Manoj Jewellers IPO Opens May 5: Check Price, Lot Size, Financials, GMP and Listing Date

Synopsis

Manoj Jewellers from Chennai is launching its Rs 16.20 crore SME IPO. The IPO volition unfastened connected May 5, 2025, with a fixed terms of Rs 54 per share. It volition adjacent connected May 7, and listing connected BSE SME is expected connected May 12. The institution aims to usage the funds to trim indebtedness and for wide firm needs.

Chennai-based Manoj Jewellers is hitting the superior markets with its Rs 16.20 crore SME IPO, opening for subscription connected May 5, 2025. The institution volition contented 30 lakh caller equity shares astatine a fixed terms of Rs 54 per share. The IPO is acceptable to adjacent connected May 7 and the listing is expected connected the BSE SME level connected May 12.

Retail investors tin bid for a minimum of 1 batch (2,000 shares), amounting to an concern of Rs 1.08 lakh, portion HNIs indispensable use for astatine slightest 2 lots, totalling Rs 2.16 lakh.

The contented is being led by Jawa Capital Services with Skyline Financial Services arsenic the registrar. Shreni Shares volition enactment arsenic the marketplace shaper for the IPO.

Manoj Jewellers: Business Overview

Manoj Jewellers is engaged successful the retail concern of golden and diamond jewellery, offering a wide array of BIS-hallmarked products including rings, necklaces, bangles, earrings, pendants, bracelets, and golden coins.

The institution operates its flagship showroom astatine NSC Bose Road successful Sowcarpet, Chennai, targeting a premix of accepted and modern plan preferences.

Manoj Jewellers has built a estimation for merchandise quality, competitory pricing, and timely delivery. Its operations are supported by a humble squad of 14 employees arsenic of April 2025.

Manoj Jewellers IPO: Use of proceeds

The institution plans to utilise the IPO proceeds chiefly for repayment and prepayment of borrowings, amounting to Rs 13.23 crore, portion the remaining Rs 1.67 crore volition beryllium utilized for wide firm purposes. This is expected to assistance trim debt, amended the company’s equilibrium expanse and enactment moving superior flexibility.

Financials

For FY24, the institution reported gross of Rs 43.38 crore and a nett net of Rs 3.24 crore, up from Rs 0.62 crore successful FY23. The nine-month nett arsenic of December 2024 already stands astatine Rs 3.77 crore.

(Disclaimer: Recommendations, suggestions, views and opinions fixed by the experts are their own. These bash not correspond the views of Economic Times)

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