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
- 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.
- 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.
- 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:
- The company plans to use part of the IPO proceeds to reduce debt burden by repaying or prepaying specific loans taken by the company.
- 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:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Manoj Jewellers IPO Online?
- Log in to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Manoj Jewellers IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- 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
- Email Address: ipo@skylinerta.com
Manoj Jewellers IPO Registrar
Financial Performance of Manoj Jewellers Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 4,335.11 | 1,363.01 |
| Profit after Tax (in ₹ lakh) | 324.13 | 62.36 |
| Earnings per Share (₹) | 5.42 | 1.14 |
| Return on Capital Employed (RoCE in %) | 30.57 | 14.72 |
| Return on Equity (RoE in %) | 39.63 | 13.87 |
| EBITDA (in ₹ lakh) | 571.70 | 203.51 |
Know before investing
Strengths
8Their diverse jewellery range caters to all price segments and styles.
Strong design focus helps track trends and customer preferences.
15+ years of promoter experience supports stable business growth.
Skilled management team adds value in finance, gems, and marketing.
High customer trust through timely delivery and hallmark certification.
Ongoing innovation drives sales and attracts repeat customers.
Marketing and analytics strategies aim to boost long-term sales.
Scalable business model enables showroom expansion in new markets.
Risks
8Litigation involving directors and promoters could affect Manoj Jewellers' operations.
Seasonal sales dips impact Manoj Jewellers’ annual financial performance significantly.
Delay in adapting to trends risks Manoj Jewellers’ market relevance.
Poor showroom footfall may reduce Manoj Jewellers’ overall sales volume.
Rising gold prices might impact Manoj Jewellers’ procurement cost and margin.
Lower discretionary spending weakens Manoj Jewellers’ revenue and customer demand.
Weak branding may limit Manoj Jewellers’ growth and customer reach.
Tamil Nadu dependency exposes Manoj Jewellers to regional business disruptions.
Manoj Jewellers Limited Peer Comparison
| Company Name | EPS (Basic) | NAV (per share in ₹) | RoNW (%) | Dividend Yield |
|---|---|---|---|---|
| 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 | - |
