Manoj Vaibhav Gems 'N' Jewellers IPO vs Sai Silks (Kalamandir) IPO

Comparison between Manoj Vaibhav Gems 'N' Jewellers IPO and Sai Silks (Kalamandir) IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sai Silks (Kalamandir) IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

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 Sai Silks (Kalamandir) IPO is up to ₹1,201.00 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Sai Silks (Kalamandir) IPO is ₹222.00 per share.

 Manoj Vaibhav Gems 'N' Jewellers IPOSai Silks (Kalamandir) IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹204.00 per share₹210.00 per share
Issue Price (Upper)₹215.00 per share₹222.00 per share
Issue Price (Final)₹215.00 per share₹222.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size69 shares67 shares
Fresh Issue Size97,67,441 shares2,70,27,027 shares
Fresh Issue Size (Amount)up to ₹210.00 Crup to ₹600.00 Cr
OFS Issue Size28,00,000 shares2,70,72,000 shares
OFS Issue Size (Amount)up to ₹60.20 Crup to ₹601.00 Cr
Issue Size Total1,25,67,441 shares5,40,99,027 shares
Issue Size Total (Amount)up to ₹270.20 Crup to ₹1,201.00 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Sai Silks (Kalamandir) IPO opens on Sep 20, 2023. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Sai Silks (Kalamandir) IPO is Sep 26, 2023, and Sep 22, 2023, respectively.

 Manoj Vaibhav Gems 'N' Jewellers IPOSai Silks (Kalamandir) IPO
Anchor Bid DateSep 21, 2023Sep 18, 2023
Issue OpenSep 22, 2023Sep 20, 2023
Issue CloseSep 26, 2023Sep 22, 2023
Basis Of Allotment (Tentative)Sep 27, 2023Sep 27, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Sep 29, 2023
Credit of Share (Tentative)Sep 29, 2023Oct 03, 2023
Listing date (Tentative)Oct 03, 2023Sep 27, 2023
Anchor Lockin End date 1Oct 27, 2023Oct 27, 2023
Anchor Lockin End date 2Dec 26, 2023Dec 26, 2023

Financials & KPIs

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Sai Silks (Kalamandir) IPO P/E ratio of 27.37.

 Manoj Vaibhav Gems 'N' Jewellers IPOSai Silks (Kalamandir) IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets1,082.821,077.86899.53803.10818.62
Total Income510.212,031.301,697.701,443.181,284.30
Profit After Tax19.2471.6043.6820.7424.39
NET Worth363.65344.55272.86228.99208.08
Reserves and Surplus324.57305.47263.09219.22198.31
Total Borrowing460.39460.00477.73463.43419.32
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets1,220.45842.49665.42692.76
Total Income1,358.921,133.02679.101,178.62
Profit After Tax97.5957.695.1342.10
NET Worth397.33300.66242.99231.51
Reserves and Surplus373.27276.60218.93208.05
Total Borrowing345.50260.49217.22164.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0095.23
Promoter Shareholding (Post-Issue)74.2760.80
P/E Ratio11.7427.37
Market Cap₹1050.22 Cr.₹3404.73 Cr.
ROE23.19%27.96%
ROCE17.71%23.55%
Debt/Equity1.340.87
EPS₹18.32₹8.11
RoNW20.78%24.56%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO Retail Individual Investors (RII) are offered 43,98,605 shares while in Sai Silks (Kalamandir) IPO retail investors are offered 43,98,605 shares. Qualified Institutional Buyers (QIB) are offered 25,13,559 shares in Manoj Vaibhav Gems 'N' Jewellers IPO and 1,08,19,805 shares in Sai Silks (Kalamandir) IPO.

 Manoj Vaibhav Gems 'N' Jewellers IPOSai Silks (Kalamandir) IPO
Anchor Investor Reservation37,70,160 shares1,62,29,707 shares
Market Maker Reservation
QIB25,13,559 shares1,08,19,805 shares
NII18,85,117 shares81,14,855 shares
RII43,98,605 shares1,89,34,660 shares
Employee
Others
Total1,25,67,441 shares5,40,99,027 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Sai Silks (Kalamandir) IPO subscribed 4.47x.

 Manoj Vaibhav Gems 'N' Jewellers IPOSai Silks (Kalamandir) IPO
QIB (times)1.08x12.17x
NII (times)5.40x2.54x
Big NII (times)6.35x3.03x
Small NII (times)3.49x1.57x
RII (times)1.73x0.91x
Employee (times)
Other (times)
Total (times)2.33x4.47x

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