Manoj Vaibhav Gems ‘N’ Jewellers IPO: A Glittering Investment Opportunity

Are you ready to step into the world of glittering gems and timeless jewelry? Manoj Vaibhav Gems ‘N’ Jewellers Limited, also known as Vaibhav Jewellers, is all set to make its mark in the stock market with its Initial Public Offering (IPO). Let’s dive into the details of this exciting investment opportunity.

IPO Overview

Manoj Vaibhav Gems ‘N’ Jewellers IPO is a book-built issue with a total value of Rs 270.20 crores. This offering comprises a fresh issue of 0.98 crore shares, amounting to Rs 210.00 crores, and an offer for sale of 0.28 crore shares, totaling Rs 60.20 crores.

Subscription Dates

The IPO opens for subscription on September 22, 2023, and closes on September 26, 2023. Investors have a limited window to get on board with this sparkling opportunity.

Allotment and Listing

The allotment for the Manoj Vaibhav Gems ‘N’ Jewellers IPO is expected to be finalized on Tuesday, October 3, 2023. The company’s shares are set to list on both BSE and NSE, with a tentative listing date scheduled for Friday, October 6, 2023.

Price Band and Lot Size

The IPO price band is set at ₹204 to ₹215 per share. For retail investors, the minimum lot size for an application is 69 shares, requiring a minimum investment of ₹14,835. Strategic Non-Institutional Investors (sNII) need to invest in a minimum of 14 lots (966 shares), amounting to ₹207,690, while big Non-Institutional Investors (bNII) must opt for 68 lots (4,692 shares), which amounts to ₹1,008,780.

Lead Managers and Registrar

Bajaj Capital Limited and Elara Capital (India) Private Limited are the book-running lead managers of the Manoj Vaibhav Gems ‘N’ Jewellers IPO. Bigshare Services Pvt Ltd will serve as the registrar for the issue.

Promoters

The driving force behind Vaibhav Jewellers includes Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi, and Grandhi Sai Keerthana. These individuals are the company’s promoters, dedicated to taking the brand to new heights.

About Vaibhav Jewellers

Established in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited, operating as Vaibhav Jewellers, is a prominent regional jewelry brand in South India. The company offers a wide range of jewelry, including gold, silver, and diamond pieces, precious gemstones, and other exquisite jewelry products, both through its retail showrooms and website.

Vaibhav Jewellers caters to diverse economic segments in the micro markets of Andhra Pradesh and Telangana, focusing on both rural and urban areas. The company’s mission centers around “Relationships, by Design,” prioritizing unique designs, exceptional quality, transparency, and outstanding customer service.

With 13 showrooms, including two franchisee outlets, across 8 towns and 2 cities in Andhra Pradesh & Telangana, Vaibhav Jewellers has solidified its presence in the region.

Key Performance Indicator

As of now, Manoj Vaibhav Gems ‘N’ Jewellers IPO boasts a market capitalization of Rs 1050.22 Crores, with a Price-to-Earnings (P/E) ratio of 11.47, indicating a promising investment prospect.

Investors, get ready to add a touch of sparkle to your portfolio with Manoj Vaibhav Gems ‘N’ Jewellers IPO. This esteemed jewelry brand’s foray into the stock market is a testament to its growth potential and commitment to delivering value to its stakeholders. Don’t miss out on this golden opportunity!