
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
Overall Subscription
2.25x
Total Demand
QIB Multiplier
1.06x
Institutions & Funds
NII / HNI
5.18x
High Net-Worth
Retail (RII)
1.66x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,573,605 | 2,719,704 | 1.06x |
| NIB | 1,964,118 | 10,171,566 | 5.18x |
| HNIs(10L +) | 1,309,412 | 7,980,057 | 6.09x |
| HNIs (2-10L) | 654,706 | 2,191,509 | 3.35x |
| RETAIL | 4,582,941 | 7,614,357 | 1.66x |
| Total | 11,084,782 | 30,677,193 | 2.25x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 63,748 | 105,822 | 1.66x |
| HNIs (10L +) | 408 | 2,113 | 5.18x |
| HNIs (2-10L) | 1,951 | 10,106 | 5.18x |
| Total Applications | 66,107 | 118,041 | 1.79x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Manoj Vaibhav Gems N Jewellers Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹204 to ₹215 per equity share.
The retail lot size is 69 shares requiring a minimum application amount of ₹14,835. Expected listing price is ₹215 per equity share.
The Manoj Vaibhav Gems N Jewellers Limited IPO aggregate issue size is ₹270.2 Crores with an equity price band set at ₹204 to ₹215 per equity share. The retail lot size is 69 shares requiring a minimum capital outlay of approx. ₹14,835.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.25x (Retail: 1.66x, QIB: 1.06x, NII: 5.18x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Pvt Ltd) and the BSE status verification website on or around 2023-09-28. Investors can verify status using PAN card or application number.
Manoj Vaibhav Gems N Jewellers Limited shares are scheduled to list on NSE and BSE on 2023-10-03.