Manoj Vaibhav Gems ‘N’ Jewellers IPO Complete Details: The book-built IPO for Manoj Vaibhav Gems ‘N’ Jewellers is worth Rs 270.20 crores. The offering consists of a fresh issue of 0.98 billion shares totaling Rs. 210.00 billion and an offer to sell 0.28 billion shares totaling Rs. 60.20 billion.
The pricing range for Manoj Vaibhav Gems ‘N’ Jewellers’ initial public offering is set at 204 to 215. 69 Shares are the bare minimum lot size for an application. Retail investors are required to make investments of at least 14,835. For both sNII and bNII, the minimum lot size investment is 14 lots (966 shares), or 207,690, and 68 lots (4,692 shares), or 1,008,780.
On September 22, 2023, Manoj Vaibhav Gems ‘N’ Jewellers’ initial public offering (IPO) opens for subscription. It ends on September 26, 2023. On Tuesday, October 3, 2023, the allotment for the Manoj Vaibhav Gems ‘N’ Jewellers IPO is anticipated to be completed. The tentative listing date for the Manoj Vaibhav Gems ‘N’ Jewellers IPO, which will list on the BSE and NSE, is set for Friday, October 6, 2023.
The Manoj Vaibhav Gems ‘N’ Jewellers IPO’s book running lead managers are Elara Capital (India) Private Limited and Bajaj Capital Limited, while the issue’s registrar is Bigshare Services Pvt Ltd.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Overview
| Manoj Vaibhav Gems ‘N’ Jewellers Limited Company Overview | |
|---|---|
| Company Name | Manoj Vaibhav Gems ‘N’ Jewellers |
| IPO Opening Date | 22 September, 2023 |
| IPO Closing Date | 26 September, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 204₹ To 215₹ |
| Lot Size | 69 Shares |
| Issue Type | Book Built Issue IPO |
| Total IPO Issue Size | 12,567,442 Shares |
| Fresh Issue Size | 9,767,442 Shares |
| IPO Listing At | NSE, BSE |
| Share Holding Pre Issue | 39,080,000 |
| Share Holding Post Issue | 48,847,442 |
| More IPO’s | Check Here |
Manoj Vaibhav Gems ‘N’ Jewellers Lot Size
| Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO Size | |
|---|---|
| Minimum Retail Applications | 1 Lot |
| Maximum Retail Applications | 13 lots |
| Minimum S-HNI Applications | 14 Lots |
| Maximum S-HNI Applications | 67 Lots |
| Minimum B-HNI Applications | 68 Lots |
| Total Shares In Single Lot | 69 Shares |
| Amount For Single Lot | 14,835 Rupees |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Time Table (Tentative)
| Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 22 September, 2023 |
| IPO Ending Date | 26 September, 2023 |
| Basis Of Allotment | 03 October, 2023 |
| Initiation Of Refund | 04 October, 2023 |
| Shares Credit To Demat Account | 05 October, 2023 |
| Date Of Listing | 06 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | (5 PM) 26 September, 2023 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reservation Details
| Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50% Of Net Offer |
Manoj Vaibhav Gems ‘N’ Jewellers Company Financials
| Manoj Vaibhav Gems ‘N’ Jewellers Limited Company Financials Information | |
|---|---|
| This Data Is Of | 30 June, 2023 |
| Total Revenue | 510.21 Cr |
| Assets | 11082.82 Cr |
| Profit After Tax | 19.24 Cr |
| Net Worth | 1363.65 Cr |
| Reserves And Surplus | 1324.57 Cr |
| Debt | 460.39 Cr |
Is Manoj Vaibhav Gems ‘N’ Jewellers IPO Good Or Bad To Buy? (Review)
The business currently operates 13 locations and specializes in selling jewelry in the south. It intended to open 8 additional stores. With target clients from Tier-2 and Tier-3 regions, the business expects to keep up its growing pace. According to annualized earnings for FY24, the issue appears to be fully priced. For the medium to long term, savvy investors may plan moderate investments.
What Is The Objective Of Manoj Vaibhav Gems ‘N’ Jewellers IPO Issue?
- To finance the establishment of the eight (8) new showrooms that are being planned, including:-
- (a) Capital investment costs
- (b) Inventory costs.
- General corporate purposes.
How To Apply For Manoj Vaibhav Gems ‘N’ Jewellers Initial Public Offer?
- Visit the Zerodha portal and log in to the Console.
- Click the IPOs link under Portfolio.
- Click the ‘Bid’ button under the ‘Manoj Vaibhav Gems ‘N’ Jewellers IPO’ row.
- Enter the Price, Quantity, and UPI ID.
- “Submit” your IPO application.
- Log into the BHIM app, internet banking, or UPI app to authorize the mandate.