Manoj Vaibhav Gems IPO Date, Review, Price, Allotment, Analysis

Manoj Vaibhav Gems 'N' Jewellers IPO Details: Manoj Vaibhav Gems IPO date is fixed, the IPO is to hit the market on September 22 and will close on September 26. Manoj Vaibhav Gems IPO to raise around ₹270 crores via IPO that comprises fresh issue of ₹210 crores and offer for sale up to 4,300,000 equity shares ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Manoj Vaibhav Gems IPO

Table of Contents

Vaibhav Jewellers, is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur Mrs. Bharata Mallika Ratna Kumari Grandhi along with her daughter Grandhi Sai Keerthana. They are a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. They have a market share of 5% of the overall Andhra Pradesh and Telangana jewellery market and 14% of the organized market in these two states in FY2021. They were one of the earlier entrants in the organized jewellery retail market of Andhra Pradesh and continue to focus on regional expansion into the high-growth untapped regions within the micro-markets of Andhra Pradesh & Telangana thereby creating a market for branded jewellery in the area of our operations.


Manoj Vaibhav Gems cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through our dedicated branded showrooms and have a strong rural market focus and a dedicated urban focus. They have positioned themselves as a retailer focussed on ‘Relationships, by Design’ where they focus on offering designs, high quality, transparency, and customer service to our customers. They connect with target groups through exhibitions to understand the taste and preferences of the customers through our “Go to Marketing Strategy”. They follow a hub & spoke model with small-sized showrooms operating peripheral to the larger showrooms. This allows them to offer new products to semi-urban and rural customers continuously and capture a share of that market. The rural market in the states of Andhra Pradesh and Telangana contributed 52-55% of the total jewellery market in FY 2021 in these two states.

They procure jewellery on an outright basis from our list of suppliers as well as they supply bullion to job workers for creating varied designs of jewellery as per their
specifications. They sell a wide range of gold, silver, diamond jewellery precious gemstones, and other jewellery products with a wide collection of designs to meet the needs of all types of customers on all occasions throughout the year including festivals, weddings, special days such as Akshaya Tritiya and all other festive occasions.


Objects of the Issue

  • To Finance the Establishment of the proposed 8 new showrooms
  • Capital expenditure cost for the proposed eight (8) new showrooms
  • Inventory cost for the proposed eight (8) new showrooms
  • General corporate purposes.

Manoj Vaibhav Gems IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • BP Equities (BP Wealth) – Apply
  • Sushil Finance – Neutral

Manoj Vaibhav Gems ‘N’ Jewellers IPO Date & Price Band Details

IPO Open:September 22, 2023
IPO Close:September 26, 2023
IPO Size:Approx ₹270 Crores
Fresh Issue:Approx ₹210 Crores
Offer for Sale:Approx 2,800,000 shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹204 to ₹215 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Manoj Vaibhav Gems IPO Market Lot

The Manoj Vaibhav Gems IPO minimum market lot is 69 shares with ₹14,835 application amount. The retail investors can apply up-to 13 lots with 897 shares or ₹192,855 amount.

ApplicationLot SizeSharesAmount
Retail Minimum169₹14,835
Retail Maximum13897₹192,855
S-HNI Minimum14966₹207,690
B-HNI Minimum684692₹1,008,780

Manoj Vaibhav Gems IPO Allotment & Listing Dates

The Manoj Vaibhav Gems IPO date is September 22 and the close date is September 26. The Manoj Vaibhav Gems IPO allotment will be finalized on September 27 and the IPO listing on October 3.

Anchor Investors Allotment:September 21, 2023
IPO Open Date:September 22, 2023
IPO Close Date:September 26, 2023
Basis of Allotment:September 27, 2023
Refunds:September 29, 2023
Credit to Demat Account:September 29, 2023
IPO Listing Date:October 3, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Manoj Vaibhav Gems IPO Form

How to apply for the Manoj Vaibhav Gems IPO? You can apply for Manoj Vaibhav Gems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Manoj Vaibhav Gems IPO in the Invest section. The other option is you can apply for Manoj Vaibhav Gems IPO via IPO forms downloaded via NSE and BSE. Check out the Manoj Vaibhav Gems forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Manoj Vaibhav Gems Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹1443₹1404₹20.74
2022₹1698₹1639₹46.68
2023₹2031₹1936₹71.60

Manoj Vaibhav Gems IPO Valuation – FY2023

Check Manoj Vaibhav Gems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹4.92 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):5.29%
Net Asset Value (NAV):₹88.17 per Equity Share

Peer Group

  • Titan Company Ltd
  • Thangamayil Jewellery
  • Kalyan Jewellers India Ltd
  • Tribhovandas Bhimji Zaveri Limited
  • Manoj VaibhavGems ‘N’ Jewellers Ltd

Company Promoters

  • Grandhi Bharata Mallika Ratna Kumari (HUF)
  • Bharata Mallika Ratna Kumari Grandhi
  • Grandhi Sai Keerthana

Manoj Vaibhav Gems IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/

Manoj Vaibhav Gems IPO Allotment Status Check

Check Manoj Vaibhav Gems IPO allotment status on Bigshare website allotment URL. Click Here

Manoj Vaibhav Gems IPO Lead Managers aka Merchant Bankers

  • Bajaj Capital Limited
  • Elara Capital (India) Private Limited

Company Address

Manoj Vaibhav Gems ‘N’ Jewellers Limited
47-15-8, V Square, Zone-A, Opp: TSR Complex,
Station Road, Dwarakanagar,
Visakhapatnam – 530016
Phone: + (91) 89 1663 7777
Email: [email protected]
Website: https://www.vaibhavjewellers.com/

Manoj Vaibhav Gems IPO FAQs

What is Manoj Vaibhav Gems IPO?

Manoj Vaibhav Gems IPO is a main-board IPO. They are going to raise ₹270 Crores via IPO. The issue is priced at ₹204 to ₹215 pr equity share. The IPO is to be listed on BSE & NSE.

When Manoj Vaibhav Gems IPO will open?

The IPO is to open on September 22, 2023 for QIB, NII, and Retail Investors.

What is Manoj Vaibhav Gems IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Manoj Vaibhav Gems IPO?

You can apply for Manoj Vaibhav Gems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Manoj Vaibhav Gems IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Manoj Vaibhav Gems IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Manoj Vaibhav Gems IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Manoj Vaibhav Gems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Manoj Vaibhav Gems IPO Size?

Manoj Vaibhav Gems IPO size is ₹270 crores.

What is Manoj Vaibhav Gems IPO Price Band?

Manoj Vaibhav Gems IPO Price Band is ₹204 to ₹215.

What is the Manoj Vaibhav Gems IPO Allotment Date?

Manoj Vaibhav Gems IPO allotment date is September 27, 2023.

What is the Manoj Vaibhav Gems IPO Listing Date?

Manoj Vaibhav Gems IPO listing date is October 3, 2023. The IPO is to list on BSE and NSE.

Note: The Manoj Vaibhav Gems IPO price band and date are officially announced yet. The IPO grey market premium (Manoj Vaibhav Gems IPO Premium) will be added to the IPO grey market page as it will start).

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