Manoj Vaibhav Gems N Jewellers Ltd Share Price – NSE  /  BSE

Diamond, Gems and Jewellery, Small Cap

Rishabh Instruments Ltd, Davangere Sugar Company Ltd, Vishal Bearings Ltd and Flair Writing Industries Ltd are among the other losers in the BSE's 'B' group today, 13 February 2024.

Manoj Vaibhav Gems N Jewellers Ltd tumbled 16.62% to Rs 265.6 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 95834 shares were traded on the counter so far as against the average daily volumes of 12108 shares in the past one month.

Rishabh Instruments Ltd lost 16.11% to Rs 500. The stock was the second biggest loser in 'B' group.On the BSE, 49749 shares were traded on the counter so far as against the average daily volumes of 17753 shares in the past one month.

Davangere Sugar Company Ltd crashed 12.48% to Rs 76.69. The stock was the third biggest loser in 'B' group.On the BSE, 52993 shares were traded on the counter so far as against the average daily volumes of 28666 shares in the past one month.

Vishal Bearings Ltd corrected 12.11% to Rs 153.45. The stock was the fourth biggest loser in 'B' group.On the BSE, 34789 shares were traded on the counter so far as against the average daily volumes of 5883 shares in the past one month.

Flair Writing Industries Ltd plummeted 10.00% to Rs 264.65. The stock was the fifth biggest loser in 'B' group.On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 22723 shares in the past one month.

Powered by Capital Market - Live News

Net profit of Manoj Vaibhav Gems 'N' Jewellers declined 24.07% to Rs 18.96 crore in the quarter ended December 2023 as against Rs 24.97 crore during the previous quarter ended December 2022. Sales declined 2.85% to Rs 475.10 crore in the quarter ended December 2023 as against Rs 489.03 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News

Net profit of Manoj Vaibhav Gems 'N' Jewellers rose 8.57% to Rs 22.16 crore in the quarter ended September 2023 as against Rs 20.41 crore during the previous quarter ended September 2022. Sales rose 11.40% to Rs 619.22 crore in the quarter ended September 2023 as against Rs 555.87 crore during the previous quarter ended September 2022.

Powered by Capital Market - Live News

The scrip was listed was listed at Rs 215, matching the initial public offer (IPO) price.

So far, the stock has hit a high of 221.90 and a low of 210. On the BSE, over 2.04 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Manoj Vaibhav Gems N Jewellers was subscribed 2.25 times. The issue opened for bidding on 22 September 2023 and it closed on 26 September 2023. The price band of the IPO was fixed at Rs 204-215 per share.

The IPO comprised of a fresh issue of Rs 210 crore and an offer for sale of up to 28,00,000 shares by its existing shareholders.

The objectives of the fresh issue include financing eight new showrooms for a capex of around Rs 172 crore and the balance amount is to be used for general corporate purposes.

The promoters of the company held 100% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 74.27%.

Manoj Vaibhav Gems N Jewellers also known as Vaibhav Jewellers, is a regional jewelry brand in South India. The company offers gold, silver, and diamond jewelry, precious gemstones and other jewelry products through retail showrooms as well as through its website.

The company reported a consolidated net profit of Rs 19.24 crore and net sales of Rs 508.90 crore for the three months ended on 30 June 2023.

Powered by Capital Market - Live News