Manoj Vaibhav Gems 'N' Jewellers Limited IPO

Price
₹204 - ₹215
Lot
69
Subs.
2.33
Expected Listing Earning

Exp. Premium(GMP):
3.12(1.45%)
IPO Details

Open Date: 22-Sep-2023
Close Date: 26-Sep-2023
Allotment Date: 28-Sep-2023
Listing Date: 03-Oct-2023
Listing Price: ₹340.35/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹204-215 Per Equity Share
Issue Size: Total Issue Size 12,567,442 shares (aggregating up to ₹270.20 Cr) : Fresh Issue 9,767,442 shares (aggregating up to ₹210.00 Cr) : Offer for Sale 2,800,000 shares of ₹10 (aggregating up to ₹60.20 Cr)
Market Lot (Min Amount): Retail - ₹14,835 : S-HNI - ₹207,690 : B-HNI - ₹1,008,780
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved2,513,488 1,885,1164,398,6058,797,209
Day 1 - 22-09-23 
05:00 PM
0.00x0.05x0.26x0.14x
Day 2 - 25-09-23 
05:00 PM
0.34x0.59x0.77x0.61x
Day 3 - 26-09-23 
05:00 PM
1.08x5.40x1.73x2.33x
Total No. of Application:99,900 (Approx.)
Retail Subscription on the basis of Apps:1.57x
Valuations

Earning Per Share(EPS)18.32/-
P/E Ratio11.74
RoNW20.78%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20231,077.862,031.3071.60
31 Mar,2022899.531,697.7043.68
31 Mar,2021803.101,443.1820.74
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding74.27%
Company Promoter(s)
1. Grandhi Bharata Mallika Ratna Kumari (HUF)
2. Bharata Mallika Ratna Kumari Grandhi
3. Grandhi Sai Keerthana
Issue Objective(s)

The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:

  1. To Finance the Establishment of the proposed 8 new showrooms, i.e.
    (a) Capital expenditure cost for the proposed eight (8) new showrooms,
    (b) Inventory cost for the proposed eight (8) new showrooms,
  2. General corporate purposes.
About Company

Incorporated in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India.

The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website

Vaibhav Jewellers' cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on 'Relationships, by Design' where it focuses on offering designs, high quality, transparency, and customer service to its customers.

The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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