Established in the year 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited, also recognized as Vaibhav Jewellers operates as a prominent regional jewellery brand within South India.
The company specializes in a diverse range of jewellery products, including gold, silver, and diamond jewellery, as well as precious gemstones. These offerings are made available to customers through their retail showrooms and an online platform.
Vaibhav Jewellers caters to a wide spectrum of economic segments within the micro markets of Andhra Pradesh and Telangana. Their comprehensive approach encompasses both rural and urban markets. The company has strategically positioned itself as a retailer that prioritizes building customer relationships through thoughtful design, uncompromising quality, transparency, and exemplary customer service.
Currently, Vaibhav Jewellers operates a network of 13 showrooms, which includes two franchisee showrooms. These establishments are spread across eight towns and two cities within the regions of Andhra Pradesh and Telangana.
Read More About Manoj Vaibhav Gems IPO
Manoj Vaibhav Gems ‘N’ Jewellers IPO Details
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens on September 22, 2023, and closes on September 26, 2023. The IPO has a total issue size of ₹270.20 Crores, with Manoj Vaibhav Gems ‘N’ Jewellers offering shares at a price range of ₹204 to ₹215 per share. The IPO is scheduled to be listed on the NSE SME. Manoj Vaibhav Gems ‘N’ Jewellers IPO Basis of Allotment is on Tuesday, October 3, 2023. Manoj Vaibhav Gems ‘N’ Jewellers IPO Initiation of Refunds is on Wednesday, October 4, 2023. Manoj Vaibhav Gems ‘N’ Jewellers IPO Credit of Shares to Demat is on October 5, 2023. Manoj Vaibhav Gems ‘N’ Jeweller’s IPO Listing Date is on October 6, 2023.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Date
- Open – September 22, 2023
- Close – September 26, 2023
- Basis of Allotment – October 3, 2023
- Refunds – October 4, 2023
- A credit of Shares to Demat AC – October 5, 2023
- Listing Date – October 6, 2023
Manoj Vaibhav Gems ‘N’ Jewellers IPO Price
- Face Value: ₹10 per share
- Price Band: ₹204 to ₹215 per share
- Lot Size: 69 Shares
- Total Issue Size: 12,567,442 shares (aggregating up to ₹270.20 Cr)
- Fresh Issue: 9,767,442 shares (aggregating up to ₹210.00 Cr)
- Offer for Sale: 2,800,000 shares of ₹10 (aggregating up to ₹60.20 Cr)
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
- Shareholding Pre-Issue: 39,080,000
- Shareholding Post-Issue: 48,847,442
Manoj Vaibhav Gems ‘N’ Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| HNI (Min) | 14 | 966 | ₹207,690 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reservation
| QIB Shares Offered | 2,513,488 (20.00%) |
| NII (HNI) Shares Offered | 1,885,116 (15.00%) |
| Retail Shares Offered | 4,398,605 (35.00%) |
| Anchor Investor Shares Offered | 3,770,160 (30.00%) |
| Total Shares Offered | 12,567,369 (100%) |
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 | 74.27% |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Financial Report
Amount in ₹ Lakhs
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
| Assets | 818.62 | 803.10 | 1077.86 | 1082.82 |
| Revenue | 1,443.18 | 1,697.70 | 2,031.30 | 510.21 |
| Profit After Tax | 20.74 | 43.68 | 71.60 | 19.24 |
| Net Worth | 228.99 | 272.86 | 344.55 | 363.65 |
| Reserves and Surplus | 219.22 | 263.09 | 305.47 | 324.57 |
| Total Borrowing | 463.43 | 477.73 | 460.00 | 460.39 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reason for issue
The company plans to use the net proceeds from the issue for the following purposes:
- Capital Expenditure: Covering the capital expenses associated with establishing the eight (8) new showrooms.
- Inventory: Managing the inventory costs required for the upcoming eight (8) showrooms.
- General Corporate Purposes: Addressing general financial needs and operational requirements.
Company Contact Information
Manoj Vaibhav Gems ‘N’ Jewellers Limited
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