Manoj Vaibhav Gems ‘N’ Jewellers Limited

Company Profile
Company Name Manoj Vaibhav Gems ‘N’ Jewellers Limited
Open Date 22-09-2023
Close Date 26-09-2023
Exchange BSE, NSE
Lot Size 69 Shares
Issue Price ₹204 to ₹215 per share
Issue Size 1,25,67,442 Equity Shares
Application Amount Min. Inv. - ₹ 14,835 (69 shares) Max. Inv. - ₹ 1,92,855 (897 shares)
Recommendation Apply

Manoj Vaibhav Gems ‘N’ Jewellers Limited was originally incorporated in the year 2003 and has its registered office in Andra Pradesh. The Company is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana.The Company offers gold, silver, and diamond jewellery, precious gemstones, and other jewellery products. As of 15th August 2023, the Company has 895 employees on its payroll.

(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 80,310.00 89,953.30 1,07,785.80
Net Assets 22,898.60 27,285.90 34,455.00
Total Borrowings 46,343.40 47,773.50 46,000.30
Total Revenue 1,44,317.80 1,69,769.90 2,03,130.40
Profit After Tax 2,073,70 4,367.90 7,159.70

Tentative Timeline

Opening Date 22/09/2023
Closing Date 26-09-2023
Basis of Allotment 03-10-2023
Initiation of Refunds 04-10-2023
Credit of Shares to Demat 05-10-2023
Listing Date 06-10-2023

Objects of the Issue

Capital Expenditure cost and Inventory cost for the proposed 8 new showrooms.
General Corporate Purpose.

Contact Information

Registered Office 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer
Retail Shares Offered Not less than 35.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 74.27%

Contact Us to Enable Your Success!