Check details about Manoj Vaibhav Gems IPO GMP today, price, review, lot size and allocation in this article. Necessary details about Manoj Vaibhav Gems IPO GMP Today, price, review, lot size, allocation and other important details are mentioned in this article.
Manoj Vaibhav Gems IPO GMP Today
Manoj Vaibhav Gems N Jewelers is one of the leading regional jewelery brands in South India. Manoj Vaibhav Gems’ IPO will open on September 22. However, the main bidding for the Manoj Vaibhav Gems IPO will begin on September 21. Manoj Vaibhav shares may be traded on an unregulated market prior to the opening of the offer.
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Furthermore, these stocks trade at a particular value each day, which keeps changing. The GMP of any IPO often helps determine the share price of that company at the time of its listing. According to the information, the GMP IPO of Manoj Vaibhav Gems is not available today. It means Manoj Vaibhav Gems shares are not currently traded in the gray market.
Manoj Vaibhav Gems IPO Overview
| Name of the company | Manoj Vaibhav Gems ‘N’ Jewelers |
| Corporate office | Visakhapatnam |
| IPO dates | September 22 – September 26 |
| Par value of shares | INR 10/Share |
| Price per share | 204 INR – 215 INR |
| Lot Size | 69 shares |
| IPO size | INR 210 crores |
| Offer for sale | INR 60.20 Crores |
| New number | INR 210 crores |
| List | BSE, EEN |
| Award date | October 3 |
| Recorder | Bigshare Services Pvt Ltd |
| Senior managers | Bajaj Capital Limited, Elara Capital (India) Private Limited |
| Website | vaibhavjewellers.com |
Manoj Vaibhav gems IPO price
The share price of Manoj Vaibhav Gems ranges between INR 204 and INR 215. The total issue size proposed by Manoj Vaibhav Gems ‘N’ Jewelers is INR 210 crore. While the proposed sale offer for Manoj Vaibhav Gems is INR 60.20 crore. Information about the sale offer, important dates, financial data of the company, promoters, etc., can be consulted by downloading the RHP and DRHP.
The lead managers of the Manoj Vaibhav Gems IPO are Elara Capital (India) Private Limited and Bajaj Capital Limited. Interested investors can apply for the Manoj Vaibhav Gems IPO during the bidding period from September 22 to 26.
Manoj Vaibhav Gems IPO Review
Manoj Vaibhav Gems N Jewelers has 13 stores in different cities and the financial growth of the company seems constant and stable. The total assets held by Manoj Vaibhav Gems are valued at INR 1,082.82 crore (June 30, 2023). Furthermore, the revenue generated by Manoj Vaibhav Gems as of June 30, 2023 is INR 510.21.
Manoj Vaibhav Gems N Jewelers’ total net worth is INR 363.65 crore (for the same financial year). Based on these financial details, investors can determine whether they should invest in Manoj Vaibhav Gems or not.
Manoj Vaibhav Gems IPO Lot Size
The lot size of Manoj Vaibhav Gems is 69 shares. This means that a single IPO lot of Manoj Vaibhav Gems contains 69 shares. Furthermore, the lot size of Manoj Vaibhav Gems shares will be calculated based on its share price.
| Lots | Share | Total cost |
| 1 | 69 | Rs 14,835 |
| 13 | 897 | 193,855 rupees |
| 14 | 966 | 2,07,690 INR |
| 67 | 4,623 | 9,93,945 INR |
| 68 | 4,692 | 1,008,780 INR |
Therefore, based on the price band of INR 204 to INR 215, the price of 1 lot of Manoj Vaibhav Gems IPO will be INR 14,835. Additionally, investors can request a different number of lots based on their requirements, and the price of these lots will be calculated using the same method.
Manoj Vaibhav Gems IPO Dates
Check the dates-
| Event | dates |
| Anchor offer | September 21st |
| open IPO | September 22` |
| IPO closes | September 26 |
| Assignment | October 3 |
| Share credit | October 5th |
| List | October 6 |
Additionally, the deadline for UPI’s mandate is September 26 at 5 pm. The company plans to use the funds to finance the 8 new showrooms (capital expenditure cost and inventory cost) and for corporate purposes. general. The market capitalization of Manoj Vaibhav Gems is INR 1050.22 crore and the P/E (x) is 11.47.
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Manoj Vaibhav Gems IPO Allotment
After closing the bidding period for Manoj Vaibhav Gems IPO, the shares will be allotted. Investors who applied for Manoj Vaibhav Gems IPO can check the status of their IPO allotment through the official website of the registrar (Bigshare Services Pvt Ltd).
As per the schedule, the allotment of Manoj Vaibhav Gems IPO will take place on October 3. The next day, the company will initiate refunds. Then Manoj Vaibhav Gems shares will be listed on the stock exchanges.
Categories: Finance
Source: vtt.edu.vn