Open Date
22 Sep 2023
26 Sep 2023
69 shares
₹270.20 Cr
Lot Size
IPO Size
Listing At
BSE, NSE
Listing Date
Price Range
₹204 to ₹215
Close Date
Allotment Date
03 Oct 2023
06 Oct 2023
Manoj Vaibhav Gems 'N' Jewellers Limited, often known as Vaibhav Jewellers, is a regional jewelry company in South India that was established in 2003. The business sells jewelry made of gold, silver, and diamonds, as well as other items such precious stones, in retail stores and online. With an emphasis on both rural and urban markets, Vaibhav Jewellers' retail showrooms and website serve all economic segments of the micro markets of Andhra Pradesh and Telangana. The business positions itself as a retailer centered on "Relationships, by Design," where it emphasizes providing customers with designs, high-quality products, transparency, and customer service.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: To Finance the Establishment of the 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, General corporate purposes.
The book-running lead managers to the offer are: Bajaj Capital Ltd Elara Capital (India) Pvt Ltd
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.