Vaibhav Jewellers IPO Details ( Manoj Vaibhav Gems N Jewellers Limited IPO Review )
(22 Sep 2023 – 26 Sep 2023)
Manoj Vaibhav Gems ‘N’ Jewellers Limited, also known as Vaibhav Jewellers, was established in 2003 and has become a well-known jewelry brand in South India.
They offer a wide range of jewelry products, including gold, silver, and diamond jewelry, as well as precious gemstones. You can find their products in their retail showrooms or on their website.
Vaibhav Jewellers caters to customers from all economic backgrounds in the micro markets of Andhra Pradesh and Telangana, both in rural and urban areas. Their primary focus is on building strong customer relationships through their unique designs, high-quality products, transparency, and excellent customer service.
Currently, they operate 13 showrooms, which include two franchisee-owned stores, located in 8 towns and 2 cities across Andhra Pradesh and Telangana.
Manoj Vaibhav Gems N Jewellers Limited IPO Competitive Strength
- Key leading home-grown regional brand built on hyperlocal retail strategy
- Early mover advantage in the state of Andhra Pradesh
- Our focus of fortifying our business through Rural Market focus
- Through our operating ethos of ‘Relationships, by Design’ we offer diverse product designs at varied price range to customers across budget bracket
- Our Go To Market strategy is our key business enabler thereby providing wider market reach; deep customer connect and have enabled us to build a loyal customer base
- Experienced promoter and professional senior management team enabling seamless strategy implementation and business operations
- Employees and Customers are our real Brand Ambassadors
- Ability to define operating parameters and internal control measures that enables us to perform as well as grow business across the micro market of Andhra Pradesh and Telangana and also other jurisdictions through our e -commerce platform.
Vaibhav Gems N Jewellers IPO Financials Performance ( Results )
Vaibhav Gems N Jewellers Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 818.62 | 1,284.30 | 24.39 | 6.24 | 208.08 | 198.31 | 419.32 | |
| 31-Mar-21 | 803.10 | 1,443.18 | 20.74 | 5.31 | 228.99 | 219.22 | 463.43 | |
| 31-Mar-22 | 899.53 | 1,697.70 | 43.68 | 11.18 | 272.86 | 69.82 | 263.09 | 477.73 |
| 31-Mar-23 | 1,077.86 | 2,031.30 | 71.60 | 18.32 | 344.55 | 88.17 | 305.47 | 460.00 |
| 30-Jun-23 | 1,082.82 | 510.21 | 19.24 | 4.92 | 363.65 | 93.05 | 324.57 | 460.39 |
Objective of IPO Issue
- To Finance the Establishment of the proposed 8 new showrooms, i.e.
(a) Capital expenditure cost for the proposed eight (8) new showrooms,
(b) Inventory cost for the proposed eight (8) new showrooms, - General corporate purposes.
Vaibhav Jewellers IPO Basic Details
| IPO Date | Sep 22, 2023 to Sep 26, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Issue Size | 12,567,442 shares of ₹10 (aggregating up to ₹270.20 Cr) |
| Fresh Issue | 9,767,442 shares of ₹10 (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹60.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 39,080,000 |
| Share holding post issue | 48,847,442 |
| Company Promoters | Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi and Grandhi Sai Keerthana |
Vaibhav Jewellers IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Vaibhav Jewellers IPO Timetable
Vaibhav Jewellers IPO will open on September 22, 2023 and close on September 26, 2023. You can join Vaibhav Jewellers IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 22 September 2023 (Friday) |
| Closing Date | 26 September 2023 (Tuesday) |
| Basis of Allotment | 3 October 2023 (Tuesday) |
| Initiation of Refunds | 4 October 2023 (Wednesday) |
| Credit of Shares to Demat | 5 October 2023 (Thursday) |
| Listing Date | 6 October 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 September 2023 |
Vaibhav Jewellers IPO Lot Size
For retail investors in Vaibhav Jewellers IPO, 69 shares will come in 1 lot or the minimum investment will be ₹14,835. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,855.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| S-HNI (Min) | 14 | 966 | ₹207,690 |
| S-HNI (Max) | 67 | 4,623 | ₹993,945 |
| B-HNI (Min) | 68 | 4,692 | ₹1,008,780 |
Vaibhav Jewellers IPO Promoter Holding
The company’s promoters include Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi,and Grandhi Sai Keerthana.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.27% |
Manoj Vaibhav Gems ‘N’ Jewellers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1050.22 |
| Earning Per Share (EPS) | ₹18.32 per Equity Share |
| Net Asset Value (NAV) | ₹88.17 per Equity Share |
| P/E Ratio (P/E) (x) | 11.74 |
| Return on Net Worth (RoNW) (%) | 20.78 |
| Return on equity (ROE) (%) | 23.19 |
| Return on Capital Employed (ROCE) (%) | 17.71 |
| Debt/Equity Ratio | 1.34 |
Manoj Vaibhav Gems N Jewellers Ltd IPO Peer Comparison
Vaibhav Jewellers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹7 | – | – |
| 25 September 2023 | ₹8 | – | – |
| 24 September 2023 | ₹9 | – | – |
| 23 September 2023 | ₹10 | – | – |
| 22 September 2023 | ₹0 | – | – |
| 21 September 2023 | ₹0 | – | – |
| 20 September 2023 | ₹0 | – | – |
Manoj Vaibhav Gems IPO Detail Video:
Vaibhav Jewellers IPO Subscription Status (Bidding Detail)
The Vaibhav Jewellers IPO on September 26, 2023 at 7:30:00 PM was subscribed 2.33 times, with the retail category being subscribed 1.73 times, the NII (Non-Institutional Investor) category being subscribed 5.40 times, QIB (Qualified-Institutional Buyers) category being subscribed 1.08 times.
| Category | Subscription |
| QIB | 1.08x |
| NII | 5.40x |
| Retail | 1.73x |
| Total | 2.33x |
Vaibhav Jewellers IPO Prospectus
| Vaibhav Jewellers IPO DRHP | Download |
| Vaibhav Jewellers IPO RHP | Download |
| Vaibhav Jewellers IPO Anchor Investors Details PDF | Download |
Vaibhav Jewellers IPO Rating
| Our Rating | 3.0/5.0 |
Vaibhav Jewellers Company Contact Information
Manoj Vaibhav Gems ‘N’ Jewellers Limited
Corporate Identity Number: U55101AP1989PLC009734
Registered Office: 47-15-8, V Square, Zone-A, Opp: TSR Complex, Station Road,
Dwarakanagar, Visakhapatnam – 530016, Andhra Pradesh, India
Tel: + (91) 89 1663 7777
Corporate Office: D. No. 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam,
Andhra Pradesh – 530 016
Tel: + (91) 089 1663 6666
Contact Person: Bandari Shiva Krishna, Company Secretary and Compliance Officer
Tel: + (91) 089 1663 6666
E-mail: cs@vaibhavjewellers.com
Website: www.vaibhavjewellers.com
Our Promoters: Grandhi Bharata Mallika Ratna Kumari (Huf),
Bharata Mallika Ratna Kumari Grandhi and Grandhi Sai Keerthana
Vaibhav Jewellers IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India
Tel: +91 22 6263 8200
Facsimile: +91 22 6263 8280
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Mr. Jibu John
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
Vaibhav Jewellers IPO Lead Manager
Bajaj Capital Limited
Registered Office: Mezzanine Floor, Bajaj House, 97,
Nehru Place, New Delhi -110019, India
Tel: +91 11 4169 3000
E-mail: info@bajajcapital.com
Website: www.bajajcapital.com
Investor grievance e-mail: info@bajajcapital.com
Contact person: P. Balraj
SEBI Registration No: INM000010544
Elara Capital (India) Private Limited
Registered Office: One International Centre, Tower 3, 21st Floor, Senapati Bapat Marg,
Elphinstone Road (West) Mumbai 400 013
Tel: +91 (22) 6164 8599
Email: vaibhav.ipo@elaracapital.com
Investor Grievance Email: mb.investorgrievances@elaracapital.com
Website: www.elaracapital.com
Contact Person: Namrata Ravasia
SEBI Registration No.: INM000011104
Vaibhav Jewellers IPO FAQs
What is the lot size of Vaibhav Jewellers IPO?
The total size of Vaibhav Jewellers IPO is ₹270.20 crores out of which ₹210 crores is fresh issue and ₹60.20 crores is offer for sale (OFS).
When will Vaibhav Jewellers IPO start?
Vaibhav Jewellers IPO will open from 22 September 2023 and IPO will close on 26 September 2023.
What is the open date of Vaibhav Jewellers IPO?
Vaibhav Jewellers IPO will open date from 22 September 2023.
What is the last date ( close date ) of Vaibhav Jewellers IPO?
Vaibhav Jewellers IPO will close from 26 September 2023.
What is the price band of Vaibhav Jewellers IPO?
Vaibhav Jewellers IPO price band is ₹204 to ₹215. ( Upper Price Band: ₹215, Lower Price Band: ₹204 )
What is the minimum amount required to apply for Vaibhav Jewellers IPO?
The minimum investment for retailers to apply for Vaibhav Jewellers IPO is ₹14,835 and the maximum investment is ₹192,855.
What is going on gray market premium of Vaibhav Jewellers IPO?
View gray market premium of Vaibhav Jewellers IPO by Clicking Here
How much is the GMP of Vaibhav Jewellers IPO?
Watch Vaibhav Jewellers IPO GMP Today: Click Here
What is the allotment date of Vaibhav Jewellers IPO?
The allotment date of Vaibhav Jewellers IPO is 3 October 2023.
How to check allotment status in Vaibhav Jewellers IPO?
To check the allotment status of Vaibhav Jewellers IPO, first of all go to the registrar website by clicking here, select your bad Vaibhav Jewellers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Vaibhav Jewellers IPO?
The listing date of Vaibhav Jewellers IPO is 6 October 2023.
How much will be the listing gain in Vaibhav Jewellers IPO?
View listing gain of Vaibhav Jewellers IPO by Clicking Here
How much time Vaibhav Jewellers IPO is subscribed?
Total 2.33 times subscribed in Vaibhav Jewellers IPO out of which 1.73 times subscription was done in retail quota, 5.40 times subscription in NII quota and 1.08 times subscription in QIB quota.
How to apply for Vaibhav Jewellers IPO from Upstox?
Click Here to see how to apply for Vaibhav Jewellers IPO from Upstox. (step by step)
How to apply for Vaibhav Jewellers IPO from Zerodha?
Click Here to see how to apply for Vaibhav Jewellers IPO from Zerodha. (step by step)
How to apply for Vaibhav Jewellers IPO from Angle One?
Click Here to see how to apply for Vaibhav Jewellers IPO from Angle One. (step by step)
