Bookbuilding IPO | ₹270 Cr | Listed at BSE, NSE | Fri, Sep 22, 2023 - Tue, Sep 26, 2023
Manoj Vaibhav Gems 'N' Jewellers IPO is a book build issue of ₹270.20 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to ₹210.00 crores and offer for sale of 0.28 crore shares aggregating to ₹60.20 crores.
Manoj Vaibhav Gems 'N' Jewellers IPO bidding started from Sep 22, 2023 and ended on Sep 26, 2023. The allotment for Manoj Vaibhav Gems 'N' Jewellers IPO was finalized on Sep 27, 2023. The shares got listed on BSE, NSE on Oct 3, 2023.
Manoj Vaibhav Gems 'N' Jewellers IPO price band is set at ₹215 per share. The lot size for an application is 69. The minimum amount of investment required by an retail is ₹14,835 (69 shares) (based on upper price). The lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,07,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,08,780.
Bajaj Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Manoj Vaibhav Gems 'N' Jewellers IPO RHP for detailed Information.
IPO Open
Fri, Sep 22, 2023
IPO Close
Tue, Sep 26, 2023
Issue Price
₹215 per share
Market Cap (Pre-IPO)
₹1,050.22 Cr
| IPO Date | 22 to 26 Sep, 2023 |
| Listed on | Tue, Oct 3, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹204 to ₹215 |
| Issue Price | ₹215 per share |
| Lot Size | 69 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,67,441 shares (agg. up to ₹270 Cr) |
| Fresh Issue | 97,67,441 shares (agg. up to ₹210 Cr) |
| Offer for Sale | 28,00,000 shares of ₹10 (agg. up to ₹60 Cr) |
| Share Holding Post Issue | 4,88,47,442 shares |
| BSE Script Code / NSE Symbol | 543995 / MVGJL |
| ISIN | INE0KNT01012 |
Manoj Vaibhav Gems 'N' Jewellers IPO offers total 1,25,67,441 shares. Out of which 62,83,719 (50.00%) allocated to QIB, 25,13,559 (20.00%) allocated to QIB (Ex- Anchor), 18,85,117 (15.00%) allocated to NII 43,98,605 (35.00%) allocated to RII and 37,70,160 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 62,83,719 (50.00%) | NA |
| − Anchor Investor Shares Offered | 37,70,160 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,13,559 (20.00%) | NA |
| NII (HNI) Shares Offered | 18,85,117 (15.00%) | NA |
| − bNII > ₹10L | 12,56,745 (10.00%) | 1,300 |
| − sNII < ₹10L | 6,28,372 (5.00%) | 650 |
| Retail Shares Offered | 43,98,605 (35.00%) | 63,747 |
| Total Shares Offered | 1,25,67,441 (100.00%) |
Investors can bid for a minimum of 69 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹1,92,855 |
| S-HNI (Min) | 14 | 966 | ₹2,07,690 |
| S-HNI (Max) | 67 | 4,623 | ₹9,93,945 |
| B-HNI (Min) | 68 | 4,692 | ₹10,08,780 |
Manoj Vaibhav Gems 'N' Jewellers IPO raises ₹81.06 crore from anchor investors. Manoj Vaibhav Gems 'N' Jewellers IPO Anchor bid date is September 21, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 21, 2023 |
| Shares Offered | 37,70,160 |
| Anchor Portion (₹ Cr.) | 81.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 26, 2023 |
Incorporated in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India.
The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website
Vaibhav Jewellers' cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on 'Relationships, by Design' where it focuses on offering designs, high quality, transparency, and customer service to its customers.
The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 1,082.82 | 1,077.86 | 899.53 | 803.10 | 818.62 |
| Total Income | 510.21 | 2,031.30 | 1,697.70 | 1,443.18 | 1,284.30 |
| Profit After Tax | 19.24 | 71.60 | 43.68 | 20.74 | 24.39 |
| NET Worth | 363.65 | 344.55 | 272.86 | 228.99 | 208.08 |
| Reserves and Surplus | 324.57 | 305.47 | 263.09 | 219.22 | 198.31 |
| Total Borrowing | 460.39 | 460.00 | 477.73 | 463.43 | 419.32 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Finance Establishment of proposed 8 new showrooms, i.e (a) Capital expenditure cost for the proposed eight (8) new showrooms | 12.00 |
| 2 | (b) Estimated inventory cost for New Showrooms proposed to be opened | 160.02 |
| 3 | General corporate purposes | 17.32 |
| KPI | |
|---|---|
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| RoNW | 20.78% |
| PAT Margin | 3.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.32 | |
| P/E (x) | 11.74 | |
| Promoter Holding | 100.00% | 74.27% |
| Market Cap | ₹1,050.22 Cr. |
The Manoj Vaibhav Gems 'N' Jewellers IPO is subscribed 2.33 times on September 26, 2023 7:02:00 PM (Day 3). The public issue subscribed 1.73 times in the retail category, 1.08 times in the QIB category, and 5.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.08 | 25,13,488 | 27,19,704 |
| NII | 5.4 | 18,85,116 | 1,01,71,566 |
| bNII (bids above ₹10L) | 6.35 | 12,56,745 | 79,80,057 |
| sNII (bids below ₹10L) | 3.49 | 6,28,372 | 21,91,509 |
| Retail | 1.73 | 43,98,605 | 76,15,668 |
| Total | 2.33 | 87,97,209 | 2,05,06,938 |
Total Application : 99,900
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 9.24 |
| 2 | Bidding charges for members of the Syndicate (including their sub- Syndicate Members), Registered Brokers, RTAs and CDPs | 1.25 |
| 3 | Listing Fees, SEBI filing fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 2.33 |
| 4 | Printing and stationery expenses | 1.06 |
| 5 | Advertising and marketing expenses | 1.08 |
| 6 | Fees payable to legal counsels | 0.85 |
| 7 | Miscellaneous | 10.78 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹215.00 | ₹215.00 |
| Open | ₹215.00 | ₹215.00 |
| Low | ₹210.00 | ₹210.10 |
| High | ₹221.90 | ₹222.00 |
| Last Trade | ₹215.65 | ₹215.50 |
Lead Manager Reports
Manoj Vaibhav Gems 'N' Jewellers IPO is a main-board IPO of 1,25,67,441 equity shares of the face value of ₹10 aggregating up to ₹270 Crores. The issue is priced at ₹215 per share. The minimum order quantity is 69.
The IPO opens on Fri, Sep 22, 2023, and closes on Tue, Sep 26, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Manoj Vaibhav Gems 'N' Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Manoj Vaibhav Gems 'N' Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manoj Vaibhav Gems 'N' Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manoj Vaibhav Gems 'N' Jewellers IPO opens on Fri, Sep 22, 2023 and closes on Tue, Sep 26, 2023.
Manoj Vaibhav Gems 'N' Jewellers IPO lot size is 69, and the minimum amount required for application is ₹14,835.
You can apply in Manoj Vaibhav Gems 'N' Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manoj Vaibhav Gems 'N' Jewellers IPO will be done on Wednesday, September 27, 2023, and the allotted shares will be credited to your demat account by Fri, Sep 29, 2023. Check the Manoj Vaibhav Gems 'N' Jewellers IPO allotment status.
The Manoj Vaibhav Gems 'N' Jewellers IPO listing date is on Tue, Oct 3, 2023.
