Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO (Manoj Vaibhav Gems ‘N’ Jewellers IPO)

About Company

Manoj Vaibhav Gems ‘N’ Jewellers Ltd, established in 2003, is a prominent and well-established jewelry brand known as Vaibhav Jewellers, particularly in South India. The company specializes in offering a diverse range of gold, silver, and diamond jewelry, featuring both traditional and contemporary designs. Additionally, it extends its product range to include precious gemstones and various other jewelry items, which are made available through its offline retail showrooms and online via its website.

The customer base of Manoj Vaibhav Gems ‘N’ Jewellers Ltd encompasses a broad spectrum of economic segments, with a strong presence in the micro markets of Andhra Pradesh and Telangana. These two states have a notable affinity for gold and jewelry purchases. The company serves both rural and urban markets, operating 13 showrooms, including 2 franchisee showrooms, situated across 8 towns and 2 cities within Andhra Pradesh and Telangana.

Manoj Vaibhav Gems ‘N’ Jewellers Ltd offers five distinct categories of jewelry:

1. Daily-wear Jewelry: This category comprises plain gold jewelry without any stonework, ideal for everyday use. Examples include plain gold bangles, simple earrings, and plain gold band rings.
2. Bridal Jewelry: Designed for special occasions, this category offers an extensive selection of intricate and elaborate jewelry for women during significant events.
3. Occasion Wear Jewelry: This category is an extension of bridal jewelry and caters to functions like Mehandi, Sangeet, Roka, etc.
4. Antique Jewelry: Known for its detailed and ethnic craftsmanship, this category is favored for festivals, housewarming ceremonies, and similar occasions.
5. Temple Jewelry: Characterized by classic workmanship, each piece in this category is curated and handmade, making it suitable for traditional festive wear.

In summary, Manoj Vaibhav Gems ‘N’ Jewellers Ltd provides jewelry offerings for a wide range of Indian occasions. The issue will be lead managed by Bajaj Capital and Elara Capital, with Bigshare Services Private Ltd serving as the registrar to the issue.

Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO Objectives

The Net Proceeds from the Fresh Issue will be allocated for the following purposes:

1. Financing the Establishment of 8 New Showrooms:
   (a) Covering the capital expenditure costs associated with the setup of the proposed eight (8) new showrooms.
   (b) Managing inventory expenses for these eight (8) new showrooms.
2. General Corporate Purposes.

Manoj Vaibhav Gems ‘N’ Jewellers IPO Details

Open and Close Date of Manoj Vaibhav Gems ‘N’ Jewellers IPO – Tentative

The subscription for the IPO will be open from September 22nd and will close on September 26th.

Manoj Vaibhav Gems ‘N’ Jewellers IPO share price

The price band for the Manoj Vaibhav Gems ‘N’ Jewellers IPO has been set at ₹204 to ₹215 per share.

Manoj Vaibhav Gems ‘N’ Jewellers IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

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 promoters of the company.

Manoj Vaibhav Gems ‘N’ Jewellers Limited’ Financial Information (Reiterated)

Manoj Vaibhav Gems ‘N’ Jewellers IPO Registrar

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 Lead Manager

1. Bajaj Capital Limited
2. Elara Capital (India) Private Limited

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 Prospectus

Manoj Vaibhav Gems ‘N’ Jewellers IPO DRHP

Manoj Vaibhav Gems ‘N’ Jewellers IPO RHP

How to apply for the Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO?

Signature Global (India) Limited IPO