Manoj Jewellers IPO Itemizing: Manoj Jewelers, who gross sales gold and diamond jewelery, entered the low cost on the SME platform of BSE immediately after which broke it and got here to the decrease circuit. Its IPO obtained greater than 13 occasions the general total. Shares have been issued at a value of Rs 54 underneath IPO. At this time, an entry has been made at Rs 53.95 on BSE SME, that’s, IPO traders didn’t get any itemizing beneficial properties however their capital on the itemizing decreased. IPO traders had been additional shocked when shares had been additional damaged. It broke to the decrease circuit of Rs 51.26 (Krystal Built-in Providers Share Value) i.e. IPO traders are actually 5.07 per cent losses. How would Manoj Jewellers IPO’s cash be opened until 5-20 million IPO subscriptions of how they might have been anticipated to be Rs. 5-7. This IPO total was subscribed at 1.14 occasions. It was full of half1 occasions reserved for retail traders. Beneath this IPO, 30 lakh new shares with face worth of Rs 10 have been issued. Of the cash raised by way of these shares, Rs 13.23 crore can be spent on loans and Rs 1.68 crore on widespread company functions. About Manoj Jewellers, the yr 2007 Manoj Jewelers Gold and Diamond jewelery sells retail. Speaking concerning the monetary well being of the corporate, it has been strongly strengthened. It made a internet revenue of Rs 36 lakh in FY 2022, which jumped within the subsequent monetary yr 2023 to Rs 62 lakh and in FY 2024 to Rs 3.24 crore. Throughout this era, the corporate’s income elevated to Rs 43.38 crore from a compound charge (CAGR) of greater than 153 per cent yearly. Speaking concerning the final monetary yr 2024-25, in April-December 2024 it has obtained a internet revenue of Rs 3.77 crore and a income of Rs 42.97 crore.
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