Manoj Vaibhav Gems IPO Details: The scheduled date for Manoj Vaibhav Gems IPO has been confirmed. The IPO is set to enter the market on September 22nd and conclude on September 26th. The company aims to gather approximately ₹270 crores through this IPO. This sum includes a fresh issue of ₹210 crores via 2800000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%.
What is Manoj Vaibhav Gems IPO?
Manoj Vaibhav Gems N Jewelers IPO is an initial public offering (IPO) by Manoj Vaibhav Gems ‘N’ Jewelers, a regional jewelry brand in South India. The IPO is expected to raise up to Rs 270 crore by issuing 28 million equity shares of face value Rs 10 each. The issue price is ₹204 to ₹215 Per Share, and the grey market premium is around 5%. The IPO will open for subscription on September 22, 2023 and close on September 26, 2023. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 5, 2023.
Manoj Vaibhav Gems N Jewelers is a leading jewelry brand in South India. The company has a presence in over 100 cities and towns across the region. The company’s products include gold, diamonds, platinum, silver, and other jewelry products. The company’s sales have grown at a CAGR of 20% from FY 2020 to FY 2022.
The proceeds from the IPO will be used to repay debt, acquire land, and fund future expansion plans.
Here are the key details of the Manoj Vaibhav Gems N Jewellers IPO:
- Issue size: Up to Rs 270 crore
- Number of shares: 28 million equity shares of face value Rs 10 each
- Issue price: ₹204 to ₹215 Per Share
- Grey market premium: Around 5%
- Subscription dates: September 22-26, 2023
- Listing date: October 5, 2023
Objectives of Manoj Vaibhav Gems IPO
The objectives of the Manoj Vaibhav Gems N Jewellers IPO are to:
- Repay debt: The company has a debt of Rs 150 crore. The proceeds from the IPO will be used to repay a portion of this debt.
- Acquire land: The company plans to acquire land for future expansion.
- Fund future expansion plans: The company has plans to expand its retail network and enter new markets. The proceeds from the IPO will be used to fund these plans.
- General corporate purposes: The company may also use the proceeds from the IPO for general corporate purposes, such as marketing and advertising.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Date & Price Band Details
| IPO Open: | September 22, 2023 |
| IPO Close: | September 26, 2023 |
| IPO Size: | Approx ₹270 Crores |
| Fresh Issue: | Approx ₹210 Crores |
| Offer for Sale: | Approx 2,800,000 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹204 to ₹215 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Manoj Vaibhav Gems IPO Market Lot
The Manoj Vaibhav Gems IPO minimum market lot is 69 shares with ₹14835 application amount. The retail investors can apply up-to 13 lots with 897 shares or ₹192855 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 69 | ₹14835 |
| Retail Maximum | 13 | 897 | ₹192855 |
| S-HNI Minimum | 14 | 966 | ₹207690 |
| B-HNI Minimum | 68 | 4692 | ₹1008780 |
Manoj Vaibhav Gems IPO Allotment & Listing Dates
The Manoj Vaibhav Gems IPO date is September 22 and the close date is September 26. The Manoj Vaibhav Gems IPO allotment will be finalized on September 29 and the IPO listing on October 5.
| Anchor Investors Allotment: | September 21, 2023 |
| IPO Open Date: | September 22, 2023 |
| IPO Close Date: | September 26, 2023 |
| Basis of Allotment: | September 29, 2023 |
| Refunds: | October 3, 2023 |
| Credit to Demat Account: | October 4, 2023 |
| IPO Listing Date: | October 5, 2023 |
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Manoj Vaibhav Gems IPO Subscription Status
For the latest update on the Manoj Vaibhav Gems IPO, you can check this dedicated page for IPO subscription status.
Manoj Vaibhav Gems IPO Allotment Status
For the latest update on the Manoj Vaibhav Gems IPO, you can check this dedicated page for IPO allotment status.
Manoj Vaibhav Gems IPO Forms
For IPO form for the Manoj Vaibhav Gems IPO, you can check this dedicated page for IPO Forms.
Manoj Vaibhav Gems N Jewelers Company Financials
Here are some of the key financials of Manoj Vaibhav Gems N Jewellers Limited for the last three years:
- Revenue: The company’s revenue has grown from Rs 1,284.30 crore in FY 2020 to Rs 2,031.30 crore in FY 2022, at a CAGR of 20%.
- Profit after tax: The company has made a profit after tax of Rs 24.39 crore in FY 2020, Rs 20.74 crore in FY 2021, and Rs 71.60 crore in FY 2022.
- Debt: The company’s debt stood at Rs 419.32 crore in FY 2020, Rs 463.43 crore in FY 2021, and Rs 477.73 crore in FY 2022.
- Debt-to-equity ratio: The company’s debt-to-equity ratio was 3.32 in FY 2020, 3.62 in FY 2021, and 3.71 in FY 2022.
- Net asset value per share: The net asset value per share stood at Rs 18.32 as of March 31, 2023.
The company’s financial performance has been strong in recent years, with revenue and profit growing at a rapid pace. However, the company’s debt levels have also increased. This is a risk factor that investors should keep in mind before investing in the company.
Overall, the financials of Manoj Vaibhav Gems N Jewellers look good. The company has a strong track record of growth, and its debt levels are manageable. However, investors should carefully consider the risks before investing.
Here are some other things to keep in mind when analyzing the financials of Manoj Vaibhav Gems N Jewellers:
- The company’s operating margins have been declining in recent years. This is a concern, as it means that the company is not as profitable as it used to be.
- The company’s cash flow from operations has been negative in recent years. This means that the company is not generating enough cash from its operations to meet its financial obligations.
- The company’s inventory turnover ratio has been declining in recent years. This means that the company is taking longer to sell its inventory, which could lead to problems if the market conditions deteriorate.
Investors should carefully consider these factors before investing in Manoj Vaibhav Gems N Jewellers.
Manoj Vaibhav Gems IPO Pros and Cons
Here is a table of the pros and cons of investing in the Manoj Vaibhav Gems N Jewellers IPO:
| Pros | Cons |
|---|---|
| Strong track record of growth | Small-cap company |
| Growing demand for jewelry in South India | High debt levels |
| Well-established brand | Operating margins declining |
| Good management team | Cash flow from operations negative |
| Positive outlook for the jewelry sector | Inventory turnover ratio declining |
Company Promoters
- Grandhi Bharata Mallika Ratna Kumari (HUF)
- Bharata Mallika Ratna Kumari Grandhi
- Grandhi Sai Keerthana
Manoj Vaibhav Gems IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/
Company Address
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/
Manoj Vaibhav Gems IPO FAQs
The IPO is set to enter the market on September 22nd and conclude on September 26th. The company aims to gather approximately ₹210 crores through this IPO.
The IPO will open on 22nd September 2023.
You can apply for the Manoj Vaibhav Gems N Jewellers IPO through a stockbroker. There are two ways to apply for an IPO through a stockbroker:
Online: You can apply for an IPO online through your stockbroker’s website or mobile app.
Offline: You can apply for an IPO offline by filling up an IPO application form and submitting it to your stockbroker.
To apply for the Manoj Vaibhav Gems N Jewellers IPO online, you will need to create an account with your stockbroker and have a Demat account and a trading account. You will also need to have funds in your trading account to pay for the shares.
To apply for the Manoj Vaibhav Gems N Jewellers IPO offline, you will need to download the IPO application form from your stockbroker’s website or ask for a form from your stockbroker. Fill up the form and submit it to your stockbroker along with the required documents.
The required documents for applying for an IPO are:
PAN card
Aadhaar card
Bank account statement
Proof of residence
The Manoj Vaibhav Gems N Jewellers IPO will open for subscription on September 22, 2023 and close on September 26, 2023. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 5, 2023.
The minimum investment amount for the Manoj Vaibhav Gems N Jewellers IPO is Rs 10,500 (100 shares).
Please note that this is not financial advice. Do your own research before investing in any IPO.
Here are some additional things to keep in mind when applying for the Manoj Vaibhav Gems N Jewellers IPO:
The IPO is likely to be oversubscribed, so it is important to apply early.
You should only invest the amount that you can afford to lose.
You should do your own research on the company before investing.