Manoj Vaibhav IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Manoj Vaibhav

CMP

259.21

+4.33 (1.70%)

  • DRHP
₹215

Offer Price

₹ 270.20 Cr

Issue Size

₹ 14,835

Min Investment

2.25x

Times Subscribed

69

Lot size

Time Line

  • 22
    Sep 2023
    Open
  • 26
    Sep 2023
    Close
  • 27
    Sep 2023
    Finalisation of Basis of Allotment
  • 29
    Sep 2023
    Initiation of Refunds
  • 29
    Sep 2023
    Transfer of Shares to Demat Account
  • 03
    Oct 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand in the untapped sections of the micro markets of Andhra Pradesh and Telangana and develop those markets for organised jewellery sales.

  • Focus on further strengthening its rural focus and improving its sales from existing showrooms.

  • Deepen its customer relationships by enhanced focus on its Go-to-Market strategy to strengthen its customer engagement.

  • Focus on augmenting its Brand strength.

  • Invest to enhance its product portfolio by offering wider spectrum of designs and thereby improve the sales of its Premium jewellery.

Products & Services

  • The Company is a hyperlocal jewellery retail chain with presence in the micro markets of Andhra Pradesh & Telangana.

Strengths

  • The Company is a key leading home-grown regional brand built on hyperlocal retail strategy.

  • The Company has an early mover advantage in the state of Andhra Pradesh.

  • The Company has fortified its business initially with focus by catering customers in both rural and urban areas and it has been slowly moving towards capturing and expanding over brand in Tier II and Tier III cities.

  • The Company, through its operating ethos of `Relationships, by Design`, offers diverse product designs at varied price range to customers across budget bracket.

  • Its Go To Market strategy is its key business enabler thereby providing wider market reach; deep customer connect and have enabled it to build a loyal customer base.

Company Promoters

Promoters Holding

Issue For IPO
88.90%
Pre Holding

88.90%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 1,693.92 (18.20%) 2,027.34 (19.70%) 17.41 (-)
Gross Profit 1,693.92 (18.20%) 2,027.34 (19.70%) 17.41 (-)
Net Income 1,693.92 (18.20%) 2,027.34 (19.70%) 17.41 (-)
Assets 1,693.92 (18.20%) 2,027.34 (19.70%) 17.41 (-)
Liabilities 1,693.92 (18.20%) 2,027.34 (19.70%) 17.41 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Titan Company Ltd 28,799.00 2,173.00 21,194.00 21,194.00 23.35 24.49 104.87 10.25 0.06
Thangamayil Jewellery Ltd 2,193.07 38.54 905.10 905.10 11.88 28.09 236.35 4.25 1.11
Kalyan Jewellers India Ltd 10,817.93 224.21 8,945.14 8,945.14 7.14 2.18 30.46 2.50 1.07
Tribhovandas Bhimji Zaveri Ltd 1,843.84 20.18 1,456.65 1,456.65 3.82 3.02 79.06 1.38 0.96
Manoj Vaibhav Gems `N` Jewellers Ltd 1,693.92 43.68 779.71 506.85 17.41 0.00 279.28 6.71 0.65

Book Running Managers

  • Bajaj Capital Ltd
  • Elara Capital (India) Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

47-15-8 V-Square Zone-A,
OppTSR Complex Station Road,
Visakhapatnam - 530016
Phone : 91-89-1663 7777 Email : cs@vaibhavjewellers.com www.vaibhavjewellers.com

Offer Related Information

Initial public offering of up to 12,567,441 equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 215 per equity share (including a share premium of Rs. 205 per equity share) ("Offer Price") aggregating up to Rs. 270.20 crores (the "Offer") comprising a fresh issue of up to 9,767,441 equity shares aggregating up to Rs. 210.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 2,800,000 equity shares aggregating up to Rs.... More

News

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