MANOJ VAIBHAV GEMS N JEWELLERS LIMITED
₹ 204 - ₹ 215
22-Sep-2023 - 26-Sep-2023
₹ 14835.00

/ 69 Shares

MANOJ VAIBHAV GEMS N JEWELLERS LIMITED

22-Sep-2023 - 26-Sep-2023

₹ 204 - ₹ 215

Price Band

₹ 14835.00

Minimum Investment

69

Bid Lot

12,567,441

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 63,747 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 210 Cr + Offer for Sale of 2800000 Equity Shares

Category % Shares/Amount
QIB 50% 6,283,719 Shares Rs. 135.10 Cr
HNI 1 5% 628,372 Shares Rs. 13.51 Cr @ 650 Form 1x
HNI 2 10% 1,256,745 Shares Rs.27.02 Cr @ 1301 Form 1x
Retail 35% 4,398,605 Shares Rs. 94.57 Cr @ 63748 Form 1x

Bajaj Capital & Elara Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
63748 Form 1x 650 Form 1x 1301 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 69 ₹ 14,835
Retail (Upto 2 Lakh) 13 897 ₹ 192,855
S-HNI (2 Lakh to 10 Lakh) 14 966 ₹ 207,690
S-HNI (2 Lakh to 10 Lakh) 67 4623 ₹ 993,945
B-HNI (Above 10 Lakh) 68 4692 ₹ 1,008,780

IPO Timeline

  • Open Date

    22-Sep-2023

  • Close Date

    26-Sep-2023

  • Basis of Allotment Date

    03-Oct-2023

  • Initiation of Refunds

    04-Oct-2023

  • Credit Shares to Demat A/c

    05-Oct-2023

  • IPO Listing Date

    06-Oct-2023

Subscription as on
26-Sep-2023 18:36

Category Book Size Subscription No. of Times
QIB 2,513,488 ₹ 54.04 Cr. 2,719,704 ₹ 58.47 Cr. 1.08x
HNI (<10 LAKH) 628,372 ₹ 13.51 Cr. 2,191,509 ₹ 47.12 Cr. 3.49x
HNI2 (>10 LAKH) 1,256,745 ₹ 27.02 Cr. 7,980,057 ₹ 171.57 Cr. 6.35x
RETAIL 4,398,605 ₹ 94.57 Cr. 7,614,357 ₹ 163.71 Cr. 1.73x
Total 8,797,210 20,505,627 2.33x
Category Book Size Subscription No. of Times
QIB 2,513,488 ₹ 54.04 Cr. 2,719,704 ₹ 58.47 Cr. 1.08x
HNI (<10 LAKH) 628,372 ₹ 13.51 Cr. 2,191,509 ₹ 47.12 Cr. 3.49x
HNI2 (>10 LAKH) 1,256,745 ₹ 27.02 Cr. 7,980,057 ₹ 171.57 Cr. 6.35x
RETAIL 4,398,605 ₹ 94.57 Cr. 7,614,357 ₹ 163.71 Cr. 1.73x
Total 8,797,210 20,505,627 2.33x

*Excluding Anchor

Total No. of Application Approx : ~97922 (1.54 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Manoj Vaibhav Jewellers, are a leading regional jewellery brand in South India led by a first generation woman entrepreneur Mrs. Bharata Mallika Ratna Kumari Grandhi along with her daughter Grandhi Sai Keerthana (Source: Technopak Report). They are a hyperlocal jewellery retail chain with presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. They have a market share of ~4% of the overall Andhra Pradesh and Telangana jewellery market and ~10% of the organised market in these two states in FY2023, as per the Technopak Report.
  • They cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their dedicated branded showrooms and have a strong rural market focus and a dedicated urban focus also. They have positioned themselves as a retailer focused on ‘Relationships, by Design’ where they focus on offering designs, high quality, transparency and customer service to their customers. They connect with target groups through exhibitions to understand the taste and preference of the customers through their “Go to Marketing Strategy”.
  • They have developed goodwill with their presence of over 28 years in the markets that they operate. Their brand, Vaibhav Jewellers, is a known name in Andhra Pradesh & Telangana with a loyal customer base. Each of their showroom houses varied exquisite and large inventory of designs across wide range of products in Gold, Diamond, Gems, Platinum & Silver Jewellery and / or articles.

 

Read More

Strengths

Company Promoters

Company Financials

Company Financials

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

Objects of the Issue

  1. To Finance the Establishment of the proposed 8 new showrooms, i.e.
    (a) Capital expenditure cost for the proposed eight (8) new showrooms,
    (b) Inventory cost for the proposed eight (8) new showrooms,
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment