Manoj Jewellers IPO Opens May 5: Check Price, Lot Size, Financials, GMP and Listing Date

Synopsis

Manoj Jewellers from Chennai is launching its Rs 16.20 crore SME IPO. The IPO will open on May 5, 2025, with a fixed price of Rs 54 per share. It will close on May 7, and listing on BSE SME is expected on May 12. The company aims to use the funds to reduce debt and for general corporate needs.

Chennai-based Manoj Jewellers is hitting the capital markets with its Rs 16.20 crore SME IPO, opening for subscription on May 5, 2025. The company will issue 30 lakh fresh equity shares at a fixed price of Rs 54 per share. The IPO is set to close on May 7 and the listing is expected on the BSE SME platform on May 12.

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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