Founded in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited, popularly known as Vaibhav Jewellers, is a well-established regional jewelry brand in South India.
Vaibhav Jewellers specializes in offering a wide range of jewelry products, including gold, silver, and diamond jewelry, along with precious gemstones.
Catering to a diverse customer base, Vaibhav Jewellers serves various economic segments across the micro markets of Andhra Pradesh and Telangana. Their reach extends to both rural and urban markets, reflecting their commitment to providing jewelry that suits the preferences and needs of a wide range of customers.
The company has built its reputation on the core values of ‘Relationships, by Design.’ This customer-centric approach places a strong emphasis on offering meticulously crafted designs, uncompromising quality, transparency, and exceptional customer service.
As of now, Vaibhav Jewellers operates a total of 13 showrooms, which include two franchisee showrooms.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Details #
The IPO total issue size is Rs [.]. The Manoj Vaibhav Gems ‘N’ Jewellers IPO price is [.] to [.] per share. The IPO will list on BSE, NSE.
| IPO Date | September 22, 2023 to September 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 39,080,000 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Timetable (Tentative) #
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Friday, September 29, 2023 |
| Initiation of Refunds | Tuesday, October 3, 2023 |
| Credit of Shares to Demat | Wednesday, October 4, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Promoter Holding #
Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi,and Grandhi Sai Keerthana are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials #
| 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 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| ROE | 23.19% |
| ROCE | 17.71% |
| Debt/Equity | 1.34 |
| EPS (Rs) | 18.32 |
| RoNW | 20.78% |
Objects of the Issue #
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
- 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, - General corporate purposes.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Prospectus #
Company Contact Information #
47-15-8, V Square, Zone-A, Opp: TSR Complex,
Station Road, Dwarakanagar,
Visakhapatnam – 530016
Phone: + (91) 89 1663 7777
Email: cs@vaibhavjewellers.com
Website: https://www.vaibhavjewellers.com/
Manoj Vaibhav Gems ‘N’ Jewellers IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Manoj Vaibhav Gems ‘N’ Jewellers IPO Lead Manager(s) #
- Bajaj Capital Limited (Past IPO Performance)
- Elara Capital (India) Private Limited (Past IPO Performance)
FAQs #
What is the total issue size of Manoj Vaibhav Gems ‘N’ Jewellers IPO?
The total issue size of Manoj Vaibhav Gems ‘N’ Jewellers IPO is yet to be disclosed.
What is the IPO price for Manoj Vaibhav Gems ‘N’ Jewellers shares?
The IPO price for Manoj Vaibhav Gems ‘N’ Jewellers shares is yet to be disclosed.
What is the minimum lot size for Manoj Vaibhav Gems ‘N’ Jewellers IPO?
The minimum lot size for Manoj Vaibhav Gems ‘N’ Jewellers IPO is yet to be disclosed.
When does Manoj Vaibhav Gems ‘N’ Jewellers IPO open and close?
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023.
Who are the promoters of Manoj Vaibhav Gems ‘N’ Jewellers Limited?
The promoters of the company are Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi, and Grandhi Sai Keerthana.
What are the key financial indicators of Manoj Vaibhav Gems ‘N’ Jewellers Limited as of June 30, 2023?
Earnings Per Share (EPS): ₹19.24
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
