Manoj Vaibhav Gems 'N' Jewellers IPO, Review, IPO Performance by IPOPlatform India

About Manoj Vaibhav Gems 'N' Jewellers

Company Information

Vaibhav Jewellers is a prominent regional jewelry brand in South India, led by first-generation woman entrepreneur Mrs. Bharata Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keerthana (Source: Technopak Report). The company operates as a hyperlocal jewelry retail chain with a strong presence in the micro-markets of Andhra Pradesh and Telangana, featuring 13 showrooms (including two franchisee outlets) across 8 towns and 2 cities.
Vaibhav Jewellers holds a market share of approximately 5% in the overall Andhra Pradesh and Telangana jewelry markets and 14% of the organized market within these states as of FY 2021 (Source: Technopak Report). As an early entrant in the organized jewelry retail segment in Andhra Pradesh, the company continues to drive regional expansion into untapped high-growth micro-markets, promoting branded jewelry

Object of Issue

To Finance the Establishment of the proposed new showrooms
General Corporate Purposes

Manoj Vaibhav Gems 'N' Jewellers MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Oct, 2023

IPO Size :

270.20 Cr.

Market Cap :

1050.22 Cr.

IPO Subscription :

2.33 X

PE Multiple :

0.00

Merchant Banker :
Bajaj Capital Limited

IPO Registrar:
Bigshare Services Private Limited

FAQs

1. What is Manoj Vaibhav Gems 'N' Jewellers IPO?

Manoj Vaibhav Gems 'N' Jewellers operates in Jewellery and Jewellery Brand Having 13 Stores. The Issue is listed on MainBoard in Oct, 2023. Manoj Vaibhav Gems 'N' Jewellers IPO size was 270.20 Cr. with Issue price of 215.00 .

2. Who is the merchant banker of Manoj Vaibhav Gems 'N' Jewellers IPO?

Merchant Banker(s) of Manoj Vaibhav Gems 'N' Jewellers IPO: Bajaj Capital Limited , Elara Capital (India) Private Limited

3. How many times Manoj Vaibhav Gems 'N' Jewellers IPO was subscribed?

Manoj Vaibhav Gems 'N' Jewellers IPO subscription was 2.33 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Manoj Vaibhav Gems 'N' Jewellers IPO?

Manoj Vaibhav Gems 'N' Jewellers IPO listed at a listing price of 215.65 against the offer price of 215.00.

5. What is the current market price of Manoj Vaibhav Gems 'N' Jewellers IPO?

The current market price of Manoj Vaibhav Gems 'N' Jewellers is 275.20.