Manoj Jewellers IPO - Day 3 Subscription at 0.90 Times

Manoj Jewellers's initial public offering (IPO) has shown progress through its three-day subscription period. The ₹16.20 crore IPO has witnessed demand, with subscription rates opening at 0.40 times on day one, increasing to 0.69 times on day two, and reaching 0.90 times by 12:49:35 PM on the final day, demonstrating investor interest in this retail business of various jewellery and ornaments made out of gold and diamonds studded with precious and semiprecious stones.

Manoj Jewellers IPO non-institutional investors segment leads with 1.07 times subscription, while retail investors show interest at 0.72 times, reflecting investor confidence in this company that offers a wide range of gold jewellery including items such as earrings, rings, necklaces, bracelets, and pendants.
 

Subscription Status of Manoj Jewellers IPO:

Here are the subscription details for Manoj Jewellers IPO as of Day 3 (May 7, 2025, 12:49:35 PM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 3:

• Overall subscription reaching 0.90 times, showing moderate investor interest
• NII segment showing demand at 1.07 times, up from day two's 0.85 times
• Retail investors demonstrating interest at 0.72 times, up from day two's 0.53 times
• Total applications reaching 661, indicating investor participation
• Cumulative bid amount reaching ₹13.78 crores
• NII category showing oversubscription, reflecting confidence in this segment

Manoj Jewellers IPO - Day 2 Subscription at 0.69 Times

Key Highlights:

• Overall subscription increased to 0.69 times, showing growth from day one
• NII segment showing improved demand at 0.85 times, up from day one's 0.54 times
• Retail investors showing increased interest at 0.53 times, up from day one's 0.26 times
• Day two momentum indicating growing investor interest
• Second day setting stage for final day subscription levels

Manoj Jewellers IPO - Day 1 Subscription at 0.40 Times

Key Highlights:

• Overall subscription opening at 0.40 times, showing initial interest
• NII segment beginning at 0.54 times, indicating interest from high net-worth investors
• Retail investors showing initial interest at 0.26 times
• Opening day demonstrating moderate investor engagement across categories
• Initial momentum reflecting assessment of retail jewellery sector opportunity

About Manoj Jewellers Limited

Incorporated in 2007, Manoj Jewellers Limited is engaged in the retail business of various jewellery and ornaments made out of gold and diamonds studded with precious and semiprecious stones. They are particularly known for their wide range of gold jewellery that includes items such as earrings, rings, necklaces, bracelets, and pendants.

The company ensures product quality through strict procedures, timely delivery, and competitive prices. It offers regular designs, guarantees on-time delivery, and BIS hallmarked jewellery for customer confidence in purity. The company operates a showroom at No. 59, NSC Bose Road, Sowcarpet, Chennai.

Financial performance shows growth with revenue increasing from ₹6.76 crores in FY2022 to ₹43.38 crores in FY2024, while profit after tax rose from ₹0.36 crores to ₹3.24 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹42.97 crores with PAT of ₹3.77 crores. As of April 28, 2025, the company has 14 employees. The company maintains strong profitability metrics with 39.63% ROE, 30.57% ROCE, and 33.08% RoNW, while operating with a debt-to-equity ratio of 1.57.

Highlights of the Manoj Jewellers IPO:

• IPO type: Fixed Price IPO
• IPO size: ₹16.20 crores
• Fresh Issue: 30.00 lakh shares
• Face value: ₹10 per share
• Issue price: ₹54 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,08,000
• Minimum investment for HNI: ₹2,16,000 (2 lots)
• Market maker reservation: 1,52,000 shares
• Listing at: BSE SME
• IPO opens: May 5, 2025
• IPO closes: May 7, 2025
• Allotment date: May 8, 2025
• Listing date: May 12, 2025