Chennai-based Manoj Jewellers' initial share sale remained undersubscribed at 70.4 percent even on the second day of bidding, May 6. The public issue will close on May 7.
The gold jewellery and ornaments retailer, with two stores in Chennai, is raising Rs 16.2 crore via initial public offering (IPO) of 30 lakh shares at a price of Rs 54 per share.
This is a fixed price issue.
Investors subscribed 21.12 lakh shares in the last two days via 398 applications, the subscription data published on the BSE showed.
Manoj Jewellers intends to utilise Rs 13.23 crore out of net IPO proceeds for repaying debt, and the remainder funds for general corporate purpose.
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As of November 2025, its total outstanding secured borrowings were Rs 17.08 crore.
Jawa Capital Services is acting as the sole book running lead manager for Manoj Jewellers IPO.
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