Latest news with #ManojJewellers
Business Standard
12-05-2025
- Business
- Business Standard
BSE SME Manoj Jewellers' debut lacks luster
Shares of Manoj Jewellers were trading at Rs 51.26 on the BSE, a discount of 5.07% compared with the issue price of Rs 54. The scrip was listed at Rs 53.95, almost at par with the initial public offer (IPO) price. The stock was currently frozen at its lower limit over its listing price. The counter hit a high of Rs 53.95 and a low of Rs 51.26. About 1.12 lakh shares of the company changed hands at the counter. Manoj Jewellers was subscribed 1.13 times. The issue opened for bidding on 5 May 2025 and it closed on 7 May 2025. The price of the IPO was set at Rs 54 per share. The IPO comprised fresh issue of 30,00,000 shares. The promoter and promoter shareholding diluted to 63.28% from 100% pre-IPO. The company intends to utilize the net proceeds for repayment/prepayment of certain borrowings availed by company, issue expenses and for general corporate purpose. Manoj Jewellers is a growing company specializing in a wide range of jewelry and ornaments studded with precious and semi-precious stones. The company offers an extensive collection, including rings, earrings, armlets, pendants, gajras, nose rings, bracelets, chains, necklaces, bangles, and exquisite wedding jewelry. Manoj Jewellers focuses on providing 22kt gold jewelry, available in a variety of designs that blend traditional and modern styles. As of 28 April 2025, the company had 14 employees. The company recorded revenue from operations of Rs 42.94 crore and net profit of Rs 3.76 crore for the period ended 31 December 2024.
&w=3840&q=100)
Business Standard
12-05-2025
- Business
- Business Standard
Manoj Jewellers shares list flat on BSE SME, tumble 5% to hit lower circuit
Manoj Jewellers IPO listing today: Shares of jewellery maker Manoj Jewellers were locked in the lower circuit on the BSE SME shortly after making their debut on May 12. The company's shares had a muted debut, listing at ₹53.95 per share, reflecting a marginal discount of ₹0.05 or 0.09 per cent against the issue price of ₹54 per share. Following the listing, the stock fell 5 per cent, reaching the lower circuit at ₹51.26 per share. By the time trading was halted, nearly 0.11 million shares, worth ₹0.59 crore, had been traded. Manoj Jewellers' IPO listing aligned with grey market expectations. Ahead of the listing, the unlisted shares of the company were trading flat at ₹54 per share, according to sources tracking unofficial market activity. Manoj Jewellers IPO details Manoj Jewellers IPO was an entirely fresh issue of 3 million equity shares amounting to ₹16.20 crore. There was no offer-for-sale component. The company had fixed the price band at ₹54 per equity share. The issue closed for subscription on Wednesday, May 7, 2025. The basis of allotment of shares was finalised on Thursday, May 8, 2025. The issue received a muted response from investors. Manoj Jewellers IPO was subscribed only 1.14 times. The portion booked for retail investors was subscribed 1.01 times and the non-institutional investors (NIIs) quota was subscribed 1.27 times. Skyline Financial Services serves as the registrar of the issue. Jawa Capital Services is the sole book-running lead manager. The company, according to the RHP, aims to utilise ₹13.23 crore from the net issue proceeds for repayment or prepayment of certain borrowings availed by the company. The remaining ₹1.67 crore will be used for general corporate purposes. About Manoj Jewellers Incorporated in 2007, Manoj Jewellers is the retailer and wholesaler of jewellery and ornaments made from gold and diamonds, embellished with precious and semi-precious stones. The product portfolio includes a variety of items including items such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. The company runs two showrooms in Chennai. In the fiscal year 2023-24 (FY24), Manoj Jewellers reported revenue from operations of ₹43.35 crore, up 218 per cent growth year-on-year (Y-o-Y) from ₹13.63 crore in FY23. It reported a profit after tax (PAT) of ₹3.24 crore in FY24, up around four times from ₹62.36 lakh in the previous fiscal.
Time of India
12-05-2025
- Business
- Time of India
Manoj Jewellers IPO set for listing amid muted GMP signals
Synopsis Manoj Jewellers, a Rajasthan-based jewellery retailer, is set to list on the BSE SME platform on May 12 after its Rs 16.2 crore IPO. The IPO, subscribed just 1.14 times, saw limited investor enthusiasm with a GMP of Rs 0.
News18
08-05-2025
- Business
- News18
Manoj Jewellers IPO Allotment: How To Check Status Online? Know GMP Today
Last Updated: Manoj Jewellers IPO: Unlisted shares of Manoj Jewellers Ltd are currently trading at Rs 54 apiece, which is zero premium (GMP) over the IPO price of Rs 54. Manoj Jewellers IPO Allotment Status: The initial public offering of Manoj Jewellers Ltd closed on Wednesday with 1.14 times subscription. Once finalised, investors will start getting bank debit messages. They can also check the IPO allotment status online on registrar Skyline Financial Services Pvt Ltd's website. The Manoj Jewellers BSE SME IPO, which was open for public subscription between May 5 and May 7, received a 1.14 times subscription garnering bids for 32,44,000 shares as against 28,48,000 shares on offer. The retail and NII participation stood at 1.01 times and 1.27 times, respectively. Manoj Jewellers IPO Allotment: How To Check Allotment Status? The IPO allotment is expected to take place today, May 8, in the evening. Once allotted, investors can check the allotment status by following these steps: Step 1: Visit Step 2: Select company name by choosing 'Manoj Jewellers Ltd'. Step 3: Enter 'application number/ CAF No.', 'beneficiary ID', or 'PAN number'. Your share application status will appear on your screen. Alternatively, you can also check the Manoj Jewellers allotment status on the BSE's website. Here's the direct link: The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Manoj Jewellers IPO: More Details The Manoj Jewellers IPO is a fixed price of Rs 16.20 crore. The issue is entirely a fresh issue of 30 lakh shares. The Manoj Jewellers IPO bidding started from May 5, 2025, and ended on May 7, 2025. The allotment for Manoj Jewellers IPO was finalised on Thursday, May 8, 2025. Manoj Jewellers IPO will be list on the BSE SME with a tentative listing date fixed as Monday, May 12, 2025. The Manoj Jewellers IPO price is Rs 54 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is Rs 1,08,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to Rs 2,16,000. Jawa Capital Services Private Limited is the book-running lead manager of the Manoj Jewellers IPO, while Skyline Financial Services Private Ltd is the registrar for the market maker for Manoj Jewellers IPO is Shreni Shares Limited. First Published: May 08, 2025, 12:33 IST
&w=3840&q=100)
Business Standard
08-05-2025
- Business
- Business Standard
Manoj Jewellers IPO allotment today: here's how to check your status online
Manoj Jewellers IPO allotment status: The basis of allotment of shares for Manoj Jewellers is expected to be finalised today, Thursday, May 8, 2025. The initial public offering (IPO) of Manoj Jewellers, which closed its three-day subscription window on Wednesday, May 7, received a muted response from investors, with the offering being oversubscribed by nearly 1.14 times. Once the allotment is finalised, investors can check their status on the official websites of the BSE, and Skyline Financial Services, the registrar for the Manoj Jewellers IPO. Check Manoj Jewellers IPO allotment status on BSE: Also Read Manoj Jewellers IPO details The SME offering, valued at around ₹16.63 crore, comprises an entirely fresh issue of 3 million equity shares with no offer for sale (OFS) component. The public issue was open for subscription from Monday, May 5, 2025, to Wednesday, May 7, 2025. It was available at ₹54 per share, with a lot size of 2,000 shares. Manoj Jewellers proposes to utilise the proceeds from the public offering for the repayment/prepayment of certain borrowings availed by the company, as well as for general corporate purposes. ALSO READ | Srigee DLM IPO allotment today; check status, GMP, likely listing gain Manoj Jewellers IPO grey market premium (GMP), listing estimate The unlisted shares of Manoj Jewellers were trading flat at ₹54 apiece, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) of Manoj Jewellers IPO remains Nil as of Thursday, May 8, 2025. Shares of Manoj Jewellers are expected to debut on the BSE SME platform tentatively on Monday, May 12, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Manoj Jewellers Manoj Jewellers is a Chennai-based retailer specialising in gold and diamond jewellery. The company offers a wide range of jewelry items, including earrings, rings, and pendants. Manoj Jewellers ensures product quality through strict procedures and BIS hallmarking. The company operates a showroom in Sowcarpet, Chennai, and prioritises customer satisfaction. Manoj Jewellers offers traditional and modern designs in 22KT gold and silver jewellery.
