Manoj Vaibhav Gems 'N' Jewellers IPO vs Saraswati Saree Depot IPO

Comparison between Manoj Vaibhav Gems 'N' Jewellers IPO and Saraswati Saree Depot IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Saraswati Saree Depot 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 Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

 Manoj Vaibhav Gems 'N' Jewellers IPOSaraswati Saree Depot IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹204.00 per share₹152.00 per share
Issue Price (Upper)₹215.00 per share₹160.00 per share
Issue Price (Final)₹215.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size69 shares90 shares
Fresh Issue Size97,67,441 shares64,99,800 shares
Fresh Issue Size (Amount)up to ₹210.00 Crup to ₹104.00 Cr
OFS Issue Size28,00,000 shares35,01,000 shares
OFS Issue Size (Amount)up to ₹60.20 Crup to ₹56.02 Cr
Issue Size Total1,25,67,441 shares1,00,00,800 shares
Issue Size Total (Amount)up to ₹270.20 Crup to ₹160.01 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Saraswati Saree Depot IPO is Sep 26, 2023, and Aug 14, 2024, respectively.

 Manoj Vaibhav Gems 'N' Jewellers IPOSaraswati Saree Depot IPO
Anchor Bid DateSep 21, 2023
Issue OpenSep 22, 2023Aug 12, 2024
Issue CloseSep 26, 2023Aug 14, 2024
Basis Of Allotment (Tentative)Sep 27, 2023Aug 16, 2024
Initiation of Refunds (Tentative)Sep 29, 2023Aug 19, 2024
Credit of Share (Tentative)Sep 29, 2023Aug 19, 2024
Listing date (Tentative)Oct 03, 2023Aug 20, 2024
Anchor Lockin End date 1Oct 27, 2023
Anchor Lockin End date 2Dec 26, 2023

Financials & KPIs

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

 Manoj Vaibhav Gems 'N' Jewellers IPOSaraswati Saree Depot 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 Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets205.94188.85169.93
Total Income612.58603.52550.31
Profit After Tax29.5322.9712.31
NET Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)74.2774.75
P/E Ratio11.7417.94
Market Cap₹1050.22 Cr.₹633.60 Cr.
ROE23.19%58.88
ROCE17.71%64.46
Debt/Equity1.340.67
EPS₹18.32₹8.92
RoNW20.78%45.49

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO Retail Individual Investors (RII) are offered 43,98,605 shares while in Saraswati Saree Depot 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 50,00,400 shares in Saraswati Saree Depot IPO.

 Manoj Vaibhav Gems 'N' Jewellers IPOSaraswati Saree Depot IPO
Anchor Investor Reservation37,70,160 shares
Market Maker Reservation
QIB25,13,559 shares50,00,400 shares
NII18,85,117 shares15,00,120 shares
RII43,98,605 shares35,00,280 shares
Employee
Others
Total1,25,67,441 shares1,00,00,800 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

 Manoj Vaibhav Gems 'N' Jewellers IPOSaraswati Saree Depot IPO
QIB (times)1.08x64.12x
NII (times)5.40x358.47x
Big NII (times)6.35x389.28x
Small NII (times)3.49x296.85x
RII (times)1.73x61.59x
Employee (times)
Other (times)
Total (times)2.33x107.39x

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Manoj Vaibhav Gems 'N' Jewellers IPO Vs Saraswati Saree Depot IPO