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Manoj Vaibhav Gems IPO

Manoj Vaibhav Gems ‘N’ Jewellers, usually referred to as Vaibhav Jewellers, is a regional jewellery company in South India that was founded in 2003. The business sells jewellery made of gold, jewels, platinum, silver, and other precious metals, as well as other jewellery items, in retail showrooms and online.

Through dedicated branded showrooms, Manoj Vaibhav Gems serves all economic segments of the micro markets in Andhra Pradesh and Telangana. The company has strong rural market focus as well as a devoted urban focus. The business is a hyperlocal jewellery retail chain with 13 showrooms (including two franchisee showrooms) spread across 8 towns and 2 cities. It is active in the micro markets of Andhra Pradesh and Telangana.

In FY 2022, the revenue from operations was INR 1,693.92 crores. The revenues have grown at a CAGR of 15.08% from FY 2020 till FY 2022. The revenue per retail showroom for FY 2022 was INR 141.16 crore and EBITDA per retail showroom was INR 8.75 crore.

Manoj Vaibhav Gems IPO Details

Signature Global IPO Details
Manoj Vaibhav Gems IPO Dates
22 – 26 August 2023
Manoj Vaibhav Gems IPO Price
INR 204 – 215 per share
Fresh issue
INR 210 crores
Offer For Sale
2,800,000 shares INR 57.12 – 60.20 crore
Total IPO Size
INR 267.12 – 270.20 crore
Minimum bid (size)
69 shares INR 14,835
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
BSE, NSE

Manoj Vaibhav Gems Financial Performance

Signature Global Financial Performance

FY20

FY21

FY22

Revenue

1,279.13

1,433.57

1,693.92

Expenses

1,251.03

1,404.12

1,639.29

Net income

24.19

20.91

43.87

Margin (%)

1.89

1.46

2.60

Figures in INR Crore unless specified otherwise

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