Manoj Jewellers Limited IPO

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Manoj Jewellers Limited is a Chennai-based company engaged in the retail and wholesale trade of gold and diamond jewellery, including pieces adorned with precious and semi-precious stones.

The company offers a broad and exquisite range of jewellery products such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and various bridal jewellery sets. This diverse catalogue is tailored to suit a variety of customer preferences and occasions, reflecting both traditional and contemporary aesthetics.

Manoj Jewellers Limited places strong emphasis on product quality, timely delivery, competitive pricing, and design variety. A significant feature of its operations is the BIS hallmarking of its gold jewellery, certified by BIS-recognized Assaying and Hallmarking Centres. This hallmark ensures that the jewellery meets national standards of purity and offers customers added confidence and transparency.

Manoj Jewellers continues to focus on expanding its market presence by leveraging its strengths in cost control, timely service, and customer-centric practices.

Objects of the Manoj Jewellers Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Repayment/ prepayment of certain borrowings availed by the Company. ii. General Corporate Purpose.
DRHP of Manoj Jewellers Limited IPO
RHP of Manoj Jewellers Limited IPO

Manoj Jewellers Limited IPO Details:

Open Date: May 05 2025
Close Date: May 07 2025
Total Shares: 30,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 16.20 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 54 Per Equity Share
Listing At: BSE SME
Listing Date: May 12 2025

Promoters And Management:

Mr. Manoj Kumar, aged 50, is the Promoter and Managing Director of Manoj Jewellers Limited. A senior secondary graduate, he has over 16 years of experience in the jewellery industry. Associated with the company since inception, he has been serving as Managing Director since July 16, 2022, and currently oversees the company’s overall management and marketing, playing a key role in its strategic growth. Mr. Sunil Shantilal, aged 41, is the Promoter and Executive Director of Manoj Jewellers Limited. A secondary school graduate, he has been associated with the company since its inception and brings over 16 years of experience in the jewellery industry. He currently oversees the company’s Finance, Administration, and Human Resources functions. Ms. Raj Kumari, aged 48, is the Promoter and Whole-Time Director of Manoj Jewellers Limited. A senior secondary graduate from Hindu Higher Secondary School, she has been associated with the company for the past 2 years and currently leads the operations functions in a key leadership role.

Financials of Manoj Jewellers Limited IPO:

In Cr.
Particulars December 31, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 42.94 43.35 13.63 6.75
EBITDA 6.74 5.71 2.03 1.64
EBITDA Margins 15.72% 13.19% 14.93% 24.42%
PAT 3.76 3.24 0.62 0.36
PAT Margins 8.77% 7.48% 4.57% 5.40%
ROCE 30.77% 30.57% 14.72% 10.72%
CFOA -4.99 -5.89 4.86 1.13

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Manoj Jewellers (FY 2024) 43.35 Cr. 13.19% 7.48% 1.57 48.52 Cr. 14.98*
D.P. Abhushan (TTM) 3,150 Cr. 5% 3.30% 0.55 3,177 Cr. 30.60
Moksh Ornaments (TTM) 580 Cr. 2% 1.38% 0.29 114 Cr 13.60
Shubhlaxmi Jewel Art (TTM) 65.62 Cr. 4% 1.86% 0.49 14.80 Cr. 12.20
*Forward PE is 9.68 on the basis of FY 25 PAT.

Recommendation on Manoj Jewellers Limited IPO:

Avoid

Lead Manager of Manoj Jewellers Limited IPO:

  1. Jawa Capital Services Private Limited

Registrar of Manoj Jewellers Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Manoj Jewellers Limited No. 59, NSC Bose Road, Sowcarpet, Phone: 044 4204 9741 Email: investor@manojjewellerslimited.com Website: http://www.manojjewellerslimited.com/

Discussion on Manoj Jewellers Limited IPO:

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