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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 ₹215.00 per share . The lot size for an application is 69. The minimum amount of investment required by an retail is ₹14,076 (69 shares). 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 Date | September 22, 2023 to September 26, 2023 |
| Listing Date | October 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹204 to ₹215 per share |
| Issue Price Final | ₹215 per share |
| Lot Size | 69 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,25,67,441 shares (aggregating up to ₹270.20 Cr) |
| Fresh Issue | 97,67,441 shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 28,00,000 shares of ₹10 (aggregating up to ₹60.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 4,88,47,442 shares |
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, 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 | Maximum 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%) |
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. Manoj Vaibhav Gems 'N' Jewellers IPO Anchor Investors list
| Bid Date | September 21, 2023 |
| Shares Offered | 37,70,160 |
| Anchor Portion Size (In Cr.) | 81.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 26, 2023 |
Manoj Vaibhav Gems 'N' Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
| IPO Open Date | Fri, Sep 22, 2023 |
| IPO Close Date | Tue, Sep 26, 2023 |
| Tentative Allotment | Wed, Sep 27, 2023 |
| Initiation of Refunds | Fri, Sep 29, 2023 |
| Credit of Shares to Demat | Fri, Sep 29, 2023 |
| Tentative Listing Date | Tue, Oct 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2023 |
Investors can bid for a minimum of 69 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 |
| Total Income | 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 |
The market capitalization of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹1050.22 Cr.
| KPI | Values |
|---|---|
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| RoNW | 20.78% |
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
[Dilip Davda] The company is a south-centric retailer in jewellery and has 13 stores as of now. It has planned to add 8 more stores. With target customers from Tier-2 and Tier-3 regions, the company hopes to maintain the tempo of growth. Based on annualized FY24 earnings, the issue appears fully priced. Well-informed investors may plan moderate investments for the medium to long term. Read detail review...
| Listing Date | October 3, 2023 |
| BSE Script Code | 543995 |
| NSE Symbol | MVGJL |
| ISIN | INE0KNT01012 |
| Final Issue Price | ₹215 per share |
| BSE Listing Group | B |
Manoj Vaibhav Gems 'N' Jewellers Ltd.
47-15-8, V Square, Zone-A, Opp: TSR Complex,
Station Road,
Dwarakanagar,
Visakhapatnam, Andhra Pradesh, 530016
Phone: + (91) 89 1663 7777
Email: cs@vaibhavjewellers.com
Website: https://www.vaibhavjewellers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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 ₹270.20 Crores. The issue is priced at ₹215 per share. The minimum order quantity is 69.
The IPO opens on September 22, 2023, and closes on September 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 September 22, 2023 and closes on September 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 Friday, September 29, 2023. Check the Manoj Vaibhav Gems 'N' Jewellers IPO allotment status.
The Manoj Vaibhav Gems 'N' Jewellers IPO listing date is on Tuesday, October 3, 2023.
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