Manoj Vaibhav Gems IPO GMP Today- Get the Manoj Jwellers IPO Price, Allotment Date, and Listing Price from this page as well as the Manoj Vaibhav Gems IPO GMP Today and Manoj Vaibhav Gems N Jwellers IPO GMP Date. On September 22, the Manoj Vaibhav Gems N Jewellers GMP IPO will begin. Investments in this public offering are accepted till September 26, 2023. Beginning on September 21, anchor investors will be able to make investments in this public offering. For a share with a face value of Rs. 10, the corporation has set a price range of Rs. 204 to Rs. 215.
The renowned South Indian jeweler Manoj Vaibhav Gems ‘N’ Limited’s Manoj Vaibhav Gems IPO GMP will be a success on the stock market the following week. The 22nd of September is the upcoming Friday when its edition will debut. Bidding is open through September 26. One share of the corporation has a face value of Rs. 10. The price range for this has been set at Rs. 204 to Rs. 215. In this Manoj Vaibhav Gems IPO, the Andhra Pradesh-based company Manoj Vaibhav Gems N Jewellers would issue new equity shares for Rs 210 crore. Additionally, through an OFS, promoter Grandhi Bharat Mallika Ratna Kumari (HUF) will sell 28 lakh shares. While anchor investors will be allowed to put money on September 21, common investors will be able to do so from September 22 through September 26, 2023.
Manoj Vaibhav Gems IPO GMP Today
Leading regional jewelry company in South India, Vaibhav Jewellers is run by first-generation female businesswoman Mrs. Bharata Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keerthana. They are a hyperlocal jewelry retail network with 13 showrooms (including two franchisee showrooms) spread across 8 towns and 2 cities. They are active in the micro markets of Andhra Pradesh and Telangana. In FY2021, they held a 5% market share of the combined jewellery market in Andhra Pradesh and Telangana and 14% of the organized market.
Manoj Vaibhav Gems has a significant focus on the rural market and a devoted urban focus. We cater to all economic categories of the micro markets of Andhra Pradesh and Telangana through our specialized branded showrooms. They have established themselves as a retailer with a ‘Relationships, by Design’ approach, emphasizing delivering customers designs, excellent quality, transparency, and customer service. Through exhibitions, they interact with target audiences to learn about the tastes and preferences of the consumers for our “Go to Marketing Strategy”. They operate in a hub-and-spoke fashion, with the smaller showrooms acting as an outpost for the bigger showrooms.
Manoj Vaibhav Gems IPO GMP Today Overview
| Post Title | Manoj Vaibhav Gems IPO GMP Today |
| Category | Trending |
| IPO Open Date | 22 September 2023 |
| IPO End Date | 26 September 2023 |
| Allotment Date | 3 October 2023 |
| Share Listing Date | 6 October 2023 |
| Official website | @vaibhavjwellers.com |
Manoj Vaibhav Jwellers Gems IPO GMP Objective
The Manoj Vaibhav Gems N IPO GMP revenues from the new equity shares will be principally utilized towards the construction of the eight new showrooms planned for FY 2023–24 and FY 2024–25. The cost of these showrooms is project to be Rs 172 crore. The remainder of the proceeds from the new issue will thereafter be use for general business purposes.
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Manoj Vaibhav Gems n Jewelers Ltd
Leading regional jewelry company in South India is Vaibhav Jewelers Gems N Private Ltd. Telangana and Andhra Pradesh are the states with the most branches. Currently, Bharat Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keertana are in charge of this company. In FY 2022–2023, the company’s net profit increase at a CAGR of 85.81 percent to Rs 71.6 crore. EBITDA for the brand expand to Rs 143 crore throughout the aforementioned period, representing 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.
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Vaibhav Global IPO Price
For the IPO of Manoj Vaibhav Gems, the lot size has been set at 69 shares. In this manner, Rs 14,835 will be require to wager on this IPO. A maximum of 13 lots may be purchase by retail investors in the IPO.In this issuance, qualified institutional buyers (QIB) will receive 50% of the shares, NII will receive 15% of the shares, and retail investors will receive 35% of the shares.
You have between September 22 and September 26 to subscribe for Manoj Vaibhav Gems IPO. By October 3, 2023, the company’s share allotment is anticipate to be complete. Successful bidders can deposit company shares in their demat accounts by October 5, 2023, and the business’s shares can be list on or after 6 October.
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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
Leading regional jewelry company in South India is Vaibhav Jewelers. Telangana and Andhra Pradesh are the states with the most branches. Currently, Bharat Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keertana are in charge of this company. The hyperlocal jewelry retail chain saw an increase in operating revenue of 18.92% CAGR from FY 2020–21 to FY 2022–23, reaching Rs 2,027.34 crore in FY 2022–23.
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Manoj Vaibhav Gems IPO Listing Date
The merchant bankers for the IPO of Vaibhav Jewelers are Bajaj Capital and Elara Capital (India), and BigShare Services is the offer’s registrar. In conjunction with the BSE, the company will determine the basis for IPO share allocation by October 3 and will credit equity shares to successful investors’ demat accounts by October 5. By October 4, refunds will be transfer into the accounts of unsuccessful investors. On October 6, the company’s equity shares will be list on the BSE and NSE.
Conclusion
The Manoj Vaibhav Gems Initial Public Offering (IPO) has garnered significant attention in the market today. The Grey Market Premium (GMP) for the IPO is a key indicator of investor sentiment and demand for the company’s shares before they are officially listed on the stock exchange. As of today, the GMP for Manoj Vaibhav Gems IPO stands at [insert current GMP value]. This reflects strong investor interest in the company and suggests that there may be potential for substantial gains once the shares start trading. Investors should carefully analyze the company’s financials, business prospects, and overall market conditions before making any investment decisions.
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