Vaibhav Jewellers IPO GMP Today ( Grey Market Premium )

The Vaibhav Jewellers IPO commenced on September 22, 2023, and concluded on September 26, 2023. The allotment of shares took place on October 3, 2023, and the initiation of refunds began on October 4, 2023. The shares were credited to the demat accounts of investors on October 5, 2023. Finally, the listing of Vaibhav Jewellers on the stock exchange occurred on October 6, 2023.

The Vaibhav Jewellers IPO was priced at ₹204 to ₹215 per share, with a lot size of 69 Shares. The total issue size was ₹270.20 crores, comprising a fresh issue of ₹210.00 crores and an offer for sale of ₹60.20 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

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Founded in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited, also known as Vaibhav Jewellers, is a beloved jewelry brand in South India. They specialize in crafting exquisite gold, silver, and diamond jewelry, along with precious gemstones and other stunning pieces, available both in their retail showrooms and on their website.

Vaibhav Jewellers is committed to serving all economic segments in the micro markets of Andhra Pradesh and Telangana, catering to both rural and urban areas. They’ve built their reputation as a retailer dedicated to fostering meaningful relationships through their unique designs, unwavering quality, transparent practices, and exceptional customer service.

With a strong presence, Vaibhav Jewellers boasts 13 showrooms, including two franchisee locations, spread across 8 towns and 2 cities in Andhra Pradesh and Telangana.

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