Manoj Vaibhav Gems 'N' Jewellers Limited IPO
Manoj Vaibhav Gems 'N' Jewellers IPO is a book built issue of Rs 270.20 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to Rs 210.00 crores and offer for sale of 0.28 crore shares aggregating to Rs 60.20 crores.
Manoj Vaibhav Gems 'N' Jewellers IPO opens for subscription on September 22, 2023 and closes on September 26, 2023. The allotment for the Manoj Vaibhav Gems 'N' Jewellers IPO is expected to be finalized on Tuesday, October 3, 2023. Manoj Vaibhav Gems 'N' Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Friday, October 6, 2023.
Manoj Vaibhav Gems 'N' Jewellers IPO price band is set at ₹204 to ₹215 per share. The minimum lot size for an application is 69 Shares. The minimum amount of investment required by retail investors is ₹14,835. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹207,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹1,008,780.
Bajaj Capital Limited and Elara Capital (India) Private Limited are the book running lead managers of the Manoj Vaibhav Gems 'N' Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Objects of the Issue (Manoj Vaibhav Gems 'N' Jewellers IPO Objectives)
The Net Proceeds from the Fresh Issue are proposed to be utilized towards 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.
HSL Mobile App 
