Manoj Vaibhav Gems ''N'' Jewellers Ltd. IPO

Manoj Vaibhav Gems 'N' Jewellers Limited, led by Mrs. Bharata Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keerthana, is a prominent jewelry brand in South India. With 13 showrooms in Andhra Pradesh and Telangana, they hold approximately 4% of the local jewelry market and 10% of the organized sector in these states. They focus on building relationships through quality, transparency, and customer service, serving diverse economic segments in both rural and urban markets. Established in 1994, their growth aligns with the rising jewelry demand in coastal Andhra Pradesh and Telangana, offering a wide range of jewelry products.

RHP
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DRHP
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Open Date

2023-09-22

Close Date

2023-09-26

IPO Details

Check out the issue details for Manoj Vaibhav Gems ''N'' Jewellers Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 215

Price Band

₹ 204 - 215

Issue Size

270.2 Cr.

Issue Type

Book Built

Open

2023-09-22

Close

2023-09-26

Listingprice

₹ 215

ListingGain

0.00%

Listing Date

2023-10-03

CMP

₹ 270.5

Current Return

25.81%

Company Financials

You can get the following financial statements of Manoj Vaibhav Gems ''N'' Jewellers Ltd. as of now.

Subscription Details

The details about the Manoj Vaibhav Gems 'N' Jewellers Limited IPO is as:

  • The issue size of the IPO is 270.20 Cr.
  • The price band for Manoj Vaibhav Gems 'N' Jewellers Limited IPO is Rs 204 to Rs 215.
  • The shares of Manoj Vaibhav Gems 'N' Jewellers Limited IPO will list on 3rd October 2023.
  • The latest tentative GMP of Manoj Vaibhav Gems 'N' Jewellers Limited IPO is Rs 18.
  • The shares of Manoj Vaibhav Gems 'N' Jewellers Limited IPO is subscribed 2.33 Times as of 26th September 2023.

 

Manoj Vaibhav Gems 'N' Jewellers Limited IPO Valuation

The approx valuation of Manoj Vaibhav Gems 'N' Jewellers Limited IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 215
Existing Shares (Qty) 3.90 Cr
Fresh Issue 210 Cr
Market Cap 1048.5 Cr
EPS (FY23) Rs 18.32
PE Ratio 11.73x
Industry PE 30.30x

 

Manoj Vaibhav Gems 'N' Jewellers Limited IPO Issue Size

Manoj Vaibhav Gems 'N' Jewellers Limited IPO issue size is 270.20 Cr. 

Issue Amount
Fresh Issue 210 Cr
Offer For Sale 60.20 Cr

  

Manoj Vaibhav Gems 'N' Jewellers Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 69 shares and a maximum of 13 lots of 897 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 69 14,835
 Maximum 13 897 1,92,855

 

Manoj Vaibhav Gems 'N' Jewellers Limited IPO IPO share offer

The shares of Manoj Vaibhav Gems 'N' Jewellers Limited IPO is subscribed 2.33 Times as of 26th September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 1.08 Times
Non-Institutional Minimum 15% 5.40 Times
Retail Individual Minimum 35% 1.73 Times
Total   2.33 Times

 

Allotment Details

Find below the dates for Manoj Vaibhav Gems 'N' Jewellers Limited IPO:

Schedule Date
Basis of Allotment 27 September 2023
Refunds 29 September 2023
Credit to Demat Account 29 September 2023
IPO Listing Date 3 October 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1247.43 1279.13 1433.57 1693.92 2027.34
Total Expenditure 1163.76 1199.11 1352.4 1585.77 1880.33
Operating Profit 83.67 80.02 81.17 108.15 147.01
Other Income 5.89 4.52 9.61 3.78 3.96
Interest 34.51 40.85 42.91 44.82 46.58
Depreciation 7.15 7.11 8.8 8.69 8.56
Exceptional Items 0 0 -11.23 0 0
Profit Before Tax 47.9 36.58 27.83 58.41 95.84
Provision for Tax 17.19 9.71 7.09 14.73 24.24
Net Profit 30.71 26.86 20.74 43.68 71.6
Adjusted EPS (Rs.) 0.79 0.69 0.53 1.12 1.83

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 9.77 9.77 9.77 9.77 39.08
Total Reserves 174.1 200.96 219.22 263.09 305.47
Borrowings 45.33 45.17 113.97 104.03 106.6
Other N/C liabilities 3.82 4.05 24.99 23.95 23.16
Current liabilities 451.37 514.66 434.21 496.63 600.71
Total Liabilities 684.39 774.61 802.15 897.46 1075.01
Assets
Net Block 60.35 53.95 72.94 68.17 63.42
Capital WIP 12.72 16.96 6.58 3.02 0.74
Intangible WIP 0 0 0 0 0
Investments 9.22 19.89 0 0 0
Loans & Advances 5.99 5.34 2.78 1.99 1.97
Other N/C Assets 8.53 0.5 21.69 22.09 21.74
Current Assets 587.57 677.97 698.16 802.19 987.15
Total Assets 684.39 774.61 802.15 897.46 1075.01
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 1 4.6
Profit Before Tax 29.79 24.99
Tax 7.62 6.04
Profit After Tax 22.16 18.96
Adjusted EPS (Rs) 4.54 3.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 74.27 0
Sep 2023 74.27 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 47.9 36.58 39.06 58.41 95.84
Adjustment 33.61 46.89 47.66 48.73 49.84
Changes in Assets & Liabilities -42.58 -47.33 -77.17 -83.57 -50.53
Tax Paid -15.5 -17.76 -9.83 -14.62 -25.94
Operating Cash Flow 17.92 27.58 -11.51 8.96 69.2
Investing Cash Flow -8.46 -6.1 10.91 1.3 -3.53
Financing Cash Flow 1.26 -30.86 4.27 -25.59 -58.81
Net Cash Flow 10.72 -9.38 3.67 -15.33 6.87
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