Manoj jewellers iPo Listing: Manoj Jewelers, who sold gold and diamond jewelery, entered the discount on the SME platform of BSE today and then it broke and came to the lower circuit. Its IPO received more than 13 times the overall overall. Shares have been issued at a price of Rs 54 under IPO. Today, an entry has been made at Rs 53.95 on BSE SME, that is, IPO investors did not get any listing gains but their capital on the listing decreased. IPO investors were further shocked when shares were further broken. It broke down on the lower circuit of Rs 51.26 (Krystal Integrated Services Share Price) i.e. IPO investors are now 5.07 percent losses.
Manoj Jewellers how to spend IPO money
Manoj Jewelers opened ₹ 16.20 crore IPO for subscription from 5-7 May. This IPO overall was subscribed at 1.14 times. It was filled with half1 times reserved for retail investors. Under this IPO, 30 lakh new shares with face value of Rs 10 have been issued. Of the money raised through these shares, Rs 13.23 crore will be spent on repayment of loan and Rs 1.68 crore on common corporate purposes.
About Manoj Jewellers
Manoj Jewelers, made in 2007, carries retail on gold and diamond jewelery. Talking about the financial health of the company, it has been strongly strengthened. It made a net profit of Rs 36 lakh in FY 2022, which jumped in the next financial year 2023 to Rs 62 lakh and in FY 2024 to Rs 3.24 crore. During this period, the company’s revenue increased to Rs 43.38 crore from a compound rate (CAGR) of more than 153 per cent annually. Talking about the last financial year 2024-25, in April-December 2024 it has received a net profit of Rs 3.77 crore and a revenue of Rs 42.97 crore.