Manoj Vaibhav Gems 'N' Jewellers Ltd - IPO

Manoj Vaibhav Gems 'N' Jewellers Ltd IPO Details

Initial public offering of up to 12,567,441 equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 215 per equity share (including a share premium of Rs. 205 per equity share) (Offer Price) aggregating up to Rs. 270.20 crores (the Offer) comprising a fresh issue of up to 9,767,441 equity shares aggregating up to Rs. 210.00 crores by the company (the Fresh Issue) and an offer for sale of up to 2,800,000 equity shares aggregating up to Rs. 60.20 crores by Grandhi Bharata Mallika Ratna Kumari (huf) (promoter selling shareholder) and such offer for sale of equity shares by the promoter selling shareholder, the Offer for Sale). The offer would constitute 25.73% of the post-offer paid-up equity share capital of the company.^Subject to finalisation of basis allotment

Objective of issue

Estimated capital expenditure cost for the proposed eight (8) new showrooms. Estimated inventory cost for new showrooms proposed to be opened. General corporate purposes.

Manoj Vaibhav Gems 'N' Jewellers Ltd Contact Details

Manoj Vaibhav Gems 'N' Jewellers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@vaibhavjewellers.com

Website - www.vaibhavjewellers.com