22 Sep 2023
26 Sep 2023
₹204 to ₹215
03 Oct 2023
06 Oct 2023
Manoj Vaibhav Gems 'N' Jewellers Limited, often known as Vaibhav Jewellers, is a regional jewelry company in South India that was established in 2003. The business sells jewelry made of gold, silver, and diamonds, as well as other items such precious stones, in retail stores and online. With an emphasis on both rural and urban markets, Vaibhav Jewellers' retail showrooms and website serve all economic segments of the micro markets of Andhra Pradesh and Telangana. The business positions itself as a retailer centered on "Relationships, by Design," where it emphasizes providing customers with designs, high-quality products, transparency, and customer service.
The company intends to utilize the net proceeds from the issue towards the funding of 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.
The book-running lead managers to the offer are: Bajaj Capital Ltd Elara Capital (India) Pvt Ltd
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