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Manoj Jewellers IPO
Price Band
₹
Issue Size
₹16.2 Cr
Lot Size
2,000 shares
Min Investment
₹108,000
GMP
—
Issue Price
₹54.0
Manoj Jewellers IPO AI Summary
- Manoj Jewellers IPO is listed on BSE SME.
- Subscription window: 05 May–07 May 2025, listing on 12 May 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Manoj Jewellers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Manoj Jewellers IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2007, Manoj Jewellers Limited is engaged in the retail business of various jewellery and ornaments made out of gold and diamonds studded with precious and semiprecious stones. They are particularly known for their wide range of gold jewellery that includes items such as earrings, rings, necklaces, bracelets, and pendants. The company ensures product quality through strict procedures, timely delivery, and competitive prices. It offers regular designs, guarantees on-time delivery, and BIS hallmarked jewellery for customer confidence in purity. The company offers a range of jewellery, including rings, earrings, pendants, bracelets, necklaces, bangles, and wedding jewellery. It operates a showroom at No. 59, NSC Bose Road, Sowcarpet, Chennai. Products: Gold Jewellery: Specializing in 22KT gold, with a variety of designs, including traditional and modern pieces. Silver Jewellery: Offering a range of silver jewellery items, such as earrings, rings, bracelets, pendants, and chains. Gold Coins: The company offers gold coins of different weights, including 8-gram coins. BIS Hallmarking: All jewellery is BIS-certified, ensuring the authenticity and purity of gold and silver pieces. As of April 28, 2025, the company has 14 employees. Competitive Strengths: Wide product range Experience of the Promoters and senior management team Customer Satisfaction Quality assurance
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 34.68 | 26.22 | 12.99 | 15.18 |
| Total Income | 42.97 | 43.38 | 13.64 | 6.76 |
| Profit After Tax | 3.77 | 3.24 | 0.62 | 0.36 |
| NET Worth | 13.57 | 9.80 | 6.56 | 2.43 |
| Reserves and Surplus | 7.58 | 3.81 | 0.57 | 0.77 |
| Total Borrowing | 18.82 | 15.38 | 5.67 | 12.01 |
Key Ratios
EPS
₹5.42
NAV
₹16.37
ROE
39.63%
ROCE
30.57%
RoNW
33.08%
P/B Value
3.30
P/E Ratio
9.97
Market Cap
₹48.52 Cr
PAT Margin
7.48%
Debt/Equity
1.57
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shubhlaxmi Jewel Art Limited | 20.44 | 5.63% | 13.65 | 1.22 | 1.22 |
| Moksh Ornaments Limited | 10.67 | 10.92% | 11.41 | 1.17 | 1.17 |
| D. P. Abhushan Limited | 235.41 | 25.91% | 51.73 | 27.8 | 27.8 |
| Manoj Jewellers Limited This IPO | 16.37 | 33.08% | 9.96 | 5.42 | 5.42 |
Promoters
S Manojkumar, Raj Kumari M, S Sunil and Shalu
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment of certain borrowings availed by the Company 13.23 2 General Corporate Purposes 1.67 3 Issue Expenses 1.30 Total 16.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹6.76 Cr in the period ending 31 Mar 2022, increasing to ₹13.64 Cr by 31 Mar 2023. It then rose to ₹43.38 Cr by 31 Mar 2024, and reached ₹42.97 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.36 Cr in the period ending 31 Mar 2022, increasing to ₹0.62 Cr by 31 Mar 2023. It further rose to ₹3.24 Cr by 31 Mar 2024, and reached ₹3.77 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹54.0, Manoj Jewellers has an implied P/E of approximately 9.96, compared to peers trading at P/E ratios ranging from 11.41 to 51.73.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price based on demand and supply in the grey market. A higher GMP suggests strong demand, while a lower or negative GMP may indicate weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. Consider factors such as market conditions, the company's performance, and industry trends.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on May 5, 2025, and closes on May 7, 2025. Allotment of shares is expected on May 8, 2025, with the listing date set for May 12, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor could make by selling shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be affected by market conditions, investor sentiment, and overall demand for the shares.
This evaluation is generated from Manoj Jewellers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Manoj Jewellers IPO open and close?
Manoj Jewellers IPO opens on 05 May 2025 and closes on 07 May 2025.
When does Manoj Jewellers IPO list on the stock exchange?
Manoj Jewellers IPO listed on 12 May 2025 at ₹54.0.
What is the lot size for Manoj Jewellers IPO?
The lot size for Manoj Jewellers IPO is 2000 shares, requiring a minimum investment of ₹108,000.
What is the lot size for this IPO?
The lot size for Manoj Jewellers' IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹108,000.
What is the issue price of the shares?
The issue price is ₹54.0 per share.
When does the IPO open and close?
The IPO opens on May 5, 2025, and closes on May 7, 2025.
When is the listing date?
The listing date is scheduled for May 12, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 May 2025
Close
07 May 2025
Allotment
08 May 2025
Listing
12 May 2025
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