Manoj Vaibhav Gems IPO GMP, review, Price, Date, Allotment

 

Manoj Vaibhav Gems ipo Review: Manoj Vaibhav Gems is coming up with its Initial Public Offering

Manoj Vaibhav Gems IPO
Manoj Vaibhav Gems IPO

Manoj Vaibhav Gems IPO- About The Company

 

Manoj Vaibhav Gems ‘N’ Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India. The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.

Vaibhav Jewellers’ cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on ‘Relationships, by Design’ where it focuses on offering designs, high quality, transparency, and customer service to its customers.

In 2007 the company has launched V Square, Vaibhav Jewellers flagship showroom, which is one of the largest in Visakhapatnam, Andhra Pradesh with 29,946 sq.ft jewellery retail space and is one of India’s largest ISO certified jewellery showroom.

The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website – www.vaibhavjewellers.com.

 

Manoj Vaibhav Gems IPO- industry overview 

 

Global jewellery market is estimated at $320 billion in CY 2021 and is a significant contributor to the world economy. It is also for centuries is an expression of creativity, status, and exclusivity. Diamond and gold are two precious items contributing more than 50% of the global jewellery market. USA, China, and India are the top three markets in the global jewellery market with different pecking order in diamond and gold jewellery market. India in addition to being a big market also plays a significant role in the supply chain of both gold and diamond jewellery market

The Indian jewellery retail sector’s size in FY 2022 was close to USD 60 billion. The sector’s organized retail share stood at approximately 32%, comprised of national and regional players, while the rest of jewellery retail continues to be dominated by the unorganised segment, comprised of over 500,000 local goldsmiths and jewellers. The jewellery retail market is expected to grow to approximately USD 92 billion by FY 2025 on account of the growing economy and rising disposable income, increasing consumer demand for gold, growth in gold prices and rising demand for other categories like diamonds, other precious stones and costume jewellery.

 

Object Of The Issue

  • To Finance Establishment of 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; and

  •  General corporate purposes

.

Manoj Vaibhav Gems Financial Performance

 

FY 2020 FY 2021 FY 2022
Revenue 1,279.13 1,433.57 1,693.92
Expenses 1,251.03 1,404.12 1,639.29
Net income 24.19 20.91 43.87
Margin (%) 1.89 1.46 2.60

Figures in INR crore 

 

Manoj Vaibhav Gems Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 5.31 11.18 18.32
PE ratio 11.14 – 11.74
RONW (%) 9.06 16.01 20.78
NAV 69.82 88.17
ROCE (%) 10.54 13.77 17.71
EBITDA (%) 4.85 6.20 7.06
Debt/Equity 2.02 1.75 1.34

 

Manoj Vaibhav Gems ‘N’ Jewellers IPO Peer Comparison

S. No. Face Value Company Name PE
1 1 Titan Company Ltd 89.80
2 10 Thangamayil Jewellery Ltd 28.10
3 10 Kalyan Jewellers India Ltd 48.10
4 10 Tribhovandas Bhimji Zaveri Limited 15.20

 

Manoj Vaibhav Gems ipo – strengths 

 

  • Key leading home-grown regional brand built on hyperlocal retail strategy 
  • Early mover advantage in the state of Andhra Pradesh We have been amongst the first movers in the organised jewellery business in the state of Andhra Pradesh by starting our business as a proprietorship concern in the year 1994 from our first showroom in Vishakapatnam
  • The company, through its operating ethos of ‘Relationships, by Design’, offer diverse product designs at varied price range to customers across budget bracket.
  • Vaibhav Jewellers Go To Market strategy is the key business enabler thereby providing wider market reach; deep customer connect and have enabled us to build a loyal customer base.
  • Vaibhav Jewellers experienced promoter and professional senior management team has enabled us in seamless strategy implementation and business operations.
  • Vaibhav Jewellers employees and Customers is the real Brand Ambassadors.

 

 

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Manoj Vaibhav Gems IPO Details

 

Manoj Vaibhav Gems IPO Dates 22 – 26 September 2023
Manoj Vaibhav Gems IPO Price INR 204 – 215 per share
Fresh issue INR 210 crores
Offer For Sale 2,800,000 shares

INR 57.12 – 60.20 crore

Total IPO size INR 267.12 – 270.20 crore
Minimum bid (lot size) 69 shares

INR 14,835

Face Value INR 10 per share
Retail Allocation 35%

Manoj Vaibhav Gems ‘N’ Jewellers IPO – Date Schedule

 

IPO Open Date 22 September 2023
IPO Close Date 26 September 2023
Basis of Allotment Date 29 September 2023
Initiation of Refunds 03 October 2023
Credit of Shares to Demat Account 04 October 2023
IPO Listing Date 05 October 2023

 

Manoj Vaibhav Gems IPO GMP Today

 

Date Ipo gmp  Kostak Subject to Sauda
Coming soon

Manoj Vaibhav Gems IPO Allotment Status

Manoj Vaibhav Gems IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

 

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