Manoj Jewellers Ltd IPO

Manoj Jewellers Limited was incorporated as private limited Company under the name Manoj Jewellers Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 21, 2007 issued by Assistant Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands. Subsequently, the Company was converted into a public limited company pursuant to approval of the Shareholders at an Extraordinary General meeting held on June 13, 2022 and consequently, the name of the Company was changed to Manoj Jewellers Limited and a Fresh Certificate of Incorporation consequent upon conversion to Public Limited Company was issued by Registrar of Companies, Chennai, on July 14, 2022.

The market size for India's gems and jewelry sector was valued at US$ 78.50 billion in FY21. Growth in exports is mainly due to revived import demand in the export market of the US and fulfillment of orders received by numerous Indian exhibitors during the Virtual Buyer-Seller Meets (VBSMs) conducted by GJEPC. India's gems and jewelry exports reached US$ 39.14 billion in 2021-22, a 54.13% rise from the previous year. In October 2022, India's gems and jewelry exports was at US$ 1.48 billion. The Government of India is aiming at US$ 70 billion in jewelry export in the next five years (until 2025), up from US$ 35 billion in 2020. India's position as a hub for jewelry manufacturing, supported by 450 organized manufacturers, importers, and exporters, is likely to strengthen as liberal policies continue to benefit the sector. The industry is projected to reach a market size of US$ 100 billion by 2027, supported by these positive developments and increasing demand for jewellery.

Manoj Jewellers Limited is engaged in the retail and wholesale business of jewellery and ornaments made from gold and diamonds, embellished with precious and semiprecious stones. Its extensive portfolio includes a wide range of items such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. Its diverse collection caters to various tastes and occasions, offering customers a selection of exquisite pieces to choose from. Manoj Jewellers Limited aims to provide high-quality and beautifully crafted jewellery to meet the needs and preferences of its clientele.