Retail investors can bid for a minimum of one lot (2,000 shares), amounting to an investment of Rs 1.08 lakh, while HNIs must apply for at least two lots, totalling Rs 2.16 lakh.
The issue is being led by Jawa Capital Services with Skyline Financial Services as the registrar. Shreni Shares will act as the market maker for the IPO.
Manoj Jewellers: Business Overview
Manoj Jewellers is engaged in the retail business of gold and diamond jewellery, offering a wide array of BIS-hallmarked products including rings, necklaces, bangles, earrings, pendants, bracelets, and gold coins.
The company operates its flagship showroom at NSC Bose Road in Sowcarpet, Chennai, targeting a mix of traditional and contemporary design preferences.
Manoj Jewellers has built a reputation for product quality, competitive pricing, and timely delivery. Its operations are supported by a modest team of 14 employees as of April 2025.
Manoj Jewellers IPO: Use of proceeds
The company plans to utilise the IPO proceeds primarily for repayment and prepayment of borrowings, amounting to Rs 13.23 crore, while the remaining Rs 1.67 crore will be used for general corporate purposes. This is expected to help reduce debt, improve the company’s balance sheet and support working capital flexibility.
Financials
For FY24, the company reported revenue of Rs 43.38 crore and a net profit of Rs 3.24 crore, up from Rs 0.62 crore in FY23. The nine-month profit as of December 2024 already stands at Rs 3.77 crore.
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