Manoj Jewellers IPO Details
The key details of Manoj Jewellers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹16.20 Cr |
| Price Range | ₹54 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,08,000 |
| Pre IPO Promotor Holding | 94.99% |
| Post IPO Promotor Holding | 63.28% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Manoj Jewellers IPO Timelines
The IPO process for Manoj Jewellers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
05/05/2025
Start Date07/05/2025
End Date09/05/2025
Refund Initiation09/05/2025
Credit of Shares to Demat Ac12/05/2025
Listing DateManoj Jewellers IPO Lot Size
The Manoj Jewellers IPO has a fixed lot size of 2,000 shares, at a fixed price band of ₹54 per share, requiring ₹108,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹216,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,08,000 |
| Retail Maximum | 1 | 2000 | ₹1,08,000 |
| HNI Minimum | 2 | 4000 | ₹2,16,000 |
Manoj Jewellers IPO Subscription Status
The subscription status for Manoj Jewellers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 1.27x | 1.01x | -- | 1.14x |
IPO Performance on Listing Day
On the listing day (May 12, 2025), Manoj Jewellers made a flat debut on the stock exchange. The stock opened at ₹53.95, marginally below its issue price of ₹54, reflecting a negligible discount of 0.1%. During the trading session, after opening at its day’s high, the stock faced some selling pressure, testing a low of ₹51.26. The shares concluded their first trading day at ₹53.77, posting a modest decline of 0.4% from the issue price, suggesting a cautious market response to this jewelry retailer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹53.95 | ₹53.77 | ₹53.95 | ₹51.26 |
Manoj Jewellers IPO Company Financials
Manoj Jewellers IPO reports robust performance in FY2024 with Total Income of ₹43.38 crores, managing expenses at ₹38.80 crores, and achieving a strong PAT (Profit After Tax) of ₹3.24 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹6.76 | ₹6.25 | ₹0.36 |
| FY 2023 | ₹13.64 | ₹12.75 | ₹0.62 |
| FY 2024 | ₹43.38 | ₹38.80 | ₹3.24 |
| FY 2025 (9 M) | ₹42.97 | ₹37.75 | ₹3.77 |
About Company
Incorporated in 2007, Manoj Jewellers Limited is a Chennai-based retail company specializing in gold and diamond jewellery. Known for its diverse collection, the company offers items such as rings, earrings, necklaces, pendants, bangles, bracelets, and wedding jewellery. Their flagship showroom is located at No. 59, NSC Bose Road, Sowcarpet, Chennai. Manoj Jewellers emphasizes quality and customer satisfaction by offering BIS hallmarked products, ensuring the authenticity and purity of gold and silver jewellery. They are also known for timely delivery, competitive pricing, and a mix of traditional and modern designs.
The company’s product offerings include 22KT gold jewellery, silver ornaments, and gold coins in varying weights, such as 8 grams. Their inventory spans both precious and semi-precious stone-studded items. Manoj Jewellers supports its operations with a small but focused team of 14 employees as of April 28, 2025. Through strict quality control procedures and a commitment to on-time service, the company maintains a reputation for trust and excellence in the jewellery retail sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2007 | Diamond, Gems and Jewellery | Manoj Kumar |
Know Before Investing
Manoj Jewellers IPO Strengths
- Manoj Jewellers is a well-established home-grown brand with over 28 years of presence, especially strong in Andhra Pradesh and Telangana, giving it significant local market credibility and customer loyalty.
- The company enjoys a first-mover advantage in Andhra Pradesh, having started its business in the region ahead of many competitors, helping secure a notable market share in both the overall and organised jewellery markets.
- Offers a wide variety of jewellery designs across different price points, catering to traditional, contemporary, and budget-conscious customers, which broadens its appeal.
- Focus on micro markets and a hyperlocal approach has enabled Manoj Jewellers to build deep customer relationships and a loyal client base, especially in rural and semi-urban areas.
- Long-standing partnerships with suppliers and job workers (over 15 years) ensure reliable sourcing, quality assurance, and operational efficiency.
- High customer satisfaction and strong word-of-mouth referrals, with employees and customers acting as brand ambassadors, further strengthening its reputation.
Manoj Jewellers IPO Risks
- The company generates a significant portion of its revenue from Andhra Pradesh and Telangana, with 62% coming from the Visakhapatnam region. Any adverse development in these areas could materially impact business performance.
- Gold, silver, diamonds, and other precious stones are core to operations. Fluctuations in their availability or cost can severely affect margins and profitability.
- Jewellery retailing requires substantial working capital for inventory and expansion. The company has faced negative cash flows in the past, and future liquidity could be strained if capital is not managed efficiently.
- The company, its promoters, and directors are involved in ongoing legal cases. Any adverse judgments could result in liabilities, penalties, or reputational damage.
- The jewellery market is highly competitive, with organized national brands and unorganized local players. Increased competition could impact market share, pricing power, and profitability.
- Jewellery sales are subject to seasonal and festival-related fluctuations. Poor performance during peak seasons can disproportionately affect annual results.
- Plans to open new showrooms bring execution risks, including delays, cost overruns, and challenges in replicating the brand’s success in new locations.
Swot Analysis for Manoj Jewellers IPO
Strengths
Regional brand leadership, Strong financial growth, Diverse product portfolio
Weaknesses
High revenue concentration, Seasonal business swings, Expansion risk exposure
Opportunities
New showroom expansion, Growing organized sector, Rural and urban reach
Threats
Intense industry competition, Gold price volatility, Ongoing litigations
Company Details
Manoj Jewellers Limited
No. 59, NSC Bose Road, Sowcarpet, Chennai, Tamil Nadu – 600079
Phone: 044 4204 9741
Email: investor@manojjewellerslimited.com
Website: http://www.manojjewellerslimited.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Manoj Jewellers IPO are:
- Funding working capital requirements
- General Corporate Purpose
Jawa Capital Services Private Limited is the book-running lead managers for the Manoj Jewellers IPO.
Manoj Jewellers Ltd. IPO demonstrates moderate growth potential based on its current financials and sector positioning. For the period ended March 31, 2024, the company reported assets of ₹26.22 crore, revenue of ₹43.38 crore, and a profit after tax of ₹3.24 crore, resulting in a net profit margin of around 7.5%.
The issue price for the Manoj Jewellers IPO is set to ₹54 per share.
To invest in one lot of Manoj Jewellers IPO, you need ₹1,08,000 at the fixed price band (₹54 per share) for a lot size of 2000 shares.
Manoj Jewellers IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on May 12, 2025.
Refund/unblocking of funds for Manoj Jewellers IPO will begin on May 9, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Manoj Jewellers IPO shares on listing day (May 12, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.