What is the issue size of Manoj Vaibhav Gems IPO?

The issue size of the Manoj Vaibhav Gems IPO is Rs 270.20 cr

What is 'pre-apply' for Manoj Vaibhav Gems IPO?

Pre-apply will alow you to apply for the Manoj Vaibhav Gems IPO 2 days before the subscription period starts.

If I pre-apply for Manoj Vaibhav Gems IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Manoj Vaibhav Gems IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Manoj Vaibhav Gems IPO order is placed?

We will notify you when yourManoj Vaibhav Gems IPO order is placed with the exchange.

What are the open and close dates of the for Manoj Vaibhav Gems IPO?

Manoj Vaibhav IPO will be open between 22 Sept - 26 Sept, 2023.

What is the lot size and minimum order quantity of the Manoj Vaibhav Gems IPO?

Manoj Vaibhav Gems Limited IPO lot size is 69 shares.

What are the allotment dates for the Manoj Vaibhav Gems IPO?

Manoj Vaibhav Gems IPO allotment date is 3 Oct, 2023. For Manoj Vaibhav Gems IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Manoj Vaibhav Gems IPO?

Manoj Vaibhav Gems IPO registrar is Bigshare Services Pvt Ltd. You can check Manoj Vaibhav Gems IPO allotment status on the website of the registrar.

Where is the Manoj Vaibhav Gems IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Manoj Vaibhav Gems IPO

Manoj Vaibhav Gems 'N' Jewellers Limited

₹14,076 /69 sharesMinimum Investment

Manoj Vaibhav Gems IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹215.00₹215.00₹0.00 (0.00%)
Manoj Vaibhav Gems IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
22 Sep ‘23 - 26 Sep ‘23₹14,07669₹204 - ₹215
Issue SizeIPO Doc
270.20CrRHP PDF
Subscription Status As on 26 Sep '23, 5:00 PMQualified Institutional Buyers
1.06x
Non-Institutional Investor
5.18x
Retail Individual Investor
1.66x
Employees
0.00x
Total
2.25x
About Manoj Vaibhav GemsManoj Vaibhav Gems is a regional jewelry brand situated in South India. With a foothold in the micro-markets of Andhra Pradesh and Telangana, the company operates 13 showrooms, inclusive of two franchisee establishments, spread across eight towns and two cities.
The company accounts for approximately 4% of the overall jewelry market in Andhra Pradesh and Telangana and a 10% share in the organized sector within these two states as of FY2023. The company’s primary focus lies in exploring high-growth, untapped regions within the micro-markets of Andhra Pradesh and Telangana. ;
Parent Organisation
Manoj Vaibhav Gems 'N' Jewellers Limited
Founded
1989
Managing Director
Bharata Mallika Ratna Kumari Grandhi
Strengths & Risks
Manoj Vaibhav Gems has a presence spanning nearly three decades, with a focus on the micro markets of Andhra Pradesh and Telangana. 
One of the company's strengths lies in its enduring relationships with suppliers and job workers, some of whom have been partners for over 15 years. 
Dedicated efforts have been invested in nurturing and promoting the company's brand over the years. This commitment has involved a range of promotional activities, marketing initiatives, collaborations with brand ambassadors, participation in exhibitions, and engagement in conferences to bolster brand recognition and reputation.
In alignment with its commitment to the local community, the company prioritizes hiring local talent. This strategic approach ensures a strong connection with the local public and community, preserving the essence of local sentiments at the point of sale.
The company has been the first movers in the organized jewelry business in Andhra Pradesh.
Ineffectively managing or expanding the retail network and operations and pursuing growth strategies may hinder the company's new showrooms from achieving expected profitability levels, potentially harming its business prospects.
High costs or non-availability of quality gold bullion, silver, diamonds, and other precious and semi-precious stones could adversely impact the company's financial condition
The company, its promoters, and its directors are involved in legal proceedings without provisions made for potential liabilities in financial statements. Adverse decisions in these proceedings could result in significant liabilities and penalties, impacting business and operational results.
The company faces competition from other jewelry retailers operating in a competitive market. Increased competition could negatively affect its business and financial condition.
Failure to effectively manage inventory could adversely affect net sales, profitability, cash flow, and liquidity.
The company experienced negative cash flow during certain fiscal years, indicating financial instability and potential difficulties in meeting financial obligations.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹204 - 215₹2 Lakh
High Networth Individual₹204 - 215₹2 - 5 Lakh
For Manoj Vaibhav Gems IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹215.00	₹215.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
22 Sep ‘23 - 26 Sep ‘23	₹14,076	69	₹204 - ₹215

Issue Size	IPO Doc
270.20Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹204 - 215	₹2 Lakh
High Networth Individual	₹204 - 215	₹2 - 5 Lakh

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