Manoj Jewellers Limited is coming up with an IPO with a fresh issue of 30,00,000 shares worth INR 16.20 crores. The company aims to repay their outstanding borrowings and funds to meet general corporate purposes. 

Manoj Jewellers IPO – Important Dates

Manoj Jewellers Limited IPO – Company Profile

Manoj Jewellers Limited is engaged in the retail and wholesale jewellery segment, offering a wide range of gold and diamond ornaments, including rings, earrings, bangles, necklaces, pendants, and wedding jewellery. 

Manoj Jewellers Limited’s collection features both traditional and contemporary designs embellished with precious and semi-precious stones. With two showrooms located in Chennai, Tamil Nadu, the company caters to diverse customer preferences. 

Manoj Jewellers Limited upholds strict quality control standards and prioritises customer satisfaction by offering a varied selection of regular and custom designs, positioning itself as a reliable and transparent jewellery brand in the southern Indian market.

Manoj Jewellers Ltd IPO Fundamental Analysis

Manoj Jewellers Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth along rising profits and assets, with improved liquidity. However increasing reliance on debt highlight underlying challenges. 

• Revenue Trend: The revenue increased from ₹1,363.01 lakhs in March 2023 to ₹4,335.11 lakhs in March 2024. The revenue for the 9-month period ended December 2024 is INR 4,294.76 lakhs. 

• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has also increased, indicating rising reliance on debt financing. 

• Profitability: The profit after tax (PAT) has significantly increased from ₹62.36 lakhs in March 2023 to ₹324.13 lakhs in March 2024, boosting investor confidence. The profit for the 9-month period ended in December 2024 is ₹376.66 lakhs.

• Earnings per Share (EPS): The diluted EPS has increased from ₹1.14 in March 2023 to ₹5.42 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the 9 month period ended in December 2024 is ₹8.39. 
• Return on Net Worth (RoNW): The RoNW has risen from 9.51% to 33.08%, indicating an increase in the company’s ability to generate returns on shareholder equity.

• Financial Position: Total assets have increased, suggesting potential business growth. The current ratio has also increased, indicating strengthening liquidity and potential in meeting short-term obligations. 

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Manoj Jewellers IPO Financial Analysis

Manoj Jewellers Limited IPO Peer Comparison

Manoj Jewellers Limited shows steady performance in RoNW, D. P. Abhushan Limited excels in revenue, Moksh Ornaments Limited maintains consistent growth and Shubhlaxmi Jewel Art Limited shows substantial growth in P/E ratio. 

Manoj Jewellers Ltd IPO Objective

The main objective of Manoj Jewellers Limited is to repay or prepay borrowings availed by the company and fund general corporate purposes. 

1. Repayment or prepayment of certain borrowings availed by the Company:  The company intends to utilise INR 1323 lakhs from the Net Proceeds for the repayment or prepayment of certain borrowings availed by their company. 

2. General corporate purposes: The company will deploy the remaining proceeds, i.e., INR 167 lakhs, to fund general corporate purposes to support business growth. 

Manoj Jewellers IPO Risks And Challenges

Manoj Jewellers Limited’s risks include outstanding litigations, seasonal fluctuations and changing consumer demands and evolving market trends, which could adversely impact operations, profitability, and business performance. 

• The company faces certain outstanding litigations, and any adverse outcome of which may impact its business operations, financial results, and overall reputation. 

• The company’s income and sales are subject to seasonal fluctuations. Underperformance during peak seasons may disproportionately affect their business and financial performance. 

• The company’s ability to respond to changing consumer demands and evolving market trends is important. Any delay in adapting may adversely affect their operations. 

Manoj Jewellers Ltd IPO – Industry & Market Potential

The global gold jewellery market stood at USD 228 billion in 2022 and is projected to grow at a CAGR of ~3.0 to 4.0%, reaching USD 265 to 275 billion by 2027. Growth is supported by rising disposable income, festive demand, and increasing consumer preference for wearable investment.

India is the world’s second-largest consumer of gold, with annual demand of 700 to 800 tonnes. The Indian gold jewellery market was valued at Rs. 4,800 to 5,000 billion in FY2023 and is expected to grow at a CAGR of ~6.5 to 7.5%, reaching Rs. 6,600–6,800 billion by FY2028. 

Online gold jewellery retailing in India is gaining traction, projected to grow at 20%+ CAGR over the next five years. Wider acceptance of digital channels, competitive pricing, and trust in hallmark-certified products are accelerating e-commerce growth for jewellery brands.

Manoj Jewellers Limited IPO – Type of Offer

Manoj Jewellers Limited is coming up with an IPO with a fresh issue of 30,00,000 shares worth INR 16.20 crores. The company aims to repay their outstanding borrowings and meet general corporate purposes. 

Manoj Jewellers IPO Offer Size

The offer size of Manoj Jewellers Limited is INR 16.20 crores, consisting of a fresh issue of 30,00,000 shares. The company aims to repay their certain borrowings and meet general corporate purposes. 

Manoj Jewellers Limited IPO Allotment Structure

Manoj Jewellers Limited’s allocation will be as follows: A minimum of 50% for Retail Individual Investors (RII) and the remaining to other investors, including corporate bodies or institutions, irrespective of the number of specified securities applied for. 1,52,000 shares are reserved for market makers. 

● Retail Individual Investors (RII): A minimum of 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.

● Market Maker Reservation: A portion of shares, i.e. 1,52,000 shares, is reserved for market makers. 

How to apply for the Manoj Jewellers IPO?

To apply for the Manoj Jewellers Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Manoj Jewellers Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Manoj Jewellers Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Manoj Jewellers IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Manoj Jewellers Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Manoj Jewellers Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Manoj Jewellers Limited IPO:

● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Manoj Jewellers Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

●  BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange Small and Medium Enterprises (BSE SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Manoj Jewellers Ltd IPO Offer Registrar

The registrar for the Manoj Jewellers Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Skyline Financial Services Private Limited

D-153 A, 1st Floor, Okhla Industrial Area, 

Phase – I, New Delhi-110020 

Tel: 011-4045 0193-97

Email: [email protected] 

Website: www.skylinerta.com

Manoj Jewellers IPO – FAQs