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Manoj Jewellers IPO
Manoj Jewellers Ltd
₹1,08,000 /2000 sharesMinimum Investment
Manoj Jewellers IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹54.00 | ₹53.95 | -₹0.05 (0.09%) |
Manoj Jewellers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 5 May ‘25 - 7 May ‘25 | ₹1,08,000 | 2,000 | ₹54 - ₹54 |
| Issue Size | IPO Doc |
|---|---|
| 16.20Cr | RHP PDF |
Subscription rate
As of 07 May'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 1.38x |
| Retail Individual Investor | 0.99x |
| Total | 1.12x |
About Manoj Jewellers
Founded in
2007
Managing director
Mr Manoj Kumar
Parent organisation
Manoj Jewellers Ltd
Strengths & Financials of Manoj Jewellers
Strengths
Risks
Manoj Jewellers offers a wide range of jewellery, from value-focused options to high-end, customised pieces, which they claim enables them to cater to diverse customer segments. Their portfolio includes traditional, contemporary, and combination designs across various price points. The company also claims to have access to a broad network of independent manufacturers across India, which allows them to offer a variety of styles that reflect regional customer preferences.
Manoj Jewellers claims to maintain strict quality control procedures and offers products with guaranteed timely delivery and competitive prices. They also claim that their gold jewellery is hallmarked by a BIS-recognised Assaying and Hallmarking Centre, providing added confidence in the purity of their products.
The company has experienced consistent growth in revenue from operations and profit after tax (PAT) over the past three fiscal years. Revenue from operations increased from Rs 6.75 crore in FY22 to Rs 13.63 crore in FY23 and Rs 43.35 crore in FY24. The company’s PAT also increased from Rs 0.36 crore in FY22 to Rs 0.62 crore in FY23 and Rs 3.24 crore in FY24.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings, including tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company’s operations are exposed to fluctuations in the prices of gold, diamonds, and other precious stones. Any sharp increase in input prices without a proportionate rise in consumer demand may lead to lower volumes or inventory pile up, thereby adversely affecting the company’s revenue and margin.
Manoj Jewellers’ showrooms are located in Chennai, Tamil Nadu, and the company conducts its procurement and sales activities primarily within the state. Any adverse political, social, or economic developments in this region can negatively impact the company’s business, financial condition, and operational performance.
The company relies heavily on its top five suppliers for the procurement of products. They accounted for 74.80 percent, 64.82 percent, 38.24 percent, and 72.97 percent of total purchases in the nine months ended December 31, 2024, FY24, FY23, and FY22, respectively. Any disruption in the supply chain, loss of a key supplier, or failure to maintain relationships with these suppliers could negatively affect the company’s ability to source essential materials, which in turn could impact production and revenue generation.
The company reported negative cash flow from operating activities amounting to Rs 5.90 crore in FY24 and Rs 4.99 crore in the nine months ended December 31, 2024. Additionally, negative cash flow from investing activities amounted to Rs 0.39 crore in FY24 and Rs 0.35 crore in the nine months ended December 31, 2024. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of March 24, 2025, Manoj Jewellers had outstanding financial indebtedness of Rs 18.72 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Manoj Jewellers Financials
*All values are in Rs. Cr
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Application Details of Manoj Jewellers IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹54 - 54 | ₹2 - 5 Lakh |
| High Networth Individual | ₹54 - 54 | ₹2 - 5 Lakh |
For Manoj Jewellers IPO, eligible investors can apply as Regular.