Bajaj Capital Limited
Elara Capital (India) Private Limited
Manoj Vaibhav Gems ‘N’ Jewellers IPO is a book built issue of Rs 270.20 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to Rs 210.00 crores and offer for sale of 0.28 crore shares aggregating to Rs 60.20 crores.
Manoj Vaibhav Gems ‘N’ Jewellers IPO opens for subscription on September 22, 2023 and closes on September 26, 2023. The allotment for the Manoj Vaibhav Gems ‘N’ Jewellers IPO is expected to be finalized on Tuesday, October 3, 2023. Manoj Vaibhav Gems ‘N’ Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Friday, October 6, 2023.
Manoj Vaibhav Gems ‘N’ Jewellers IPO price band is set at ₹204 to ₹215 per share. The minimum lot size for an application is 69 Shares. The minimum amount of investment required by retail investors is ₹14,835. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹207,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹1,008,780.
Bajaj Capital Limited and Elara Capital (India) Private Limited are the book running lead managers of the Manoj Vaibhav Gems ‘N’ Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Manoj Vaibhav Gems ‘N’ Jewellers IPO RHP for detailed information.
For year/ period ended ( in Cr.)
|Profit After Tax||71.6||43.8||20.9|
The company is a south-centric retailer in jewellery segment and has 13 stores as of now. It has planned to add 8 more stores. With target customers from Tier-2 and Tier-3 regions, the company hopes to maintain the tempo of growth. Based on annualized FY24 earnings, the issue appears fully priced.
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