Manoj Jewellers IPO: Check Subscription Status, GMP, Price Band And Other Details

The initial public offering (IPO) of Manoj Jewellers Ltd. opened for subscription on Monday, May 5. The company specialises in the retail of gold and diamond jewellery, as well as ornaments studded with precious and semi-precious stones. The Chennai-based company aims to raise Rs 16.2 crore from the primary market through its public offer.

Those interested in investing can take a look at the details below before making any decisions regarding this BSE SME IPO.

Manoj Jewellers IPO is an entirely fresh issue of 30 lakh shares with no offer-for-sale (OFS) portion. The IPO price has been fixed at Rs 54 per share.

Investors can bid for a minimum of 2,000 shares and in multiples thereof. For retail investors, the minimum bid size is at least a single lot of 2,000 shares, amounting to an investment of Rs 1,08,000. For High Net-Worth Individuals (HNIs), the minimum investment is two lots, or 4,000 shares, aggregating to Rs 2,16,000.

The company has reserved 50% of the net issue for retail investors and the remaining 50% for institutional investors.

For the Manoj Jewellers IPO, Jawa Capital Services Pvt. Ltd. is the book-running lead manager. While Skyline Financial Services Pvt. Ltd. is the registrar, Shreni Shares Ltd. is the market maker for the issue.

Manoj Jewellers IPO subscription window is scheduled to close on Wednesday, May 7. The IPO share allotment status is expected to be finalised on Thursday, May 8. This will be followed by the initiation of refunds to unsuccessful investors on Friday, May 9. The company will also transfer shares to the Demat accounts of successful bidders on the same day.

The IPO listing date has been tentatively fixed as May 12. Shares of Manoj Jewellers Ltd. will be listed on the BSE SME platform on Monday, May 12.

Manoj Jewellers IPO has been subscribed 0.05 times as of 10:41 a.m. on Monday.

• Non-Institutional Investors: 0.04 times

• Retail Investors: 0.06 times

*The subscription status will be updated at regular intervals

The latest GMP for the Manoj Jewellers IPO stood at Rs 0, as of 10:00 a.m. on May 5, according to Investorgain. With the IPO’s price band set at Rs 54, the estimated listing price for the issue is Rs 54 (the cap price plus today's GMP). This results in a percentage change of 0% per share.

Note: GMP is not an official source of data and is based on speculation.

Manoj Jewellers Ltd., founded in 2007, is known for its extensive collection of gold jewellery, including earrings, rings, necklaces, bracelets and pendants. The company offers a range of regular designs, BIS hallmarked jewellery and on-time delivery. In addition to rings, earrings, and pendants, the company also offers bangles, bracelets, necklaces and wedding jewellery. Their showroom is located in Chennai.

The net proceeds from the Manoj Jewellers IPO will be allocated towards two main objectives. Firstly, a portion of the funds will be used for the repayment or prepayment of certain borrowings acquired by the company. The remaining portion will be directed towards general corporate purposes.

Manoj Jewellers Ltd.’s financial performance shows growth over recent periods. In FY25, the company reported a revenue of Rs 42.97 crore and a profit after tax (PAT) of Rs 3.77 crore for the period ending Dec. 31, 2024.

For the year ending March 31, 2024, the company’s revenue stood at Rs 43.38 crore and PAT was Rs 3.24 crore. For the financial year ended March 31, 2023, Manoj Jewellers Ltd.’s revenue stood at Rs 13.64 crore and net profit at Rs 62 lakh.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.