IPO Details

Bidding Dates

05 May '25 - 07 May '25

Minimum Investment

₹1,08,000/ 1 Lot (2,000 Shares)

Price Range

₹54

Maximum Investment

₹1,08,000/ 1 Lot (2,000 Shares)

Retail Discount

To be announced

Issue Size

₹16.20 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Other Investors  |  

Manoj Jewellers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 05, 25

IPO Closing Date

May 07, 25

Basis of Allotment

May 08, 25

Initiation of Refunds

May 09, 25

IPO Listing Date

May 12, 25

About Manoj Jewellers IPO

Manoj Jewellers IPO opens for subscription today on May 5, 2025, and will close on May 7, 2025. The IPO is a fixed price issue of ₹16.20 crore and includes a fresh issue of 30 lakh equity shares. The IPO price has been fixed at ₹54 per share. The minimum lot size for retail investors is 2,000 shares, requiring an investment of ₹1,08,000. For High Net-Worth Individuals (HNIs), the minimum application size is 2 lots or 4,000 shares, amounting to ₹2,16,000.

The allotment is expected to be finalised on May 8, 2025. Shares of Manoj Jewellers are planned to be listed on the BSE SME platform with a tentative listing date of May 12, 2025. Jawa Capital Services Private Limited is managing the IPO as the book-running lead manager, while Skyline Financial Services Private Limited is acting as the registrar. Shreni Shares Limited has been appointed as the market maker for the issue.

Investors are advised to refer to the Manoj Jewellers IPO Red Herring Prospectus (RHP) for more detailed and official information before making any investment decisions.

Industry Outlook

  1. India’s gold demand rose by 8% to 136.6 tonnes in Q1 2024, while jewellery demand reached 95.5 tonnes, up 4% year-on-year. This steady increase in demand directly benefits Manoj Jewellers Limited by offering a favourable environment for higher sales and growth.
  2. Jewellery demand value rose by 15% to ₹52,750 crores, and gold investment demand jumped 32% to ₹22,720 crores. This surge in consumer spending on gold supports Manoj Jewellers in boosting revenue and expanding customer engagement across both retail and investment segments.
  3. With gold prices in India touching over ₹90,000 per 10 grams due to inflation and global uncertainty, gold continues to be seen as a safe asset. This trend supports Manoj Jewellers in capitalising on increased demand, especially during festive and wedding seasons.

Manoj Jewellers IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company plans to use part of the IPO proceeds to reduce debt burden by repaying or prepaying specific loans taken by the company.
  2. The remaining funds will be used for general corporate purposes.

About Manoj Jewellers Limited 

Manoj Jewellers Limited is involved in both retail and wholesale trading of gold and diamond jewellery. The company’s product range includes rings, bangles, necklaces, earrings, chains, pendants, armlets, nose rings, gajrahs, and bridal jewellery, often enhanced with precious and semi-precious stones. These collections are designed to meet varying customer preferences across different occasions.

The company currently operates two showrooms in Chennai. One is located at No. 59, NSC Bose Road, Sowcarpet, and the other at Mangalam Mitra Apartments, Ranganthan Avenue, Kilpauk. These outlets serve as direct points of contact with customers, offering a curated selection of high-quality jewellery.

Manoj Jewellers Limited follows strict quality control practices to ensure the purity and durability of its products. Jewellery offered by the company is hallmarked through a BIS-recognised assaying (process of testing and analysing a metal) and hallmarking centre, assuring customers of gold purity. Timely delivery, competitive pricing, and a focus on regular design updates further enhance customer satisfaction.

The company is promoted by Mr. Manoj Kumar, Ms. Raj Kumari, Mr. Sunil Shantilal, and Ms. Shalu, who, along with a skilled management team, oversee business operations. Their combined experience supports effective cost management, strategic expansion, and long-term planning. Manoj Jewellers Limited continues to focus on building strong relationships with clients while expanding into new markets.

How To Check the Allotment Status of Manoj Jewellers IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Manoj Jewellers IPO Online?

  1. Log in to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Manoj Jewellers IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Manoj Jewellers IPO 

Registered office: No. 59, NSC Bose Road, Sowcarpet, Chennai, Tamil Nadu - 600079

Phone: 044 – 4204 9741

E-mail: cs@manojjewellerslimited.com

Manoj Jewellers IPO Reservation

Investor Category

Shares Offered

Other Shares

50% of the Net Issue

Retail Shares

50% of the Net Issue

Manoj Jewellers IPO Lot Size

Application

Lots

Shares

Amount (in ₹)

Retail (Min)

1

2,000

1,08,000

Retail (Max)

1

2,000

1,08,000

HNI (Min)

2

4,000

2,16,000

Manoj Jewellers IPO Promoter Holding

The promoters of the company are S Manojkumar, Raj Kumari M, S Sunil and Shalu.

Share Holding Pre-Issue

94.99%

Share Holding Post Issue

63.28%

Note: Equity dilution is determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.

Key Performance Indicators for Manoj Jewellers IPO

KPI

Value

RoE (%)

39.63

RoCE (%)

30.57

Debt/Equity

1.57

PAT Margin

7.48

Manoj Jewellers IPO Prospectus

Manoj Jewellers IPO Registrar and Lead Managers

Manoj Jewellers IPO Lead Managers

  • Jawa Capital Services Private Limited

Registrar for Manoj Jewellers IPO

Skyline Financial Services Private Limited

  • Contact Number: 022-28511022

Manoj Jewellers IPO Registrar



Financial Performance of Manoj Jewellers Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 4,335.11 1,363.01 675.18
Profit after Tax (in ₹ lakh) 324.13 62.36 36.47
Earnings per Share (₹) 5.42 1.14 0.69
Return on Capital Employed (RoCE in %) 30.57 14.72 10.72
Return on Equity (RoE in %) 39.63 13.87 16.20
EBITDA (in ₹ lakh) 571.70 203.51 164.87

Know before investing

Strengths

8

  1. Their diverse jewellery range caters to all price segments and styles.

  2. Strong design focus helps track trends and customer preferences.

  3. 15+ years of promoter experience supports stable business growth.

  4. Skilled management team adds value in finance, gems, and marketing.

  5. High customer trust through timely delivery and hallmark certification.

  6. Ongoing innovation drives sales and attracts repeat customers.

  7. Marketing and analytics strategies aim to boost long-term sales.

  8. Scalable business model enables showroom expansion in new markets.

Risks

8

  1. Litigation involving directors and promoters could affect Manoj Jewellers' operations.

  2. Seasonal sales dips impact Manoj Jewellers’ annual financial performance significantly.

  3. Delay in adapting to trends risks Manoj Jewellers’ market relevance.

  4. Poor showroom footfall may reduce Manoj Jewellers’ overall sales volume.

  5. Rising gold prices might impact Manoj Jewellers’ procurement cost and margin.

  6. Lower discretionary spending weakens Manoj Jewellers’ revenue and customer demand.

  7. Weak branding may limit Manoj Jewellers’ growth and customer reach.

  8. Tamil Nadu dependency exposes Manoj Jewellers to regional business disruptions.

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Manoj Jewellers Limited Peer Comparison

Company Name EPS (Basic) NAV (per share in ₹) RoNW (%)
Manoj Jewellers Limited 5.42 16.37 33.08
D. P. Abhushan Limited 27.8 235.41 25.91
Moksh Ornaments Limited 1.17 10.67 10.92
Shubhlaxmi Jewel Art Limited 1.22 20.44 5.63

Manoj Jewellers IPO FAQs

What is the Manoj Jewellers IPO?

Manoj Jewellers IPO is a fixed-price issue IPO. It will be open from May 5, 2025, to May 7, 2025. 

When will the Manoj Jewellers IPO be allotted?

The Basis of Allotment will happen on Thursday, May 8, 2025.  

When will the Manoj Jewellers IPO open for subscription?

The IPO subscription window will open on May 5, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares. 

When will Manoj Jewellers Limited list on exchanges?

The listing date for Manoj Jewellers Limited is Monday, May 12, 2025. 

What is the issue size of the Manoj Jewellers IPO?

The issue size of the Manoj Jewellers IPO is up to ₹16.20 crore.

What are the open and close dates of the Manoj Jewellers IPO?

The open and close dates for Manoj Jewellers IPO are from May 5, 2025, to May 7, 2025.

What would be the listing gains on the Manoj Jewellers IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a Manoj Jewellers IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Manoj Jewellers IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Manoj Jewellers Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Manoj Jewellers Limited's financial statements?

To read Manoj Jewellers Limited’s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for the Manoj Jewellers IPO?

Pre-apply allows investors to apply for the Manoj Jewellers IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Manoj Jewellers Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Manoj Jewellers Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Manoj Jewellers IPO?

Skyline Financial Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Manoj Jewellers IPO getting listed?

Manoj Jewellers IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).