Manoj Vaibhav Gems N Jewellers Ltd. has announced public offering of 12567442 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 205.00 per share. The gross proceeds of the issue are expected to be Rs 27,020.00 lakhs.

The company's initial public offer (IPO) will open on 22 September 2023 and is expected to close on 26 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 204.00-215.00 per share.

The IPO includes a fresh Issue of 12567442 Equity Shares of the Company at an price of Rs 215.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 69 shares with bids in multiples of 69.

Manoj Vaibhav Gems N Jewellers Ltd. anticipates using the proceeds of the issue for .

Elara Capital (India) Pvt. Ltd.,BAJAJ CAPITAL LTD as lead manager(s) & Bigshare Services Private Limited. is the registrar, to the issue.