Manoj Vaibhav Gems 'N' Jewellers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,283,719 (50%) | — | ₹13,510 Cr |
| NII (HNI) | — | 1,885,117 (15%) | — | ₹4,053 Cr |
| Retail | — | 4,398,605 (35%) | — | ₹9,457 Cr |
| Σ Total | — | 12,567,441 (100%) | — | ₹270,200 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| S-HNI (Min) | 14 | 966 | ₹207,690 |
| B-HNI (Min) | 67 | 4,623 | ₹993,945 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,284 | 1,443 | 1,698 |
| Profit After Tax | 24 | 21 | 44 |
| Net Worth | 208 | 229 | 273 |
| Total Assets | 819 | 803 | 900 |
| Reserves & Surplus | 198 | 219 | 263 |
| Total Borrowing | 419 | 463 | 478 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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, –
- General corporate purposes. –
Company Overview
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.