Manoj Vaibhav Gems IPO listing date today. GMP, experts predict positive debut of shares

livemint.com:

Manoj Vaibhav Gems IPO: Listing date of the initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited has been fixed on 3rd October 2023. As per the BSE notice, "... effective from Tuesday, October 3, 2023, the equity shares of Manoj Vaibhav Gems 'N' Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' group of securities." Manoj Vaibhav Gems share price will list on BSE and NSE at around 9:45 AM in sprecial pre-open session during Tuesday deals and Manoj Vaibhav Gems shares will become available for trade from 10:00 AM on Tuesday.

According to stock market experts, Manoj Vaibhav Gems 'N' Jewellers Limited is a hyperlocal jewellery brand, whis has strong rpesence in Andhra Pradesh and Telangana. Its single outlet in Vishakhapattanam bring rs 1350 crore annual business. So, its one outlet is enough to keep it in profit zone.

However, much will depend upon its performance in post-listing phase. They said that Manoj Vaibhav Gems shares may have a positive debut on listing date. They said that Manoj Vaibhav Gems share price may open at around ₹5 to ₹8 per share premium.