Manoj Jewellers is gearing up for its Initial Public Offering (IPO) launch on May 5th, 2025, with the subscription window closing on May 7th, 2025. This fixed-price issue seeks to raise ₹16.20 crores through a fresh issuance of equity shares. While an Offer for Sale (OFS) is part of the offering, the precise number of shares involved in this component has yet to be revealed to the public. The price band for the IPO is firmly set at ₹54 per share, each having a face value of ₹10. Investors should note the allotment finalization date of May 8th, 2025, with the anticipated listing of Manoj Jewellers’ shares on the Bombay Stock Exchange (BSE) around May 12th, 2025, marking its entry into the listed equity space.

The IPO’s allocation structure presents an interesting scenario, with a direct split of 50% each reserved for retail investors and High Net-Worth Individuals (HNIs), highlighting the company’s focus on these key segments of the investor base. Notably absent is a specific quota for Qualified Institutional Buyers (QIBs), which is an unusual aspect of this offering. On the financial front, Manoj Jewellers has showcased impressive growth metrics. The company’s revenue witnessed a substantial jump to ₹43.38 crores in the financial year 2023-24, a significant increase from the ₹13.64 crores reported in the previous fiscal year. Furthermore, the net profit figures reflect a strong upward trend, reaching ₹3.24 crores in FY24, a considerable rise from the ₹0.62 crores recorded in FY23. This robust financial performance underscores a positive growth trajectory and strengthens the investment proposition as Manoj Jewellers steps into the public domain.