Manoj Vaibhav IPO Listing Highlights: Shares list at issue price of Rs 215
Manoj Vaibhav IPO Listing Highlights, Vaibhav Gems Share Price NSE, BSE: The initial public offering (IPO) of Manoj Vaibhav Gems was subscribed 2.25 times on the last day of subscription on Tuesday.
Manoj Vaibhav IPO Listing Highlights, Vaibhav Gems Share Price NSE, BSE: Shares of Manoj Vaibhav Gems N Jewellers made a flat debut at Dalal Street on got listed at Rs 215, same as the issue price. The initial public offering (IPO) of Manoj Vaibhav Gems was subscribed 2.25 times on the last day of subscription on Tuesday.
The shares of the company, a regional jewellery brand in South India, are expected to have a muted debut.
Follow Zee Business' Highlights for all the latest updates on Manoj Vaibhav Gems N Jewellers listing:
Latest Updates
Manoj Vaibhav IPO Listing LIVE Updates: Shares jump over 1%
After a flat debut at Dalal Street, shares of Manoj Vaibhav Gems N Jewellers Ltd jumped over 1 per cent in the early trade. Last seen, they were trading at Rs 218.10, a jump of over 1.44 per cent.
Manoj Vaibhav IPO Listing LIVE Updates: Flat stock market debut
Shares of Manoj Vaibhav Gems N Jewellers Ltd made a flat debut on stock market. The shares were listed at Rs 215 on the BSE, which is same as the issue price.
Manoj Vaibhav IPO Listing LIVE Updates: Shares settle at Rs 215
Shares of Manoj Vaibhav Gems have settled at Rs 215 on the NSE and BSE.
Manoj Vaibhav IPO Listing LIVE Updates: Shares will become available for trade from 10 am
Manoj Vaibhav Gems share price will list on BSE and NSE at around 9:45 am in sprecial pre-open session during Tuesday deals and Manoj Vaibhav Gems shares will become available for trade from 10:00 am on Tuesday.
Manoj Vaibhav IPO Listing LIVE Updates: Company to open new showrooms with funds
The funds raised will be utilised for opening eight new showrooms, inventory for these stores and general corporate purposes.
Manoj Vaibhav IPO Listing LIVE Updates: Who were the managers to offer?
Bajaj Capital and Elara Capital (India) were the managers of the offer. The equity shares are proposed to be listed on the BSE and the NSE.
Manoj Vaibhav IPO Listing LIVE Updates: What does the company do?
Manoj Vaibhav Gems 'N' Jewellers Limited is a regional jewellery brand in Southern India. It has a strong presence in Andhra Pradesh and Telangana. Its single outlet in Vishakhapatnam brings Rs 1,350 crore annual business.
Manoj Vaibhav IPO Listing LIVE Updates: IPO was subscribed 2.25 times
As per NSE data, Manoj Vaibhav Gems N Jewellers was subscribed 2.25 times on the last day of subscription on Tuesday. The initial share sale got bids for 2,05,05,627 shares against 91,20,664 shares on offer, as per NSE data.
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