The India’s leading regional jewellery brand company Manoj Vaibhav Gems ‘N’ Jewellers IPO will be hit the market 22 September 2023 and closes on 26 September 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹270.20 crore through IPO. The company will issue fresh shares of ₹210 crores through this IPO and will issue shares through offer for sale of 43,00,000 shares.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Manoj Vaibhav Gems ‘N’ Jewellers, are a leading regional jewellery brand in South India. The company are a hyperlocal jewellery retail chain with presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. We have a market share of ~5% of the overall Andhra Pradesh and Telangana jewellery market and ~14% of the organised market in these two states in FY2021.
The company sell a wide range of gold, silver, diamond jewellery and precious gemstones and other jewellery products with wide collection of designs to meet the needs of all types of customers on all occasions throughout the year including festivals, weddings, special days such as Akshaya Tritiya and all other festive occasions. You can check Manoj Vaibhav Gems ‘N’ Jewellers IPO GMP here.
The company one of the earlier entrants in the organised jewellery retail market of Andhra Pradesh and continue to focus on regional expansion into the high growth untapped regions within the micro-markets of Andhra Pradesh & Telangana.
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The company started our jewellery business as a proprietorship concern in the year 1994 from our first retail showroom in Vishakapatnam. In 2007, and launched V Square, our flagship showroom, which is one of the largest in Visakhapatnam with 29,946 sq.ft jewellery retail space and is one of India’s largest ISO certified jewellery showroom.
The company are expanding our presence in Andhra Pradesh and Telangana. The company have consciously expanded our presence into the micro-markets periodically adding new retail showrooms in Tier 2 and Tier 3 cities.
The company total retail showrooms have increased from 3 showrooms as of March 31, 2015 to 13 showrooms (inclusive of two franchisee showrooms) as of August 15, 2022. You can check Manoj Vaibhav Gems IPO subscription status here.
Object Of the Issue :
- To Finance Establishment of proposed 8 new showrooms
- General corporate purposes
Company Strengths :
- Key leading home-grown regional brand built on hyperlocal retail strategy.
- Early mover advantage in the state of Andhra Pradesh.
- Our focus of fortifying our business through Rural Market focus.
- The company operating ethos of ‘Relationships, by Design’ we offer diverse product designs at varied price range to customers across budget.
- Our key business enabler thereby providing wider market reach; deep customer connect and have enabled us to build a loyal customer base.
- Experienced promoter and professional senior management team enabling seamless strategy implementation and business operations.
- Employees and Customers are our real Brand Ambassadors.
- Ability to define operating parameters and internal control measures that enables us to perform as well as grow business across the micro market of Andhra Pradesh and Telangana and also other jurisdictions through our e-commerce platform.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹71.60 Cr ₹215 Per Shares 18.32 27.37x 23.19 % 20.78 % 17.71 % 1.34 ₹69.82 ₹1082.82 Cr ₹1050.22 Cr 100.00 % 74.27 % |
| Team Review : | ✔ Apply For Long Term |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Date & Price Band & Details :
| IPO Open : | 22 September 2023 |
| IPO Close : | 26 September 2022 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹204 – ₹215 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹270.20. Cr {12,567,442 Shares} |
| Fresh Issue : | ₹210.00 Cr {9,767,442 Shares} |
| Offer For Sale : | ₹60.20 Cr {28,00,000 Shares} |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Market Lot :
Vaibhav Jewellers IPO Minimum Market lot is 1 Lot with 69 shares with ₹14,835 Application amount. The retail investors can apply up to 13 lots with 897 Shares or ₹192,855 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 69 | ₹14,835 |
| Retail Maximum : | 13 | 897 | ₹192,855 |
| S-HNI Minimum : | 14 | 966 | ₹207,690 |
| S-HNI Maximum : | 67 | 4,623 | ₹993,945 |
| B- HNI Minimum : | 68 | 4,692 | ₹1,008,780 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Shares Offer :
A Total of 12,567,442 shares are to be bid for the public issue by Manoj Vaibhav Gems ‘N’ Jewellers IPO with 9,767,442 for Fresh issue and 2,800,000 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 9,767,442 | ₹210.00 Cr |
| Offer For Sale : | 2,800,000 | ₹60.20 Cr |
| Total : | 12,567,442 | ₹270.20 Cr |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Reservation :
Manoj Vaibhav Gems ‘N’ Jewellers IPO Total Reservation of 12,567,442 shares are to be bid for the public issue by Manoj Vaibhav Gems ‘N’ Jewellers IPO with 6283721 for QIB and 1885116 for NII 4398605 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 6283721 | ₹135.10 Cr |
| NII : | 15% | 1885116 | ₹40.53Cr |
| RII : | 35% | 4398605 | ₹94.57 Cr |
| Total : | 100% | 12,567,442 | ₹270.20 Cr |
Manoj Vaibhav Gems ‘N’ Jewellers IPO EPS & RoNW :
The Manoj Vaibhav Gems ‘N’ Jewellers company’s EPS growth & RoNW an Increasing last year, which is shown to you in the table here.
| Year | EPS | RoNW | NAV |
|---|---|---|---|
| 2022 | ₹11.18 | 16.01% | ₹69.82 |
| 2021 | ₹5.31 | 9.06% | ₹58.59 |
| 2020 | ₹6.24 | 11.72% | ₹53.24 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Peer Comparison PE :
The Manoj Vaibhav Gems ‘N’ Jewellers, According to DRHP of the company some company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Titan Company Ltd | 106.68 |
| 2. | Thangamayil Jewellery | 40.03 |
| 3. | Kalyan Jewellers India Ltd | 38.90 |
| 4. | Tribhovandas Bhimji Zaveri Limited | 24.83 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Dates :
Manoj Vaibhav Gems ‘N’ Jewellers IPO Date is 22 september 2023 and closes on 26 September 2023. The allotment will be finalized on 29 September 2023 and the IPO may list on 05 October 2023.
| Anchor Date : | 21 September 2023 |
| Open Date : | 22 September 2023 |
| Close Date : | 26 September 2023 |
| Allotment Date : | 29 September 2023 |
| Refund Date : | 03 October 2023 |
| Share Credit Date : | 04 October 2023 |
| Listing Date : | 05 October 2023 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Form :
There are two ways to apply in Vaibhav Jewellers IPO. You can apply for Vaibhav Jewellers IPO through ASBA available in your bank account. You have to go to your online bank login and select Vaibhav Jewellers IPO in the Invest section and apply through your bank account. Another option is you can apply for Vaibhav Jewellers IPO through IPO form download through NSE and BSE. See the Vaibhav Jewellers IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Manoj Vaibhav Gems ‘N’ Jewellers Company Financial Report (Crores) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹2,031.30 | ₹1,935.47 | ₹71.60 |
| 2022 | ₹1,697.70 | ₹1,639.29 | ₹43.68 |
| 2021 | ₹1,443.18 | ₹1,404.11 | ₹20.74 |
Company Promoters :
■ Bharata Mallika Ratna Kumari
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Manoj Vaibhav Gems ‘N’ Jewellers IPO Lead Managers :
■ Bajaj Capital Limited
■ Elara Capital (India) Private Limited
Manoj Vaibhav Gems ‘N’ Jewellers IPO Registrar :
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India
Tel: +91 22 6263 8200; Facsimile: +91 22 6263 8280
Email: [email protected]
Investor grievance email: [email protected]
Website: www.bigshareonline.com
Note: Check Vaibhav Jewellers IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Manoj Vaibhav Gems ‘N’ Jewellers Limited
47-15-8, V Square, Zone-A, Opp:
TSR Complex, Station Road,
Dwarakanagar, Visakhapatnam – 530016,
Andhra Pradesh, India.
Tel: + (91) 089 1663 7777
E-mail: [email protected]
Website: www.vaibhavjewellers.com
Vaibhav Jewellers IPO FAQs :
What is Vaibhav Jewellers IPO?
Vaibhav Jewellers IPO is Mainboard IPO. They are going to raise ₹270.20 Crores via IPO. The issue is priced at ₹204-₹215 per equity share. The IPO is to be listed on NSE, BSE.
When Vaibhav Jewellers IPO will open?
The IPO is to open on 22 Sep – 26 Sep for QIB, NII & RII.
What is Vaibhav Jewellers IPO Size?
Vaibhav Jewellers IPO size is ₹270.20 Crores.
What is the Fresh issue size of Vaibhav Jewellers IPO?
The Fresh issue size of Vaibhav Jewellers IPO ₹210.00 Cr.
What is the Offer For Sale size of Vaibhav Jewellers IPO?
The Offer For Sale size of Vaibhav Jewellers IPO ₹60.20 Cr.
What is Vaibhav Jewellers IPO Price Band?
Vaibhav Jewellers IPO Price Band is ₹204-₹215 Per share.
What is Vaibhav Jewellers IPO Minimum and Maximum Lot Size?
The minimum 69 Shares with ₹14,835 amount while the maximum 897 shares with ₹192,855.
What is Vaibhav Jewellers IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Vaibhav Jewellers IPO Allotment Date?
Vaibhav Jewellers IPO allotment date is 29 September 2023.
What is Vaibhav Jewellers IPO Listing Date?
Vaibhav Jewellers IPO listing date is 05 October 2023. The IPO to list on NSE, BSE.
How to Apply the Vaibhav Jewellers IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Vaibhav Jewellers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vaibhav Jewellers IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Vaibhav Jewellers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vaibhav Jewellers IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Vaibhav Jewellers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vaibhav Jewellers IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Vaibhav Jewellers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Vaibhav Jewellers IPO GMP: Click Here Vaibhav Jewellers IPO Subscription: Click Here Vaibhav Jewellers IPO Allotment: Click Here Vaibhav Jewellers IPO Listing: Click Here |
All Vaibhav Jewellers IPO-related links are available here. If you want to know the details then click on Click Here Link.
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