May 6, 2025
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What is the last grey market premium of Manoj Jewellers IPO?
Listing Review: Will update on listing.
Subscription status of Manoj Jewellers IPO
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Manoj Jewellers Limited IPO Price Rs. 54 Lot 2000 shares, Rs. 16.20 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 0.54 | 0.26 | 0.40 | 198 | |
| Note: The flow of applications has been slow even on the first day of subscriptions. Retail support is also slow |
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Manoj Jewellers Allotment Link:
What is the business of Manoj Jewellers?
Founded in 2007, Manoj Jewellers Limited is a Chennai-based company specializing in the retail of gold and diamond jewellery. The company is renowned for its diverse and high-quality collection of ornaments crafted from gold and diamonds, often accented with precious and semi-precious stones.
Core Offerings and Specialties
Manoj Jewellers is particularly recognized for its extensive range of 22KT gold jewellery, featuring both traditional and contemporary designs
In addition to gold ornaments, the company also offers:
- Silver Jewellery: Including earrings, rings, bracelets, pendants, and chains.
- Gold Coins: Available in various weights, including popular 8-gram options.
Quality Assurance
The company maintains rigorous quality control measures, ensuring each piece meets high standards of craftsmanship and purity. All products are BIS-hallmarked, providing customers with certified assurance of the gold and silver content. Manoj Jewellers is committed to:
- Timely delivery
- Competitive pricing
- Consistently updated designs
Retail Presence
Manoj Jewellers operates a retail showroom at: No. 59, NSC Bose Road, Sowcarpet, Chennai
As of April 28, 2025, the company employs a team of 14 dedicated professionals
Get more information about the company @ http://www.manojjewellerslimited.com/
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Manoj Jewellers IPO Details |
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| IPO opens on | 5 May 2025 |
| IPO closes on | 7 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3000000 Shares / Rs 16.20 Crore |
| * Fresh Issue | 3000000 Shares / Rs 16.20 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 152000 Shares |
| Net offer to Public | 2848000 Shares/ Rs 15.38 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 54 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| HNI (50%) | 1424000 | 7.69 |
| RII (50%) | 1424000 | 7.69 |
| Total Shares | 2848000 | 15.38 |
| Retail portion will be oversubscribed by |
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| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.108000 |
| Min HNI Application | 4000 Shares | Rs. 216000 |
Who are the Promoters of Manoj Jewellers?
S Manojkumar, Raj Kumari M, S Sunil and Shalu are the promoters of the company
What are the Objects of Manoj Jewellers IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
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Funding to meet working capital requirements
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 5 May 2025 |
| IPO Closes on | 7 May 2025 |
| IPO Allotment on | 8 May 2025 |
| Refund Initiation | 9 May 2025 |
| Credit of Shares | 9 May 2025 |
| Listing on | 12 May 2025 |
| Registered Office of the Company Manoj Jewellers Limited No. 59, NSC Bose Road, Sowcarpet, |
| Who is the Lead Manager of this IPO? Jawa Capital Services Pvt Ltd |
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Who is the Registrar to IPO? Skyline Financial Services Pvt Ltd |
Manoj Jewellers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
| Manoj Jewellers Financial Information | ||||
| Period Ended | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 34.68 | 26.22 | 12.99 | 15.18 |
| Revenue | 42.97 | 43.38 | 13.64 | 6.76 |
| Profit After Tax | 3.77 | 3.24 | 0.62 | 0.36 |
| Net Worth | 13.57 | 9.8 | 6.56 | 2.43 |
| Reserves and Surplus | 7.58 | 3.81 | 0.57 | 0.77 |
| Total Borrowing | 18.82 | 15.38 | 5.67 | 12.01 |
| Amount in Rs. Crore | ||||
| Key Performance Indicators | |
| KPI | Values |
| ROE | 39.63% |
| ROCE | 30.57% |
| Debt/Equity | 1.57 |
| RoNW | 33.08% |
| PAT Margin | 7.48 |
| Price to Book Value | 3.3 |
| EPS | Rs.5.42 |
| PE Ratio | 9.97 |
How Manoj Jewellers IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Manoj Jewellers | 9.96 | 33.08 |
| D. P. Abhushan | 51.73 | 25.91 |
| Moksh Ornaments | 11.41 | 10.92 |
| Shubhlaxmi Jewel | 13.65 | 5.63 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Manoj Jewellers IPO Review by Paresh Gordhandas, CA & Research Analyst.
Founded in 2007, Manoj Jewellers Limited is a Chennai-based company specializing in the retail of gold and diamond jewellery. The company is renowned for its diverse and high-quality collection of ornaments crafted from gold and diamonds, often accented with precious and semi-precious stones. The comapny deals in gold jewellery, Silver jewellery, Gold coins. It has a show room in Kolkatta.
In the year prior to the IPO, the company has shown sharp rise in its profits and that is the reason for high EPS and low PE ratio. Jewellery making business has nothing novelty and it has become highly competitive. The competition has increased from corporate jewellers like Tanishq, Indriya etc.
+ from fundamental angle: So-so
+ from grey market angle: So-so
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