Manoj Vaibhav Gems 'N' Jewellers IPO Details

Open Date

22 Sep 2023

26 Sep 2023


₹270.20 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹204 to ₹215

Close Date

Allotment Date

03 Oct 2023

06 Oct 2023

IPO Details

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.

About the Company

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

Book Runners

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