Manoj Vaibhav Gems IPO

Manoj Vaibhav Gems 'N' Jewellers Limited

₹14,076 /69 sharesMinimum Investment

Manoj Vaibhav Gems IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
22 Sep ‘23 - 26 Sep ‘23₹14,07669₹204 - ₹215
Issue SizeIPO Doc
270.20Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers1.06x
Non-Institutional Investor5.18x
Retail Individual Investor1.66x
Employees0.00x
Total2.25x

About Manoj Vaibhav Gems

Manoj Vaibhav Gems is a regional jewelry brand situated in South India. With a foothold in the micro-markets of Andhra Pradesh and Telangana, the company operates 13 showrooms, inclusive of two franchisee establishments, spread across eight towns and two cities. The company accounts for approximately 4% of the overall jewelry market in Andhra Pradesh and Telangana and a 10% share in the organized sector within these two states as of FY2023. The company’s primary focus lies in exploring high-growth, untapped regions within the micro-markets of Andhra Pradesh and Telangana. ;
Founded in
1989
Managing director
Bharata Mallika Ratna Kumari Grandhi
Parent organisation
Manoj Vaibhav Gems 'N' Jewellers Limited

Strengths & Financials of Manoj Vaibhav Gems

Strengths
Risks
Manoj Vaibhav Gems has a presence spanning nearly three decades, with a focus on the micro markets of Andhra Pradesh and Telangana.
One of the company's strengths lies in its enduring relationships with suppliers and job workers, some of whom have been partners for over 15 years.
Dedicated efforts have been invested in nurturing and promoting the company's brand over the years. This commitment has involved a range of promotional activities, marketing initiatives, collaborations with brand ambassadors, participation in exhibitions, and engagement in conferences to bolster brand recognition and reputation.
In alignment with its commitment to the local community, the company prioritizes hiring local talent. This strategic approach ensures a strong connection with the local public and community, preserving the essence of local sentiments at the point of sale.
The company has been the first movers in the organized jewelry business in Andhra Pradesh.
Ineffectively managing or expanding the retail network and operations and pursuing growth strategies may hinder the company's new showrooms from achieving expected profitability levels, potentially harming its business prospects.
High costs or non-availability of quality gold bullion, silver, diamonds, and other precious and semi-precious stones could adversely impact the company's financial condition
The company, its promoters, and its directors are involved in legal proceedings without provisions made for potential liabilities in financial statements. Adverse decisions in these proceedings could result in significant liabilities and penalties, impacting business and operational results.
The company faces competition from other jewelry retailers operating in a competitive market. Increased competition could negatively affect its business and financial condition.
Failure to effectively manage inventory could adversely affect net sales, profitability, cash flow, and liquidity.
The company experienced negative cash flow during certain fiscal years, indicating financial instability and potential difficulties in meeting financial obligations.

Manoj Vaibhav Gems Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Manoj Vaibhav Gems IPO

Apply asPrice bandApply upto
Regular204 - 215₹2 Lakh
High Networth Individual204 - 215₹2 - 5 Lakh
For Manoj Vaibhav Gems IPO, eligible investors can apply as Regular.