The IPO of Manoj Vaibhav Gems ‘N’ Jewellers is a book-built issuance worth Rs 270.20 crores. The offering consists of a fresh issue of 0.98 crore shares worth Rs 210.00 crores and an offer for sale of 0.28 crore shares worth Rs 60.20 crores.
The subscription period for Manoj Vaibhav Gems ‘N’ Jewellers IPO begins on September 22, 2023 and ends on September 26, 2023. The Manoj Vaibhav Gems ‘N’ Jewellers IPO allotment is slated to be completed on Tuesday, October 3, 2023. Manoj Vaibhav Gems ‘N’ Jewellers IPO will be listed on the BSE and NSE on Friday, October 6, 2023.
The IPO price range for Manoj Vaibhav Gems ‘N’ Jewellers is set at 204 to 215 per share. An application requires a minimum lot size of 69 Shares. Retail investors must make a minimum investment of $14,835. The minimum lot size for sNII is 14 lots (966 shares), which equals 207,690, and for bNII, it is 68 lots (4,692 shares), which equals 1,008,780.
Manoj Vaibhav Gems ‘N’ Jewellers IPO Details
| IPO Date | September 22, 2023 to September 26, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 204 to Rs 215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 12,567,442 shares (aggregating up to Rs 270.20 Cr) |
| Fresh Issue | 9,767,442 shares (aggregating up to Rs 210.00 Cr) |
| Offer for Sale | 2,800,000 shares of Rs 10 (aggregating up to ₹60.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 39,080,000 |
| Share holding post issue | 48,847,442 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Timeline
| IPO Open Date | Friday, September 22, 2023 |
| IPO Close Date | Tuesday, September 26, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2023 |
Manoj Vaibhav Gems ‘N’ Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | Rs 14,835 |
| Retail (Max) | 13 | 897 | Rs 192,855 |
| S-HNI (Min) | 14 | 966 | Rs 207,690 |
| S-HNI (Max) | 67 | 4,623 | Rs 993,945 |
| B-HNI (Min) | 68 | 4,692 | Rs 1,008,780 |
