Manoj Vaibhav Gems 'N' Jewellers IPO vs Sai Silks (Kalamandir) IPO

Comparision between Manoj Vaibhav Gems 'N' Jewellers IPO and Sai Silks (Kalamandir) IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sai Silks (Kalamandir) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bajaj Capital Limited Elara Capital (India) Private Limited	Motilal Oswal Investment Advisors Limited Hdfc Bank Limited Nuvama Wealth Management Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Manoj Vaibhav Gems 'N' Jewellers IPO is up to ₹270.20 Cr whereas the issue size of the Sai Silks (Kalamandir) IPO is up to ₹1,201.00 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Sai Silks (Kalamandir) IPO is ₹222.00 per share.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹204.00 per share	₹210.00 per share
Issue Price (Upper)	₹215.00 per share	₹222.00 per share
Issue Price (Final)	₹215.00 per share	₹222.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	69 shares	67 shares
Fresh Issue Size	97,67,442 shares	2,70,27,027 shares
Fresh Issue Size (Amount)	up to ₹210.00 Cr	up to ₹600.00 Cr
OFS Issue Size	28,00,000 shares	2,70,72,000 shares
OFS Issue Size (Amount)	up to ₹60.20 Cr	up to ₹601.00 Cr
Issue Size Total	1,25,67,442 shares	5,40,99,027 shares
Issue Size Total (Amount)	up to ₹270.20 Cr	up to ₹1,201.00 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Sai Silks (Kalamandir) IPO opens on Sep 20, 2023. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Sai Silks (Kalamandir) IPO is Sep 26, 2023, and Sep 22, 2023, respectively.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
Anchor Bid Date	Sep 21, 2023	Sep 18, 2023
Issue Open	Sep 22, 2023	Sep 20, 2023
Issue Close	Sep 26, 2023	Sep 22, 2023
Basis Of Allotment (Tentative)	Sep 27, 2023	Sep 27, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 29, 2023
Credit of Share (Tentative)	Sep 29, 2023	Oct 03, 2023
Listing date (Tentative)	Oct 03, 2023	Sep 27, 2023
Anchor Lockin End date 1	Oct 27, 2023	Oct 27, 2023
Anchor Lockin End date 2	Dec 26, 2023	Dec 26, 2023

Financials

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Sai Silks (Kalamandir) IPO P/E ratio of 27.37.

Manoj Vaibhav Gems 'N' Jewellers IPO

Sai Silks (Kalamandir) IPO

Financial

Manoj Vaibhav Gems 'N' Jewellers IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 Jun 2023
Assets	818.62	803.10	899.53	1,077.86	1,082.82
Revenue	1,284.30	1,443.18	1,697.70	2,031.30	510.21
Profit After Tax	24.39	20.74	43.68	71.60	19.24
Net Worth	208.08	228.99	272.86	344.55	363.65
Reserves and Surplus	198.31	219.22	263.09	305.47	324.57
Total Borrowing	419.32	463.43	477.73	460.00	460.39

Amount in ₹ Crore

Sai Silks (Kalamandir) Limited Financial Information (Restated)

Sai Silks (Kalamandir) Limited's revenue increased by 19.94% and profit after tax (PAT) rose by 69.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	1,220.45	842.49	665.42	692.76
Revenue	1,358.92	1,133.02	679.10	1,178.62
Profit After Tax	97.59	57.69	5.13	42.10
Net Worth	397.33	300.66	242.99	231.51
Reserves and Surplus	373.27	276.60	218.93	208.05
Total Borrowing	345.50	260.49	217.22	164.70
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

95.23%

Promoter Shareholding (Post-Issue)

74.27%

60.80%

P/E Ratio

11.74

27.37

Market Cap

₹1050.22 Cr.

₹3404.73 Cr.

ROE

23.19%%

27.96%%

ROCE

17.71%%

23.55%%

Debt/Equity

1.34

0.87

EPS

₹18.32

₹8.11

RoNW

20.78%%

24.56%%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO retail investors (RII) are offered 43,98,605 shares while in Sai Silks (Kalamandir) IPO retail investors are offered 43,98,605 shares. Qualified institutional buyers (QIB) are offered 25,13,488 shares in Manoj Vaibhav Gems 'N' Jewellers IPO and 1,08,19,807 shares in Sai Silks (Kalamandir) IPO.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
Anchor Investor Reserveration	37,70,160 shares	1,62,29,707 shares
Market Maker Reserveration
QIB	25,13,488 shares	1,08,19,807 shares
NII	18,85,116 shares	81,14,854 shares
RII	43,98,605 shares	1,89,34,659 shares
Employee	0 shares	0 shares
Others
Total	87,97,209 shares	3,78,69,320 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Sai Silks (Kalamandir) IPO subscribed 4.47x.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
QIB (times)	1.08x	12.17x
NII (times)	5.40x	2.54x
Big NII (times)	6.35x	3.03x
Small NII (times)	3.49x	1.57x
RII (times)	1.73x	0.91x
Employee (times)
Other (times)
Total (times)	2.33x	4.47x

Compare with others

Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
IRM Energy IPO	Plaza Wires IPO
Saraswati Saree Depot IPO	Updater Services IPO
Plaza Wires IPO	Valiant Laboratories IPO
Updater Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Valiant Laboratories IPO	JSW Infrastructure IPO
JSW Infrastructure IPO	Yatra Online IPO
Sai Silks (Kalamandir) IPO	Zaggle Prepaid Ocean Services IPO
Yatra Online IPO	R R Kabel IPO
Zaggle Prepaid Ocean Services IPO	SAMHI Hotels IPO
R R Kabel IPO	EMS IPO

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