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Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Manoj Vaibhav Gems 'N' Jewellers Ltd IPO

Registered Office: 47-15-8 V-Square Zone-A,OppTSR Complex Station Road , Visakhapatnam - 530016 , Andhra Pradesh , India.
Phone : 91-89-1663 7777   Fax:
Email :  cs@vaibhavjewellers.com  
Website :  www.vaibhavjewellers.com
Initial public offering of up to 12,567,441 equity shares of face value of (Rs)10 each ("Equity Shares") of the company for cash at a price of (Rs)215 per equity share (including a share premium of (Rs)205 per equity share) ("Offer Price") aggregating up to (Rs)270.20 crores (the "Offer") comprising a fresh issue of up to 9,767,441 equity shares aggregating up to (Rs)210.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 2,800,000 equity shares aggregating up to (Rs)60.20 crores by Grandhi Bharata Mallika Ratna Kumari (huf) (promoter selling shareholder) and such offer for sale of equity shares by the promoter selling shareholder, the "Offer for Sale"). The offer would constitute 25.73% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of basis allotment

Issue Money Payable On
Opens On Closes On Application Allotment
22-Sep-23 26-Sep-23 (Rs)215.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :69  Further Multiples of :69

  (Rs Cr) Lead Managers to the Issue
Project Cost 189.34
Bajaj Capital Ltd
Project Financed through Current Offer 270.20  
Post Issue Equity Share Capital 48.85  
Issue Price (Rs)215.00  
 
Projects
Estimated capital expenditure cost for the proposed eight (8) new showroomsGeneral corporate purposes
Estimated inventory cost for new showrooms proposed to be opened
Promoted By
Grandhi Bharata Mallika Kumari  
Bharata Mallika Ratna Kumari G  
Grandhi Sai Keerthana  
Listing At
BSE 
NSE 
Registrar to the Issue
Bigshare Services Pvt Ltd