vaibhav Gems 'N' Jewellers Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Bajaj Capital Ltd,Elara Capital (India) Pvt Ltd will be the book-running lead manager of this IPO.

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

Answer Field

The fresh issue size is ₹210 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Manoj Vaibhav Gems 'N' Jewellers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 69 shares and ₹14,835 amount.

How can I approve the UPI mandate request for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Answer Field

To apply for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Manoj Vaibhav Gems 'N' Jewellers Ltd?

Answer Field

The price of each Manoj Vaibhav Gems 'N' Jewellers Ltd share will be ranging in between ₹215 to ₹215 per share.

What is the cut-off time for the UPI mandate for Manoj Vaibhav Gems 'N' Jewellers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 26, 2023.

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