Manoj Vaibhav Gems IPO Price: ₹204 to ₹215 per share
IPO Date Range: Sep 22, 2023 - Sep 26, 2023
Established in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited, colloquially known as Vaibhav Jewellers, has carved a niche for itself in the jewellery sector of South India. Over the years, the brand has become synonymous with trust, quality, and exquisite designs.
Vaibhav Jewellers is a prominent jewellery retailer offering an extensive collection of gold, silver, diamond jewellery, and precious gemstones. Their commitment to 'Relationships, by Design' is evident in their unique designs, transparency in dealings, and unparalleled customer service. The brand's offerings span offline retail showrooms and a dynamic online platform, ensuring a seamless shopping experience for its customers.
With a robust network of 13 showrooms, including two franchisee outlets, Vaibhav Jewellers has a significant footprint across 8 towns and 2 cities in Andhra Pradesh and Telangana.
| IPO Date | September 22, 2023 to September 26, 2023 |
| Listing Date | Friday, October 6, 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 pre issue | 39,080,000 |
| Share holding post issue | 48,847,442 |
The minimum lot size to apply in this Manoj Vaibhav Gems IPO consists of 69 shares, requiring an investment of ₹14,835.
| 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 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
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As of June 30, 2023, the company's assets stood at ₹1,082.82 crores, with a revenue of ₹510.21 crores. The profit after tax for the same period was ₹19.24 crores. Here, you can get the complete data of the past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Assets | 803.10 | 899.53 | 1,077.86 | 1,082.82 |
| Revenue | 1,443.18 | 1,697.70 | 2,031.30 | 510.21 |
| Profit After Tax | 20.74 | 43.68 | 71.60 | 19.24 |
| Net Worth | 228.99 | 272.86 | 344.55 | 363.65 |
| Reserves and Surplus | 219.22 | 263.09 | 305.47 | 324.57 |
| Total Borrowing | 463.43 | 477.73 | 460.00 | 460.39 |
The market capitalization of Manoj Vaibhav Gems 'N' Jewellers IPO stands at Rs 1050.22 Crore, with a P/E ratio of 11.47.
| KPI | Values |
|---|---|
| P/E (x) | 11.47 |
| Market Cap (₹ Cr.) | 1050.22 |
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| EPS (Rs) | 18.32 |
| RoNW | 20.78% |
The proceeds from the IPO are earmarked for the establishment of 8 new showrooms, encompassing both capital expenditure and inventory costs. A portion of the funds will also be directed towards general corporate purposes.
Prospectus: Official documents that provide detailed information about the IPO and the company. Manoj Vaibhav Gems 'N' Jewellers IPO DRHP and Manoj Vaibhav Gems 'N' Jewellers IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Manoj Vaibhav Gems 'N' Jewellers" IPO is ₹204 to ₹215 per share.
The "Manoj Vaibhav Gems 'N' Jewellers" IPO is expected to be listed on Friday, October 6, 2023.
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