Tag: vaibhav jewellers

Manoj Vaibhav Gems 'N' Jewellers' IPO was subscribed 13% on Day 1. Retail investors bought 25% of their allotted quota of shares and high networth individuals (HNIs) 5%. The company will use fresh issue proceeds for setting up eight showrooms, and the remaining for general corporate purposes.

Vaibhav Jewellers IPO is launching on September 22-26, with a price band of Rs 204-215 per share. The company has a strong track record of growth and is expanding its reach. The IPO is reasonably priced and offers investors an opportunity to invest in a growing business.

Andhra Pradesh-based jewellery retailer Manoj Vaibhav Gems N Jewellers will open its IPO on September 22. The IPO will consist of a fresh issue of Rs 210 crore and an offer-for-sale (OFS) of 28 lakh shares by the promoter. The company will use the proceeds from the IPO to establish eight new showrooms and for general corporate purposes. The IPO will be managed by Bajaj Capital and Elara Capital (India). The company's shares are expected to start trading on the BSE and NSE on October 6.