MANOJ VAIBHAV GEMS ‘N’ JEWELLERS LIMITED

MANOJ VAIBHAV GEMS ‘N’ JEWELLERS LIMITED - IPO DETAILS 

Company Overview 

Established in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited, also known as Vaibhav Jewellers, is a regional jewelry brand with a strong presence in South India. The company specializes in offering a wide range of jewelry products, including gold, silver, and diamond jewelry, as well as precious gemstones. These products are available both in its retail showrooms and through its online platform. 

Vaibhav Jewellers caters to a diverse customer base across the micro markets of Andhra Pradesh and Telangana, encompassing both rural and urban areas. The company has strategically positioned itself as a retailer committed to fostering relationships with its customers. It places a significant emphasis on providing attractive designs, top-notch quality, transparency, and exceptional customer service. 

Currently, Vaibhav Jewellers operates a network of 13 showrooms, which includes two franchisee showrooms. These showrooms are situated across 8 towns and 2 cities in the states of Andhra Pradesh and Telangana. 

Objective of the IPO 

Here are a few quick reasons why Manoj Vaibhav Gems 'N' Jewellers Limited going public:  

1. To fund the creation of the intended eight additional retail outlets, covering both the expenses related to capital investments and the procurement of inventory, the company can explore various financial alternatives. 

2. Allocating funds for overarching corporate needs and objectives. 

Company Financials 

Key Performance Indicator 

Pros 

1. Strong track record of growth. 

2. Growing demand for jewelry in South India. 

3. Well-established brand. 

4. Good management team. 

5. Positive outlook for the jewelry sector. 

Cons 

1. High debt levels. 

2. Cash flow from operations negative.  

3. Inventory turnover ratio declining. 

How to Apply for this IPO 

1. Go to https://ipo.adityatrading.in/ 

2. Enter your Client ID 

3. Enter the OTP received in your registered mobile number. 

4. Choose the IPO and click on apply button. 

5. Enter the UPI ID, Quantity, and Cut off the price. 

6. Click on submit button 

7. Confirm the mandate request received on your phone by entering the UPI Pin. 

You can also watch our youtube video on “How to Apply on IPO” by clicking on the link “https://www.youtube.com/watch?v=1qOI8dCpl1I&ab_channel=ATS”