Manoj Vaibhav Gems 'N' Jewellers IPO vs Saraswati Saree Depot IPO

Comparision between Manoj Vaibhav Gems 'N' Jewellers IPO and Saraswati Saree Depot IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Saraswati Saree Depot 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	Unistone Capital Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Saraswati Saree Depot IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹204.00 per share	₹152.00 per share
Issue Price (Upper)	₹215.00 per share	₹160.00 per share
Issue Price (Final)	₹215.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	69 shares	90 shares
Fresh Issue Size	97,67,442 shares	64,99,800 shares
Fresh Issue Size (Amount)	up to ₹210.00 Cr	up to ₹104.00 Cr
OFS Issue Size	28,00,000 shares	35,01,000 shares
OFS Issue Size (Amount)	up to ₹60.20 Cr	up to ₹56.02 Cr
Issue Size Total	1,25,67,442 shares	1,00,00,800 shares
Issue Size Total (Amount)	up to ₹270.20 Cr	up to ₹160.01 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Saraswati Saree Depot IPO is Sep 26, 2023, and Aug 14, 2024, respectively.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Saraswati Saree Depot IPO
Anchor Bid Date	Sep 21, 2023	Aug 09, 2024
Issue Open	Sep 22, 2023	Aug 12, 2024
Issue Close	Sep 26, 2023	Aug 14, 2024
Basis Of Allotment (Tentative)	Sep 27, 2023	Aug 16, 2024
Initiation of Refunds (Tentative)	Sep 29, 2023	Aug 19, 2024
Credit of Share (Tentative)	Sep 29, 2023	Aug 19, 2024
Listing date (Tentative)	Oct 03, 2023	Aug 20, 2024
Anchor Lockin End date 1	Oct 27, 2023	Sep 15, 2024
Anchor Lockin End date 2	Dec 26, 2023	Nov 14, 2024

Financials

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

Manoj Vaibhav Gems 'N' Jewellers IPO

Saraswati Saree Depot 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

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

74.27%

74.75%

P/E Ratio

11.74

17.94

Market Cap

₹1050.22 Cr.

₹633.60 Cr.

ROE

23.19%%

58.88%

ROCE

17.71%%

64.46%

Debt/Equity

1.34

0.67

EPS

₹18.32

₹8.92

RoNW

20.78%%

45.49%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO retail investors (RII) are offered 43,98,605 shares while in Saraswati Saree Depot 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 50,00,400 shares in Saraswati Saree Depot IPO.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Saraswati Saree Depot IPO
Anchor Investor Reserveration	37,70,160 shares
Market Maker Reserveration
QIB	25,13,488 shares	50,00,400 shares
NII	18,85,116 shares	15,00,120 shares
RII	43,98,605 shares	35,00,280 shares
Employee	0 shares	0 shares
Others
Total	87,97,209 shares	1,00,00,800 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Saraswati Saree Depot IPO
QIB (times)	1.08x	64.12x
NII (times)	5.40x	358.47x
Big NII (times)	6.35x	389.28x
Small NII (times)	3.49x	296.85x
RII (times)	1.73x	61.59x
Employee (times)
Other (times)
Total (times)	2.33x	107.39x

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