Manoj Jewellers IPO listed at ₹53.95 on the BSE SME platform on May 12, marking a flat debut with a slight discount of 0.09% to the issue price of ₹54.
Manoj Jewellers IPO saw strong subscription, with a total subscription of 9 times. Non-Institutional Buyers (NIBs) subscribed 7.28 times, while Retail Investors subscribed 10.73 times. The total amount raised from the IPO was ₹123.67 crore, with 22,16,000 shares offered and 1,99,46,000 shares bid for.
Manoj Jewellers IPO listed at ₹53.95, slightly below the issue price of ₹54, marking a negative listing. The expected listing price according to the grey market was ₹54, meaning the actual listing was marginally lower than the GMP, resulting in a -0.09% difference.
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Details About Manoj Jewellers IPO
Manoj Jewellers is launching an IPO worth ₹16.20 crores, consisting of a fresh issue of 30 lakh equity shares at a fixed price of ₹54 per share. The IPO offers a minimum lot size of 2,000 shares for retail investors, requiring an investment of ₹1,08,000, and 4,000 shares for S-HNI investors, with a minimum investment of ₹2,16,000.
The company posted a revenue of ₹43.38 crores in FY 2024, up from ₹13.64 crores in FY 2023, with profit after tax rising to ₹3.24 crores from ₹0.62 crores. The IPO reserves 50% for retail investors and 50% for HNIs, with no shares allocated to QIBs.
About Company
Incorporated in 2007, Manoj Jewellers is a well-known company offering a wide variety of jewellery studded with precious and semi-precious stones. They specialize in 22kt gold jewellery, including rings, earrings, necklaces, bracelets, bangles, pendants, and wedding jewellery, available in both traditional and modern designs.
The company is committed to providing high-quality, BIS hallmarked jewellery, ensuring purity and customer trust. Manoj Jewellers focuses on timely delivery, competitive prices, and excellent product quality. With a showroom located in Sowcarpet, Chennai, they also offer silver jewellery and gold coins of different weights. The company has 14 employees as of April 2025 and stands out for its wide product range, experienced management, and strong customer satisfaction.
Manoj Jewellers Financial Performance
Manoj Jewellers Limited has shown strong financial growth over the years. As of December 31, 2024, the company’s assets stood at ₹34.68 crore, with a revenue of ₹42.97 crore and a profit after tax (PAT) of ₹3.77 crore. In comparison, for the year ending March 2024, the company reported assets of ₹26.22 crore, revenue of ₹43.38 crore, and a PAT of ₹3.24 crore.
The net worth increased from ₹2.43 crore in March 2022 to ₹13.57 crore by December 2024. Reserves and surplus also grew from ₹0.77 crore in 2022 to ₹7.58 crore in 2024. However, total borrowings have increased from ₹12.01 crore in March 2022 to ₹18.82 crore in December 2024.