Last updated on October 4, 2023
Manoj Vaibhav Gems IPO Description – Incorporated in 2003, Manoj Vaibhav Gems ‘N’ Jewellers – also known as Vaibhav Jewellers – is a regional jewelry brand in South India. The company offers gold, gems, platinum, silver, diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website.
Manoj Vaibhav Gems caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through the dedicated branded showrooms and have a strong rural market focus and a dedicated urban focus. The company is a hyperlocal jewelry retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities.
In FY 2022, the revenue from operations was INR 1,693.92 crores. The revenues have grown at a CAGR of 15.08% from FY 2020 till FY 2022. The revenue per retail showroom for FY 2022 was INR 141.16 crore and EBITDA per retail showroom was INR 8.75 crore.
Promoters of Manoj Vaibhav Gems – Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi and Grandhi Sai Keerthana
Manoj Vaibhav Gems IPO Details
| Manoj Vaibhav Gems IPO Dates | 22 – 26 September 2023 |
| Manoj Vaibhav Gems IPO Price | INR 204 – 215 per share |
| Fresh issue | 9,767,442 shares (INR 199.26 – 210 crores) |
| Offer For Sale | 2,800,000 shares (INR 57.12 – 60.20 crores) |
| Total IPO size | 12,567,442 shares (INR 267.12 – 270.20 crore) |
| Minimum bid (lot size) | 69 shares (INR 14,835) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Manoj Vaibhav Gems Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 1,279.13 | 1,433.57 | 1,693.92 |
| Expenses | 1,251.03 | 1,404.12 | 1,639.29 |
| Net income | 24.19 | 20.91 | 43.87 |
| Margin (%) | 1.89 | 1.46 | 2.60 |
Manoj Vaibhav Gems Offer News
- Manoj Vaibhav Gems RHP
- Manoj Vaibhav Gems DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Manoj Vaibhav Gems Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.31 | 11.18 | 18.32 |
| PE ratio | – | – | 11.14 – 11.74 |
| RONW (%) | 9.06 | 16.01 | 20.78 |
| NAV | – | 69.82 | 88.17 |
| ROCE (%) | 10.54 | 13.77 | 17.71 |
| EBITDA (%) | 4.85 | 6.20 | 7.06 |
| Debt/Equity | 2.02 | 1.75 | 1.34 |
Manoj Vaibhav Gems IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 2 October 2023 | 12 | 550 | – |
| 30 September 2023 | 12 | 500 | – |
| 29 September 2023 | 12 | 500 | – |
| 28 September 2023 | 12 | 500 | – |
| 27 September 2023 | 12 | 500 | – |
| 26 September 2023 | 10 | – | – |
Manoj Vaibhav Gems IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 25,73,605 | 19,64,118 | 45,82,941 | 91,20,664 |
| 26 Sep 2023 | 1.06 | 5.18 | 1.66 | 2.25 |
| 25 Sep 2023 | 0.33 | 0.57 | 0.73 | 0.58 |
| 22 Sep 2023 | 0.00 | 0.05 | 0.25 | 0.14 |
Manoj Vaibhav Gems IPO Allotment Status
Manoj Vaibhav Gems IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Manoj Vaibhav Gems IPO Dates & Listing Performance
| Manoj Vaibhav Gems IPO Opening Date | 22 September 2023 |
| Manoj Vaibhav Gems IPO Closing Date | 26 September 2023 |
| Finalization of Basis of Allotment | 27 September 2023 |
| Initiation of refunds | 29 September 2023 |
| Transfer of shares to demat accounts | 29 September 2023 |
| Manoj Vaibhav Gems IPO Listing Date | 3 October 2023 |
| Opening Price on NSE | INR 215 per share (no change) |
| Closing Price on NSE | INR 215.5 per share (up 0.2%) |
Manoj Vaibhav Gems IPO Reviews – Subscribe or Avoid?
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Manoj Vaibhav Gems Offer Lead Manager
ELARA CAPITAL (INDIA) PRIVATE LIMITED
One International Center. – Tower 3, 21st Floor,
Senapati Bapat Marg, Elphinstone Road West, Mumbai · 400013
Tel. No.:Â +91 22 61648599
Email: [email protected]
Website:Â www.elaracapital.com
Manoj Vaibhav Gems Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Manoj Vaibhav Gems Contact Details
MANOJ VAIBHAV GEMS ‘N’ JEWELLERS LIMITED
D. No. 47-10-19, 2nd Lane, Dwarakanagar,
Visakhapatnam, Andhra Pradesh – 530 016
Phone:Â +(91) 089 1663 6666
Email:Â [email protected]
Website: www.vaibhavjewellers.com
Manoj Vaibhav Gems IPO FAQs
How many shares in Manoj Vaibhav Gems IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Manoj Vaibhav Gems Public Offer?
The best way to apply in Manoj Vaibhav Gems public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Manoj Vaibhav Gems IPO GMP today?
Manoj Vaibhav Gems IPO GMP today is INR 12 per share.
What is Manoj Vaibhav Gems kostak rate today?
Manoj Vaibhav Gems kostak rate today is INR 550 per application.
What is Manoj Vaibhav Gems Subject to Sauda rate today?
Manoj Vaibhav Gems Subject to Sauda rate today is INR NA per application.
