Jewellery / Diamond & Gems - Listed on 03 October 2023
Manoj Vaibhav Gems N Jewellers (Jewellery / Diamond & Gems) closed its IPO window in 2023 and listed on NSE and BSE on 03 October 2023 at an upper band issue price of Rs 215, opening at Rs 215 for a listing gain of 0.0% and closing day one at Rs 215.5 (+0.2% on closing basis). The IPO was subscribed 2.25x overall - QIB 1.06x, HNI/NII 5.18x, Retail 1.66x. The total issue size was Rs 270.2 Cr (Fresh Issue Rs 210 Cr, OFS Rs 60.2 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Jewellery / Diamond & Gems
Manoj Vaibhav Gems N Jewellers operates in the Jewellery / Diamond & Gems space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Manoj Vaibhav Gems N Jewellers issue was offered at an upper price of Rs 215 and raised approximately Rs 270.2 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 10 | +4.65% |
| Day 2 | Rs 10 | +4.65% |
| Day 3 | Rs 10 | +4.65% |
| Day 4 | Rs 10 | +4.65% |
| Day 5 | Rs 10 | +4.65% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Manoj Vaibhav Gems N Jewellers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Manoj Vaibhav Gems N Jewellers IPO listed at 0.0% versus the upper issue price of Rs 215 on 03 October 2023.
Manoj Vaibhav Gems N Jewellers IPO was subscribed 2.25x overall. QIB portion was subscribed 1.06x, HNI / NII 5.18x and Retail 1.66x.
IPO GMP started at Rs 10 on Day 1 and moved to Rs 10 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.