
Retail & Consumer Goods · NSE / BSE
Incorporated in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Limited (Vaibhav Jewellers) is a South India–based regional jewellery brand offering gold, silver, diamond jewellery, gemstones and other products through retail stores and online. The brand caters to customers across rural and urban markets in Andhra Pradesh and Telangana. Vaibhav Jewellers focuses on design, quality, transparency and customer relationships. The company currently operates 13 showrooms (including 2 franchisee stores) across 8 towns and 2 cities in the region.
Price Band
₹204 – ₹215
Issue Size
₹270 Cr
Lot Size
69 shares
GMP
Est. Listing
₹215
at current GMP
Subscribed
2.25x
overall
Open
22 Sep 2023
Close
26 Sep 2023
Allotment
28 Sep 2023
Refund
29 Sep 2023
Demat Credit
30 Sep 2023
Listing
3 Oct 2023
Designated Registrar: Bigshare Services Pvt Ltd
Allotment Date
28 Sep 2023
Basis finalization
Refunds Initiate
29 Sep 2023
Mandate release
Demat Credit
30 Sep 2023
Shares in demat
Listing Debut
3 Oct 2023
Trading begins
Manoj Vaibhav Gems N Jewellers Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹270.2 Crores. The shares are offered at a price band of ₹204 to ₹215 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 69 shares (approx. ₹14,835 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-30, while un-allotted funds or UPI block mandates will be released on 2023-09-29.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.