Manoj Vaibhav Gems IPO Allotment Status Allotment Status for Manoj Vaibhav Gems IPO i.e. Initial Public Offering will be publish on 27th September 2023. Investors who pay a subscription to IPO between 22 and 26 September 2023 acknowledge that to check the allotment status it is mandatory to have any of these credentials- Application/CAF Number, PAN Number or Beneficiary ID, so be prepare with any of them.
Manoj Vaibhav Gems IPO Allotment Status
The allotment status for the Manoj Vaibhav Gems IPO, which unfasten on September 22, 2023, and closed on September 26, 2023, is eagerly expect by investors. With an IPO size of approximately ₹270 crores, including a fresh matter of around ₹210 crores, investors are keen to know if they will be allocate shares in this offering. The basis of allotment is set for September 27, 2023, those who pay a subscription will be able to check the allotment status by visiting the site of Bigshare Services Pvt. Ltd.
Manoj Vaibhav Gems IPO opens with a face value of ₹10 per equity share & a price band of ₹204 to ₹215 per share, the allotment process is design to ensure a fair distribution of portion. The retail quota constitutes 35% of the total offering, QIB (Qualify Institutional Buyer) quota was set at 50% & the NII (Non-Institutional Investor) quota stood at 15%. Only those shares are gonna be allocate to investors which were pay a subscription prior to oversubscription.
Manoj Vaibhav Jwellers Gems IPO GMP Objective
The returns from the new value shares under the Manoj Vaibhav Diamonds N Initial public offering GMP will be utilized basically for setting up 8 new display areas proposed in FY 2023-24 and FY 2024-25. It is assessed that Rs 172 crore will be spent on these display areas. After this, the leftover cash from the new issue will be utilized for general corporate purposes.
Manoj Vaibhav Gems IPO Allotment Status Overview
| IPO Subscription |
September 22 to 26, 2023 |
| IPO Size |
₹270 Crores (Approximately) |
| Fresh Issue |
₹210 Crores (Approximately) |
| Number of Shares |
2,800,000 |
| Face Value |
₹10 Per Equity Share |
| Price Band |
₹204 to ₹215 Per Share |
| Website |
Click Here |
| Allotment |
September 22, 2023 |
| Refund & Credit to Demat Account |
September 29, 2023 |
| Listing Data |
October 03, 2023 |
Vaibhav Global IPO Price
The part size of 69 offers has been fix for Manoj Vaibhav Jewels Initial public offering. Along these lines, to wager on this Initial public offering you will require Rs 14,835. Retail financial backers can offer for a limit of 13 parcels in the Initial public offering. Under this issue, 50% offers have been save for Qualify Institutional Purchasers (QIB), while 15% offers have been hold for NII and 35 percent shares have been hold for retail financial backers.
Manoj Vaibhav Jewels Initial public offering can be bay in between 22-26 September. The allocation of portions of the organization is suppose to be finish by October 3, 2023. Portions of the organization can be kept in the demat record of effective bidders by October 5, 2023, posting of the organization’s portions can occur on October 6, 2023.
How to check the Manoj Vaibhav Gems ‘N’ Jewellers IPO Allotment Status?
To check the assignment status for First sale of stock of the Manoj Vaibhav Diamonds ‘N’ Gem specialists shares, an individual bought into Initial public offering should go through the bit by bit guidelines beneath.
- Go to the official web portal of Bigshare Services Pvt. Ltd., which is accessible only at bigshareonline.com.
- Lookout for an choice that reads ‘IPO Allotment Status’ and hit on it to get turn to the next webpage.
- You have three options- Server I, Server II & Server III, tap on the respective one and go to the next page.
- Choose the Company as ‘Manoj Vaibhav Gems ‘N’ Jewellers’, select Type as Application/CAF Number, PAN Number or Beneficiary ID and enter the value & then hit the Search button after filling the Captcha code in the field need.
Manoj Vaibhav Gems & Jewelers Ltd
Vaibhav Jewelers Gems N Private Ltd is a main provincial gems brand in South India. It has greatest branches in Andhra Pradesh and Telangana. By and by the reins of this brand are with Bharat Mallika Ratna Kumari Grandhi and her little girl Grandhi Sai Keertana. The organization’s net benefit developed at a CAGR of 85.81 percent to Rs 71.6 crore in FY 2022-23. The brand’s EBITDA during the said period developed to Rs 143 crore, enlisting a CAGR development of 43.42 percent, while edge extension expanded from 4.85 percent in FY 2020-21 to 7.06 percent in FY 2022-23.
Manoj Vaibhav Gems n Jewelers Ltd
Vaibhav Jewelers Gems N Private Ltd is a leading regional jewelry brand in South India. It has maximum branches in Andhra Pradesh and Telangana. Presently the reins of this brand are with Bharat Mallika Ratna Kumari Grandhi and her daughter Grandhi Sai Keertana. The company’s net profit grew at a CAGR of 85.81 percent to Rs 71.6 crore in FY 2022-23. The brand’s EBITDA during the said period grew to Rs 143 crore, registering a CAGR growth of 43.42 percent, while margin expansion increased from 4.85 percent in FY 2020-21 to 7.06 percent in FY 2022-23.
Manoj Vaibhav IPO GMP Details
Vaibhav Jewelers is a leading regional jewelry brand in South India. It has greatest branches in Andhra Pradesh and Telangana. By and by the reins of this brand are with Bharat Mallika Ratna Kumari Grandhi and her little girl Grandhi Sai Keertana. The hyperlocal jewelery corporate store has recorded 18.92 percent CAGR development in income from activities during FY 2020-21 to FY 2022-23 to Rs 2,027.34 crore in FY 2022-23.
- Manoj Jwellers IPO Start From 22nd to 26th September
- Price Band- Rs 204 to Rs 215 per share
- Lot Size- 69 shares
- Issue size- Rs 270.20 crore
- Minimum investment- Rs 14,835
Deen Dayal Upadhyaya Statue
What if the Manoj Vaibhav Gems IPO Share(s) is not allocated?
If an investor’s shares in the Manoj Vaibhav Gems IPO are not allocated, it means he or she was not able to secure any shares in the initial allotment process, which opened on 22nd September 2023. There can be multiple reasons for non-allocation, it can be because of oversubscription of the IPO. Investors who won’t be allocated any shares will receive a refund for the amount they applied for in the IPO. The refund is typically credited to the bank account linked to the investor’s application on September 29, 2023.
Manoj Vaibhav Gems IPO Listing Date
Bajaj Capital and Elara Capital (India) are the vendor financiers for Vaibhav Gem specialists’ Initial public offering, while BigShare Administrations is the recorder for the deal. The brand will finish the premise of designation of Initial public offering imparts by October 3 in counsel to BSE and will credit the value partakes in the demat records of effective financial backers by October 5. Discounts will be stor in the ledgers of fruitless financial backers by October 4. The posting of the brand’s value shares on BSE and NSE will happen on October 6.
What after the Manoj Vaibhav Gems IPO Basis of Allotment?
Basis of allotment for the Manoj Vaibhav Gems IPO will take place on 27th September 2023, investors who will be allotted the applied shares must know that it will be credited to his or her demat account on the 29th September 2023, which is also the refund release date for oversubscribed shares, the listing of the company on the Bombay Stock Exchange and the National Stock Exchange will take place on October 03, 2023.
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Ques & Ans Related to Manoj Vaibhav Gems IPO Allotment Status
What is Manoj Vaibhav IPO GMP Today price?
Manoj Vaibhav IPO GMP Today price is Starts from Rs 204 to 215.
Who is founder of Vaibhav Jwellers?
Grandhi Manoj Kumar is the founder of Vaibhav Jwellers.
How do I know if my IPO is allot to me?
The registrar of the IPO finishes and confirms allotment of the to successful bidders. The IPO allotment status can be check via the website of the registrar. It can also be check on the websites of the NSE or the BSE.