Manoj Vaibhav Gems N Jewellers Ltd Share Price

(MVGJL)

Manoj Vaibhav Gems N Jewellers Ltd was incorporated as a Private Limited Company on March 13 1989 at Hyderabad Andhra Pradesh as Hotel Anant Private Limited. The name of Company was changed to Hotel Anant Private Limited vide Certificate of incorporation dated September 13 2002 issued by the Registrar of Companies Andhra Pradesh. The name of Company was further changed to Vaibhav Empire Private Limited on June 11 2003 thereafter was again changed to Manoj Vaibhav Gems N Jewellers Private Limited at Telangana on July 4 2016. Subsequently Company got converted to a Public Limited Company and name of Company was changed to Manoj Vaibhav Gems N Jewellers Limited through fresh Certificate of Incorporation issued by the Registrar of Companies Andhra Pradesh on May 13 2022.Vaibhav Jewellers are a leading regional jewellery brand in South India. They are a hyper local jewellery retail chain having presence in the micro markets of Andhra Pradesh Telangana with 13 showrooms across 8 towns and 2 cities. Vaibhav Jewellers were established by the Founder Late Mr. Manoj Kumar Grandhi to introduce organised jewellery retail play in the markets they operate in. The Company started jewellery business as a Proprietorship Concern in the year 1994 with opening of first showroom in Vishakapatnam. In 2007 it launched V Square flagship showroom which is one of the largest in Visakhapatnam with jewellery retail space. As of now the Company has positioned itself as retailer in offering designs high quality transparency and customer service to customers. The Company opened Jewellery Showroom at Kakinada Andhra Pradesh and at Gajuwaka Visakhapatnam as well during year 201415 it opened Jewellery Showroom at Bobbili at Anakapalle in Andhra Pradesh opened Jewellery Showroom at Dilsukhnagar Hyderabad and at A.S. Rao Nagar Telangana in year 201617. Thereafter it expanded Jewellery Showroom at Gopalapatnam Visakhapatnam in 201819. The Company launched Visesha brand and opened a new Franchisee Store at Srikakulam Andhra Pradesh during 201819. Thereafter during the current fiscal the jewellery business of Company was expanded through ecommerce platform. During 202021 the Company further opened Franchisee Store at Vizianagaram Andhra Pradesh and a New Showroom at Tuni Andhra Pradesh. The Company is planning an IPO of raising capital upto Rs 210 Crore through Fresh Issue and an Offer for Sale up to 4300000 Equity Shares..

Listing date: 03 Oct, 2023
Chairperson Name: Bharata Mallika Ratna Kumari Grandhi