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Manoj Vaibhav Gems 'N' Jewellers IPO is a book built issue of Rs 270.20 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to Rs 210.00 crores and offer for sale of 0.28 crore shares aggregating to Rs 60.20 crores.
Manoj Vaibhav Gems 'N' Jewellers IPO bidding started from September 22, 2023 and ended on September 26, 2023. The allotment for Manoj Vaibhav Gems 'N' Jewellers IPO was finalized on Wednesday, September 27, 2023. The shares got listed on BSE, NSE on October 3, 2023.
Manoj Vaibhav Gems 'N' Jewellers IPO price band is set at ₹204 to ₹215 per share. The minimum lot size for an application is 69 Shares. The minimum amount of investment required by retail investors is ₹14,835. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹207,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹1,008,780.
Bajaj Capital Limited and Elara Capital (India) Private Limited are the book running lead managers of the Manoj Vaibhav Gems 'N' Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Manoj Vaibhav Gems 'N' Jewellers IPO RHP for detailed information.
| IPO Date | September 22, 2023 to September 26, 2023 |
| Listing Date | October 3, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 12,567,442 shares (aggregating up to ₹270.20 Cr) |
| Fresh Issue | 9,767,442 shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹60.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding post issue | 48,847,442 |
Manoj Vaibhav Gems 'N' Jewellers IPO offers 12,567,369 shares. 2,513,488 (20.00%) to QIB, 1,885,116 (15.00%) to NII, 4,398,605 (35.00%) to RII 3,770,160 (30.00%) to Anchor investors. 63,747 RIIs will receive minimum 69 shares and 650 (sNII) and 1,300 (bNII) will receive minimum 966 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,770,160 (30.00%) | NA |
| QIB Shares Offered | 2,513,488 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,885,116 (15.00%) | |
| bNII > ₹10L | 1,256,745 (10.00%) | 1,300 |
| sNII < ₹10L | 628,372 (5.00%) | 650 |
| Retail Shares Offered | 4,398,605 (35.00%) | 63,747 |
| Total Shares Offered | 12,567,369 (100%) |
Manoj Vaibhav Gems 'N' Jewellers IPO raises Rs 81.06 crore from anchor investors. Manoj Vaibhav Gems 'N' Jewellers IPO Anchor bid date is September 21, 2023. Manoj Vaibhav Gems 'N' Jewellers IPO Anchor Investors list
| Bid Date | September 21, 2023 |
| Shares Offered | 3,770,160 |
| Anchor Portion Size (In Cr.) | 81.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 26, 2023 |
Manoj Vaibhav Gems 'N' Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Wednesday, September 27, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Friday, September 29, 2023 |
| Listing Date | Tuesday, October 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
Investors can bid for a minimum of 69 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| S-HNI (Min) | 14 | 966 | ₹207,690 |
| S-HNI (Max) | 67 | 4,623 | ₹993,945 |
| B-HNI (Min) | 68 | 4,692 | ₹1,008,780 |
| Lot Size Calculator | |||
Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi,and Grandhi Sai Keerthana are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 74.27% |
Incorporated in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India.
The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website
Vaibhav Jewellers' cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on 'Relationships, by Design' where it focuses on offering designs, high quality, transparency, and customer service to its customers.
The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.
| 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 |
The market capitalization of Manoj Vaibhav Gems 'N' Jewellers IPO is Rs 1050.22 Cr.
| KPI | Values |
|---|---|
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| RoNW | 20.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.32 | |
| P/E (x) | 11.74 |
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
[Dilip Davda] The company is a south-centric retailer in jewellery and has 13 stores as of now. It has planned to add 8 more stores. With target customers from Tier-2 and Tier-3 regions, the company hopes to maintain the tempo of growth. Based on annualized FY24 earnings, the issue appears fully priced. Well-informed investors may plan moderate investments for the medium to long term. Read detail review...
The Manoj Vaibhav Gems 'N' Jewellers IPO is subscribed 2.33 times on September 26, 2023 7:02:00 PM. The public issue subscribed 1.73 times in the retail category, 1.08 times in the QIB category, and 5.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.08 |
| NII | 5.40 |
| bNII (bids above ₹10L) | 6.35 |
| sNII (bids below ₹10L) | 3.49 |
| Retail | 1.73 |
| Total | 2.33 |
Total Application : 99,900 (1.57 times)
| Listing Date | October 3, 2023 |
| BSE Script Code | 543995 |
| NSE Symbol | MVGJL |
| ISIN | INE0KNT01012 |
| Final Issue Price | ₹215 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹215.00 |
| ₹215.00 |
| ₹210.00 |
| ₹221.90 |
| ₹215.65 |
| NSE |
|---|
| ₹215.00 |
| ₹215.00 |
| ₹210.10 |
| ₹222.00 |
| ₹215.50 |
Manoj Vaibhav Gems 'N' Jewellers Limited
47-15-8, V Square, Zone-A, Opp: TSR Complex,
Station Road, Dwarakanagar,
Visakhapatnam - 530016
Phone: + (91) 89 1663 7777
Email: cs@vaibhavjewellers.com
Website: https://www.vaibhavjewellers.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Manoj Vaibhav Gems 'N' Jewellers IPO is a main-board IPO of 12,567,442 equity shares of the face value of ₹10 aggregating up to ₹270.20 Crores. The issue is priced at ₹204 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.
Zerodha customers can apply online in Manoj Vaibhav Gems 'N' Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Manoj Vaibhav Gems 'N' Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manoj Vaibhav Gems 'N' Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manoj Vaibhav Gems 'N' Jewellers IPO opens on September 22, 2023 and closes on September 26, 2023.
Manoj Vaibhav Gems 'N' Jewellers IPO lot size is 69 Shares, and the minimum amount required is ₹14,835.
You can apply in Manoj Vaibhav Gems 'N' Jewellers 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Manoj Vaibhav Gems 'N' Jewellers IPO will be done on Wednesday, September 27, 2023, and the allotted shares will be credited to your demat account by Friday, September 29, 2023. Check the Manoj Vaibhav Gems 'N' Jewellers IPO allotment status.
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