About Manoj Vaibhav Gems 'N' Jewellers Limited IPOIncorporated in 1989, Manoj Vaibhav Gems ‘N’ Jewellers Limited is a hyperlocal jewellery retail chain in South India with presence in the micro markets of Andhra Pradesh & Telangana. As of FY23, it enjoys a market share of ~4% of the overall Andhra Pradesh and Telangana jewellery market and ~10% of the organised market in these two states. The company operates 13 showrooms across 8 towns and 2 cities with 77% of its retail showrooms are in Tier 2 and Tier 3 cities, catering to the semi urban and rural demand of Andhra Pradesh and Telangana. Company follows hub & spoke model wherein small sized showrooms operating peripheral to the larger showrooms. This way company can offer new products on a continues basis to its customers and capture market share. Its range of products includes Gold, Diamond, Gems, Platinum and Silver Jewellery. Its marketing strategies comprise focused group discussions for educating customers; exhibitions to showcase new collections; door-to-door activities for direct selling as well as maintaining a marriage database which helps them invite couples and families to purchase jewellery for the occasion. Between FY21 and FY23, the company has seen a CAGR rise of 12% in its revenue from operations and 51% in its profit along with an EBITDA margin of 7% in FY23. Moreover, the Andhra Pradesh and Telangana jewellery markets are expected to grow at a CAGR of ~18% by FY27 which could be beneficial for the company. And now, Manoj Vaibhav Gems ‘N’ Jewellers Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for the capital expenditure and inventory cost of the 8 proposed showrooms and general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Manoj Vaibhav Gems 'N' Jewellers IPO:
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A quick look at Manoj Vaibhav Gems 'N' Jewellers Limited IPO’s strengths, risks and threatsStrengths
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Manoj Vaibhav Gems 'N' Jewellers Limited IPO details| Manoj Vaibhav Gems 'N' Jewellers Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Manoj Vaibhav Gems 'N' Jewellers IPO’s opening date – in other words, the Manoj Vaibhav Gems 'N' Jewellers IPO launch date – will be 22nd September 2023. The Manoj Vaibhav Gems 'N' Jewellers IPO closing date is 26th September 2023. After this, investors will be updated about the allotment status on 3rd October 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 5th October 2023. The Manoj Vaibhav Gems 'N' Jewellers IPO listing date is 6th October 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Manoj Vaibhav Gems 'N' Jewellers Limited IPO price bandThe IPO is an offer for sale as well as a fresh issue. The Manoj Vaibhav Gems 'N' Jewellers IPO price band has been set between ₹204 and ₹215 per share. Interested investors can choose a price within this band to apply for the IPO. The Manoj Vaibhav Gems 'N' Jewellers IPO listing price will be determined on 6th October 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. | Manoj Vaibhav Gems 'N' Jewellers Limitedd IPO lot sizeThe Manoj Vaibhav Gems 'N' Jewellers IPO details have been declared. The Manoj Vaibhav Gems 'N' Jewellers IPO lot size is set at 69 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Manoj Vaibhav Gems 'N' Jewellers IPO issue size is approx ₹270 crore. |
How to pre-apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO?You can pre-apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO on Upstox:
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How to check the Manoj Vaibhav Gems 'N' Jewellers Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Manoj Vaibhav Gems 'N' Jewellers Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPOTo apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Manoj Vaibhav Gems 'N' Jewellers Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Manoj Vaibhav Gems 'N' Jewellers IPO means applying for this public issue before it goes live. Click here to pre-apply for the Manoj Vaibhav Gems 'N' Jewellers IPO on Upstox.
You can pre-apply for the Manoj Vaibhav Gems 'N' Jewellers IPO from 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Manoj Vaibhav Gems 'N' Jewellers IPO opens for the subscription.
The Manoj Vaibhav Gems 'N' Jewellers IPO launch date is 22nd September 2023. The Manoj Vaibhav Gems 'N' Jewellers IPO will be open for subscription till 26th September 2023.
The Manoj Vaibhav Gems 'N' Jewellers lot size is 69 shares and the minimum investment required is ₹₹14,835.
The Manoj Vaibhav Gems 'N' Jewellers IPO price band is ₹204 – ₹215 per share.
The size of the Manoj Vaibhav Gems 'N' Jewellers IPO is approx. ₹270 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 5th October 2023.
Manoj Vaibhav Gems 'N' Jewellers shares will be on NSE and BSE.
Manoj Vaibhav Gems 'N' Jewellers shares’ listing date is 6th October 2023.