Manoj Vaibhav
CMP
238.70
+7.60 (3.29%)
- DRHP
₹215
Offer Price
₹ 270.20 Cr
Issue Size
₹ 14,835
Min Investment
2.25x
Times Subscribed
69
Lot size
Time Line
-
22Sep 2023Open
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26Sep 2023Close
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27Sep 2023Finalisation of Basis of Allotment
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29Sep 2023Initiation of Refunds
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29Sep 2023Transfer of Shares to Demat Account
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03Oct 2023Listing Date
Shares Offered
Number of Times Subscribed
Day 3
26 Sep 2023
2.25x
QIB
1.06
NIB
5.18
Retail
1.66
Employee
0.00
Day 2
25 Sep 2023
0.58x
QIB
0.33
NIB
0.57
Retail
0.73
Employee
0.00
Day 1
22 Sep 2023
0.14x
QIB
0.00
NIB
0.05
Retail
0.25
Employee
0.00
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.
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Focus on further strengthening its rural focus and improving its sales from existing showrooms.
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Deepen its customer relationships by enhanced focus on its Go-to-Market strategy to strengthen its customer engagement.
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Focus on augmenting its Brand strength.
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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
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The Company is a key leading home-grown regional brand built on hyperlocal retail strategy.
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The Company has an early mover advantage in the state of Andhra Pradesh.
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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-2021 | Mar-2022 | Mar-2023 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 1,433.57 (12.10%) | 1,693.92 (18.20%) | 2,027.34 (19.70%) | |
| Gross Profit | 36.63 (-13.20%) | 67.11 (83.20%) | 104.40 (55.60%) | |
| Net Income | 20.74 (-15.00%) | 43.68 (110.60%) | 71.60 (63.90%) | |
| Assets | 721.51 (6.30%) | 779.71 (8.10%) | 833.89 (7.00%) | |
| Liabilities | 492.52 (4.60%) | 506.85 (2.90%) | 489.34 (-3.50%) |
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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No Data Found.
Manoj Vaibhav FAQ's
The shares of Manoj Vaibhav were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Manoj Vaibhav IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Manoj Vaibhav public issue was 125 shares.
The price band of the IPO of Manoj Vaibhav was Rs. 114 to Rs. 120 per equity share.
Manoj Vaibhav IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Manoj Vaibhav IPO.
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