Manoj Vaibhav Gems N Jewellers IPO
Manoj Vaibhav Gems N Jewellers Limited (MVGJL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 October 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.4% (likely range -17% to +3%), day's high +5.6%, chance of a gain 33%. Actual: 0.0% at the open, +3.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 25,73,605 | 27,19,704 | 1.06x | |
| NII (HNI) total | 19,64,118 | 1,01,71,566 | 5.18x | |
| Big NII (above ₹10 lakh) | 13,09,412 | 79,80,057 | 6.09x | |
| Small NII (₹2-10 lakh) | 6,54,706 | 21,91,509 | 3.35x | |
| Retail | 45,82,941 | 76,15,668 | 1.66x | |
| Total | 91,20,664 | 2,05,06,938 | 2.25x |
Bids on NSE and BSE together, as published by NSE, as of 26 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 32% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Manoj Vaibhav Gems N Jewellers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| Karda ConstructionsMar 2018 | 1.55x | 3.44x | 2.01x | 2.54x | ₹89.0 Cr | -24.4% | -20.7% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| ETHOSMay 2022 | 1.06x | 1.48x | 0.84x | 1.04x | ₹505 Cr | -6.0% | -4.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Bajaj Capital | 2 | +17.1% | 50% |
| Elara Capital (India) | 5 | +11.8% | 60% |
Offer documents (NSE)
Frequently asked
What is the Manoj Vaibhav Gems N Jewellers IPO price band and lot size? ₹204–215 per share, with a lot of 69 shares, so the smallest retail bid is ₹14,835.
How many times has it been subscribed? 2.25x overall: QIB 1.06x, NII 5.18x, retail 1.66x.
How did it list? It opened at ₹215, +0.0% against the issue price of ₹215, and closed its first day +0.2%.
