Get Manoj Vaibhav Gems IPO GMP Today, Manoj Vaibhav Gems N Jwellers IPO GMP Date, Manoj Jwellers IPO Price, Allotment Date, and Listing Price from here. The Manoj Vaibhav Gems N Jewellers GMP IPO is opening on 22nd September. Investments in this public issue can be made till 26 September 2023. Anchor investors will be able to invest money in this public issue from September 21. The company has fixed the price band of Rs 204 to Rs 215 for a share of face value Rs 10.
Manoj Vaibhav Gems IPO GMP Today
The Manoj Vaibhav Gems IPO GMP of South India’s famous jeweller Manoj Vaibhav Gems ‘N’ Limited will be a hit in the stock market next week. Its issue is opening on coming Friday i.e. 22nd September. Bidding can be done till 26th September. The face value of one share of the company is Rs 10. For this, the price range of Rs 204 to Rs 215 has been fixed.
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Manoj Vaibhav Gems IPO GMP Today
Purvashare IPO Allotment Status of IPO
Fresh equity shares worth Rs 210 crore will be issued in this Manoj Vaibhav Gems IPO of Andhra Pradesh based company Manoj Vaibhav Gems N Jewellers. Also, 28 lakh shares will be sold by promoter Grandhi Bharat Mallika Ratna Kumari (HUF) through Offer-for-Sale (OFS). In this, common investors will be able to invest money from 22 September to 26 September 2023 while anchor investors will invest money on 21 September.
Manoj Vaibhav Gems IPO GMP Today Overview
|Post Title||Manoj Vaibhav Gems IPO GMP Today|
|IPO Open Date||22 September 2023|
|IPO End Date||26 September 2023|
|Allotment Date||3 October 2023|
|Share Listing Date||6 October 2023|
Manoj Vaibhav Jwellers Gems IPO GMP Objective
The proceeds from the fresh equity shares under the Manoj Vaibhav Gems N IPO GMP will be used primarily for setting up 8 new showrooms proposed in FY 2023-24 and FY 2024-25. It is estimated that Rs 172 crore will be spent on these showrooms. After this, the remaining money from the fresh issue will be used for general corporate purposes.
Manoj Vaibhav Gems n Jewelers Ltd
Vaibhav Jewelers Gems N Private Ltd is a leading regional jewelry brand in South India. It has maximum branches in Andhra Pradesh and Telangana. Presently the reins of this brand are with Bharat Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keertana. The company’s net profit grew at a CAGR of 85.81 percent to Rs 71.6 crore in FY 2022-23. The brand’s EBITDA during the said period grew to Rs 143 crore, registering a CAGR growth of 43.42 percent, while margin expansion increased from 4.85 percent in FY 2020-21 to 7.06 percent in FY 2022-23.
Vaibhav Global IPO Price
The lot size of 69 shares has been fixed for Manoj Vaibhav Gems IPO. In this way, to bet on this IPO you will need Rs 14,835. Retail investors can bid for a maximum of 13 lots in the IPO. Under this issue, 50 percent shares have been reserved for Qualified Institutional Buyers (QIB), while 15 percent shares have been reserved for NII and 35 percent shares have been reserved for retail investors.
Manoj Vaibhav Gems IPO can be subscribed between 22-26 September. The allotment of shares of the company is expected to be completed by October 3, 2023. Shares of the company can be deposited in the demat account of successful bidders by October 5, 2023, listing of the company’s shares can happen on October 6, 2023.
Manoj Vaibhav IPO GMP Details
- Manoj Jwellers IPO Start From 22nd to 26th September
- Price Band: Rs 204 to Rs 215 per share
- Lot Size: 69 shares
- Issue size: Rs 270.20 crore
- Minimum investment: Rs 14,835
Vaibhav Jewelers is a leading regional jewelry brand in South India. It has maximum branches in Andhra Pradesh and Telangana. Presently the reins of this brand are with Bharat Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keertana. The hyperlocal jewelery retail chain has recorded 18.92 per cent CAGR growth in revenue from operations during FY 2020-21 to FY 2022-23 to Rs 2,027.34 crore in FY 2022-23.
Manoj Vaibhav Gems IPO Listing Date
Bajaj Capital and Elara Capital (India) are the merchant bankers for Vaibhav Jewelers’ IPO, while BigShare Services is the registrar for the offer. The brand is going to finalize the basis of allotment of IPO shares by October 3 in consultation with BSE and will credit the equity shares in the demat accounts of successful investors by October 5. Refunds will be deposited in the bank accounts of unsuccessful investors by October 4. The listing of the brand’s equity shares on BSE and NSE will take place on October 6.
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FAQs related to Manoj Vaibhav Gems IPO GMP Today
What is Manoj Vaibhav IPO GMP Today price?
Manoj Vaibhav IPO GMP Today price is Starts from Rs 204 to 215.
Who is founder of Vaibhav Jwellers?
Grandhi Manoj Kumar is the founder of Vaibhav Jwellers.