Published : September 21, 2023
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:
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.
The Net Proceeds from the Fresh Issue will be allocated for the following purposes:
The subscription for the IPO will be open from September 22nd and will close on September 26th.
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
The price band for the Manoj Vaibhav Gems ‘N’ Jewellers IPO has been set at ₹204 to ₹215 per share.
| IPO Price | ₹204 to ₹215 per share |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| Market Lot | 69 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 12,567,442 shares (aggregating up to ₹270.20 Cr) |
Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi, and Grandhi Sai Keerthana are the promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.27% |
| 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 |
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 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/
How to apply for the Manoj Vaibhav Gems ‘N’ Jewellers Limited IPO?
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