Latest news with #ManojJewellers'
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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
08-05-2025
- Business
- Time of India
Manoj Jewellers IPO allotment to be finalised today: Check status, GMP, listing date, and other details
How to Check Manoj Jewellers IPO Allotment on BSE: Live Events Checking Allotment via Skyline Financial Services Manoj Jewellers IPO Details: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment for Manoj Jewellers' IPO is anticipated to be finalized on May 8. Investors can verify their allotment status through the registrar, Skyline Financial Services, or via the BSE website. The IPO, which opened from May 5-7, garnered a total subscription of 1.14 times. The retail portion was subscribed 1.01 times, and the non-institutional investor (NII) segment 1.27 are expected to be credited to investors' demat accounts by May 9, with refunds for unallotted investors processed on the same day. The company is set to list on the BSE SME platform on May the BSE website: Select 'Manoj Jewellers' from the dropdown your application number or PAN to view the allotment to Select 'Manoj Jewellers IPO'.Enter your PAN details and click 'Search'.The Rs 16.20 crore IPO was entirely a fresh issue of 30 lakh shares at a fixed price of Rs 54 per share. The funds will be utilized for repaying certain borrowings and for general corporate in Chennai, Manoj Jewellers operates in the retail and wholesale business of gold and diamond jewellery, adorned with precious and semi-precious stones. The company's product range includes rings, necklaces, bangles, earrings, and wedding FY24, the company reported revenue of Rs 43.35 crore and a profit after tax of Rs 3.24 crore, up from Rs 13.63 crore and Rs 0.62 crore, respectively, in FY23.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
