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IPO Status: Listed [22nd Sep 2023 to 26th Sep 2023]
Rated 3/5 by Team InvestorGain
Manoj Vaibhav Gems 'N' Jewellers Limited is launching an IPO at NSE and BSE platform. Fresh issue worth of Rs 210 Cr. and Offer for sale of 4,300,000 sheres. The subscription period for this IPO is Sept 22 to Sept 26. The face value each at Rs 10 per share and the issue price band for this mainline IPO is ranging from Rs 204 to Rs 215 per shere along with the minimum lot size of this IPO 69 sheres or its multiples.
Stay tuned for more information on Manoj Vaibhav Gems 'N' Jewellers Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 22nd Sep 2023 |
| IPO Issue Closing Date: | 26th Sep 2023 |
| IPO Issue Price: | ₹204.00-215.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹270.20 Cr |
| Offer for Sale: | ₹60.20 Cr |
| Fresh Issue: | ₹210.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 74.27% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543995 |
| NSE Code: | MVGJL |
Get important updates regarding Manoj Vaibhav GemsIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Sep 2023 |
| Refunds Initiation* | 29th Sep 2023 |
| Credit of Shares to Demat* | 29th Sep 2023 |
| IPO Listing Date* | 3rd Oct 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹204.00-215.00 |
| Market Lot: | 69 Shares |
| 1 Lot Amount: | ₹14835 |
| Min Small HNI Lots(2-10 Lakh): | 966 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4692 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2023 | 215.00 | 0 | -- | ₹215 (0%) | 3-Oct-2023 9:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Manoj Vaibhav Gems 'N' Jewellers Limited was established in March 1989. The company caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated brand showrooms and has a strong focus on the rural market and also a special focus on the urban areas. The company has positioned itself as a retailer that focuses on "relationships through design" and focuses on providing design, high quality, transparency and customer service to its customers. As part of its go-to-market strategy, the company engages its target audience at trade shows to understand customer tastes and preferences. Rural markets have a larger share of the retail jewellery market, and the inelastic demand for gold in rural areas offers great growth potential.
With over 28 years of presence in the markets in which they operate, they have built a strong reputation. Their Vaibhav Jewellers brand is a household name in Andhra Pradesh and Telangana with a loyal customer base. Each of their showrooms houses a diverse, exquisite and extensive range of gold, diamond, gemstone, platinum and silver jewellery and/or items.
The company's activities include targeted group discussions to educate customers, exhibitions to showcase new collections, attract walk-in customers and increase brand awareness, village campaigns to deepen customer contacts and spread awareness, and door-to-door activities for direct sales. The company also has a wedding division that has a database of the wedding ecosystem, based on which the company invites couples and their families to buy jewellery for the occasion. The company focuses heavily on these activities and has been successful in direct sales by attracting various customer groups, including high-end customers.
For online sales, the company has developed its own website, – www.vaibhavjewellers.com, in addition to other online marketplaces. The website is easy to navigate and user-friendly for online shopping, inquiries and live videos.
| Incorporation | Sector | IPO Issue Size | Website |
| 1989 | Gold jewellery and operates | ₹270.20 Cr | https://www.vaibhavjewellers.com/ |
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,513,488 (28.57%) | 1,885,116 (21.43%) | 4,398,605 (50%) | 8,797,209 | |
| 1 | 22nd Sep 2023 19:04 | 0.00x | 0.05x | 0.26x | 0.14x |
| 2 | 25th Sep 2023 19:04 | 0.34x | 0.59x | 0.77x | 0.61x |
| 3 | 26th Sep 2023 19:04 | 1.08x | 5.40x | 1.73x | 2.33x |
Past performance and financial results of Manoj Vaibhav Gems.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Jun 2023 |
| Assets | 818.62 | 803.10 | 899.53 | 1,077.86 | 1,082.82 |
| Revenue | 1,284.30 | 1,443.18 | 1,697.70 | 2,031.30 | 510.21 |
| Profit After Tax | 24.39 | 20.74 | 43.68 | 71.60 | 19.24 |
| Net Worth | 208.08 | 228.99 | 272.86 | 344.55 | 363.65 |
| Reserves and Surplus | 198.31 | 219.22 | 263.09 | 305.47 | 324.57 |
| Total Borrowing | 419.32 | 463.43 | 477.73 | 460.00 | 460.39 |
Last Updated on 04-Oct-2023 17:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Manoj Vaibhav Gems IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Manoj Vaibhav Gems IPO with Zerodha.
Alternate approch to apply in Manoj Vaibhav Gems IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Manoj Vaibhav Gems IPO Review and Important Updates
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To subscribe or apply in Manoj Vaibhav Gems IPO, you can use the following methods:
| Manoj Vaibhav Gems IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Manoj Vaibhav Gems IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Manoj Vaibhav Gems IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Manoj Vaibhav Gems IPO. Most of the Syndicate Banks provide access to apply in Manoj Vaibhav Gems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Manoj Vaibhav Gems IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Manoj Vaibhav Gems IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Manoj Vaibhav Gems IPO Review and Important Updates
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Applying in Manoj Vaibhav Gems IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Manoj Vaibhav Gems IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Manoj Vaibhav Gems IPO, please refer article >> Link
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Steps to download the online application form for Manoj Vaibhav Gems IPO
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Manoj Vaibhav Gems IPO is going to be list on 03-10-2023. NSE Code for Manoj Vaibhav Gems is MVGJL. BSE Code for Manoj Vaibhav Gems is 543995.
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Manoj Vaibhav Gems IPO Allotment Date is 27-09-2023.
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