Manoj Vaibhav Gems N Jewellers Limited
IPO Details
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Manoj Vaibhav Gems N Jewellers Limited's achieved publicly listed status following its IPO debut on Oct 03, 2023 at the NSE, BSE platform. The offering successfully mobilized 1,25,67,442 Shares, with 97,67,442 Shares allocated to corporate growth initiatives and ₹60.20 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹204 to ₹215, starting from minimum lots of 69 shares. The subscription window from Sep 22, 2023 through Sep 26, 2023 enabled investor participation across market segments.
Share allocation was completed on Sep 28, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited (Vaibhav Jewellers) is a South India–based regional jewellery brand offering gold, silver, diamond jewellery, gemstones and other products through retail stores and online. The brand caters to customers across rural and urban markets in Andhra Pradesh and Telangana. Vaibhav Jewellers focuses on design, quality, transparency and customer relationships. The company currently operates 13 showrooms (including 2 franchisee stores) across 8 towns and 2 cities in the region.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Grandhi Bharata Mallika Ratna Kumari (HUF)
- Bharata Mallika Ratna Kumari Grandhi
- Grandhi Sai Keerthana
Manoj Vaibhav Gems N Jewellers Limited
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