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Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail
Manoj Jewellers Limited, a distinguished name in the Indian jewellery sector, is poised to enter the capital markets with its Initial Public Offering (IPO) on the BSE SME platform. Established in Chennai, the company has built a reputation for crafting exquisite gold and diamond jewellery, catering to a diverse clientele. With a commitment to quality, innovation, and customer satisfaction, Manoj Jewellers aims to leverage the IPO proceeds to further its growth trajectory and enhance its market presence.
Company Overview
Manoj Jewellers Limited specializes in the retail and wholesale of jewellery and ornaments made from gold and diamonds, often embellished with precious and semi-precious stones. Their extensive product portfolio includes rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. The company is dedicated to providing high-quality and beautifully crafted jewellery, ensuring strict quality control procedures, timely delivery, and competitive pricing. Additionally, they emphasize offering a variety of regular designs and ensuring on-time delivery to their valued customers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail Details
| Detail | Description |
|---|---|
| IPO Date | May 5, 2025 to May 7, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹16.20 Cr) |
| Fresh Issue | 30,00,000 shares (aggregating up to ₹16.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 59,85,628 shares |
| Share Holding Post Issue | 89,85,628 shares |
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, May 5, 2025 |
| IPO Close Date | Wed, May 7, 2025 |
| Tentative Allotment | Thu, May 8, 2025 |
| Initiation of Refunds | Fri, May 9, 2025 |
| Credit of Shares to Demat | Fri, May 9, 2025 |
| Tentative Listing Date | Mon, May 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 7, 2025 |
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| HNI (Min) | 2 | 4000 | ₹2,16,000 |
Manoj Jewellers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.99% | 63.28% |
Competitive Strength:
- 1. Diverse Product Portfolio
- 2. Strong Regional Presence
- 3. Experienced Leadership
- 4. Customer-Centric Approach
- 5. Adaptation to E-commerce
Manoj Jewellers IPO Shaping the Future of Indian Jewellery Retail Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 34.68 | 42.97 | 3.77 | 13.57 | 18.82 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 26.22 | 43.38 | 3.24 | 9.8 | 15.38 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 12.99 | 13.64 | 0.62 | 6.56 | 5.67 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 15.18 | 6.76 | 0.36 | 2.43 | 12.01 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 39.63% |
| ROCE | 30.57% |
| Debt/Equity | 1.57 |
| RoNW | 33.08% |
| PAT Margin | 7.48 |
| Price to Book Value | 3.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.42 | 5.59 |
| P/E (x) | 9.97 | 9.66 |
Objectives of the IPO
Manoj Jewellers Limited aims to raise ₹16.20 crore through its Initial Public Offering (IPO) on the BSE SME platform. The primary objectives for this capital infusion are:
- Repayment/Prepayment of Borrowings: A significant portion of the funds will be allocated to reducing the company's existing debt, thereby strengthening its financial position.
- General Corporate Purposes: Utilizing funds for various corporate needs, including working capital requirements, operational expenses, and other strategic initiatives.
- Issue Expenses: Covering the costs associated with the IPO process, ensuring a smooth and compliant public offering.
Conclusion
Manoj Jewellers Limited's forthcoming IPO on the BSE SME platform presents an opportunity for investors to engage with a company that has demonstrated consistent growth and adaptability in the jewellery sector. With a strong regional presence in Chennai and a diverse product portfolio, the company has established itself as a trusted name among its clientele.
The IPO aims to raise ₹16.20 crore, with the primary objectives being the repayment or prepayment of certain borrowings, addressing general corporate purposes, and covering issue-related expenses. These strategic financial moves are expected to strengthen the company's balance sheet and provide the necessary capital to support its expansion plans.
Given the company's track record, experienced leadership, and clear objectives for the IPO proceeds, investors may find this offering to be a promising addition to their portfolios. However, as with any investment, it is crucial to conduct thorough due diligence and consider one's financial goals and risk tolerance before participating in the IPO.
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DRHP:
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- Kenrik Industries IPO: A Detailed Investment Analysis
Frequently asked Questions (FAQs )
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1. When is the Manoj Jewellers IPO scheduled to open and close?
The IPO is set to open on May 5, 2025, and will close on May 7, 2025.
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2. What is the price band and lot size for the IPO?
The issue is priced at ₹54 per share, with a lot size of 2,000 shares. The minimum investment required is ₹108,000.
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3. What is the total issue size of the IPO?
The IPO aims to raise ₹16.20 crore by offering 30,00,000 equity shares.
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4. When is the listing date for the Manoj Jewellers IPO?
The shares are expected to be listed on the BSE on May 12, 2025.
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5. Who are the promoters of Manoj Jewellers Limited?
The company is promoted by Mr. Manoj Kumar, Ms. Raj Kumari, Mr. Sunil Shantilal, and Ms. Shalu.
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6. How many shares are reserved for retail investors?
Out of the total issue, 14,24,000 shares (47.47%) are reserved for Retail Individual Investors (RIIs).
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7. What is the face value of each share?
Each equity share has a face value of ₹10.
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8. How can I apply for the Manoj Jewellers IPO?
Investors can apply through the ASBA (Application Supported by Blocked Amount) facility available in their bank accounts or via their stockbroker's platform. Ensure that your UPI ID is active and linked to your bank account for seamless processing.
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9. What is the face value of each share in the IPO?
The face value of each equity share is ₹10.
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10. How many shares are being offered in the IPO?
The IPO comprises a total of 30,00,000 equity shares.
