The Vaibhav Jewellers IPO started on September 22, 2023, and ended on September 26, 2023. Shares were allocated on October 3, 2023, and refund processes began on September 4, 2023. On October 5, 2023, the shares were credited to investors demat accounts. Vaibhav Jewellers was officially listed on the stock exchange on October 6, 2023.
During the IPO, Vaibhav Jewellers offered shares at a price range of ₹204 to ₹215 per share, and the lot size was 69 shares. The total issue size was ₹270.20 crores, with ₹210.00 crores from new shares and ₹60.20 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Manoj Vaibhav Gems IPO Subscription Update Video
Vaibhav Jewellers IPO Subscription Status
The Vaibhav Jewellers IPO on September 26, 2023 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, the 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 Basic Details
| Company Name | Manoj Vaibhav Gems N Jewellers Limited |
| Domain of Company | Jewelry Company |
| IPO Open Date | September 22, 2023 |
| IPO Close Date | September 26, 2023 |
| IPO Allotment Date | October 3, 2023 |
| IPO Listing Date | 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 |
| Company Promoters | Grandhi Bharata Mallika Ratna Kumari (HUF), Bharata Mallika Ratna Kumari Grandhi and Grandhi Sai Keerthana |
About Manoj Vaibhav Gems N Jewellers Limited
Manoj Vaibhav Gems ‘N’ Jewellers Limited, also known as Vaibhav Jewellers, was established in 2003 and is a popular jewelry brand in South India. They specialize in a wide range of jewelry products, including gold, silver, and diamond jewelry, precious gemstones, and more. You can find their products in their retail showrooms and on their website.
Vaibhav Jewellers serves customers from all economic backgrounds in the micro markets of Andhra Pradesh and Telangana, both in rural and urban areas. Their core focus is on building strong customer relationships through well-crafted designs, exceptional quality, transparency, and top-notch customer service.
Currently, the company operates 13 showrooms, which include two franchisee-owned stores, across 8 towns and 2 cities in Andhra Pradesh and Telangana.
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Vaibhav Jewellers IPO FAQs
What is the start and end date of Vaibhav Jewellers IPO Subscription?
The Vaibhav Jewellers IPO started on September 22, 2023, and ended on September 26, 2023.
When does Vaibhav Jewellers IPO Subscription open?
The Vaibhav Jewellers IPO open on September 22, 2023.
When does Vaibhav Jewellers IPO Subscription close?
The Vaibhav Jewellers IPO Close on September 26, 2023.
What is the allotment date of Vaibhav Jewellers IPO?
The allotment date for Vaibhav Jewellers IPO is October 3, 2023.
When is the initial refund date of Vaibhav Jewellers IPO?
The initial Refund date for Vaibhav Jewellers IPO is October 4, 2023.
When were the shares credited to investors demat accounts for the Vaibhav Jewellers IPO?
The shares for the Vaibhav Jewellers IPO were credited to investors demat accounts on October 5, 2023.
When will Vaibhav Jewellers IPO be listed on the stock market?
Vaibhav Jewellers IPO stock market will be listed on October 6, 2023 at 10 am.
What was the price range of the Vaibhav Jewellers IPO shares?
The Vaibhav Jewellers IPO shares were offered at a price range of ₹204 to ₹215 per share.
What was the lot size for the Vaibhav Jewellers IPO shares?
The lot size for the Vaibhav Jewellers IPO shares was 69 shares.
What was the total issue size of the Vaibhav Jewellers IPO?
The total issue size of the Vaibhav Jewellers IPO was ₹270.20 crores.
How were the shares allocated among different types of investors for the Vaibhav Jewellers IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Vaibhav Jewellers IPO listed?
The Vaibhav Jewellers IPO was listed on both the NSE and BSE.
What is the Vaibhav Jewellers IPO Subscription Status?
Vaibhav Jewellers IPO is subscribed Times.
