Manoj Jewellers IPO: Date, Price And GMP

Manoj Jewellers IPO- Complete Overview

Manoj Jewellers IPO under the SME IPO category is a fixed price issue of Rs. 16.20 Cr by Manoj Jewellers Limited. The company focuses on providing retail ornaments and jewellery made of gold, diamonds, and other semi-precious gemstones, and was established in 2007.

Jewellers in India specialise in gold jewellery, including earrings, rings, necklaces, pendants, and bracelets, and also boast of having the richest collections.

Reasonable price strategy, BIS hallmarked jewellery and mark for gold ensures that the company controls gems and precious metal costs. These set forth policies expecting designs will be regular enough to ensure timely delivery.

The company boasts of dealing with rings, earrings, pendants, bracelets, bangles, necklaces, wedding jewellery and a variety of other items.

Products involved: 

• BIS Hallmarking: Every piece of jewelry has received BIS certification, attesting to the authenticity and purity of gold and silver goods.

• Gold jewelry

• Silver pendants, chains, bracelets, rings, and earrings.
  
  

Manoj Jewellers IPO Overview

The Manoj Jewellers IPO date is on 05 May 2025, and its initial public offering will end on 07 May 2025. 

The Rs. 16.20 crore new SME IPO comprises a fresh issue of 30 lac Shares. 

This upcoming IPO is available for subscription from May 05 to 07 May 2025. Manoj Jewellers IPO price is Rs. 54 for each Share. 

The expected Manoj Jewellers IPO listing date is May 12, 2025, and listing at the BSE and SME.

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Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Revenue Bifurcation

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Prepayment or payback of some of the company's borrowed funds.

• General corporate purposes.

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Peers of Manoj Jewellers Ltd.

 

Evaluation

The Manoj Jewellers Limited IPO price is Rs. 54 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 5.42 from the last year, the resulting P/E ratio is 9.96x.

Considering the weighted EPS of Rs. 3.21 for the last three years, the P/E ratio is 16.82x.

 

Explore Wagons Learning IPO.

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 25.60.

In simple words, the P/E ratio of this IPO (9.96x), compared with the industry’s average P/E of 25.60x, has an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Wide range of products.

• Experience of the promoters and senior management team.

• Customer satisfaction.

• Quality assurance.

 

IPO’s Weaknesses

• The profitability of the company is sensitive to fluctuations in gold and diamond prices since they constitute a sizeable amount of inventory and raw materials. Any abrupt or immediate changes in these rates would impact consumer demand, cost structures, and margins adversely.

• The company primarily operates in Tamil Nadu, especially in Chennai, and has a regional concentration, which sometimes exposes it to disruptions in the vicinity, such as slowdowns in the local economy or regulations caused or imposed from above, or sometimes an absence of its critical facilities resulting from above-natural catastrophes.

• The business is steeped in brand perceptions and marketing. Its failure to maintain brand value, present something attractive in design, or run advertising campaigns that engender goodwill could result in loss of customer retention and sales.
  
  

Manoj Jewellers IPO GMP

Manoj Jewellers IPO GMP is Rs. 0 as of 01 May 2025. Hence, its estimated listing price is Rs. 54.

IPO Timetable (Tentative)

The Manoj IPO date of subscription is May 05 to May 07, 2025, allotment on May 08, refund initiation on May 09, and listing on May 12, 2025.

 

Manoj Jewellers IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 30,00,000 Shares (Rs. 16.20 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs. 1,08,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs. 2,16,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Manoj Jewellers Ltd.

• S Manojkumar

• Raj Kumari M

• S Sunil

• Shalu.
  
  

 

IPO Lead Managers

• Jawa Capital Services Private Limited.
  
  

Dividend Policy

The company hasn’t paid a dividend in the last three fiscal years. 

Conclusion

The Manoj Jewellers IPO provides an investment opportunity for IPO participation. Considering valuations and other factors, the P/E ratio is lower than the industry averages, thus helping the value investors with the offering of a wide range of BIS-certified jewellery. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.