1.Company Information

Incorporated in 2003, Manoj Vaibhav Gems 'N' Jewellers Limited also known as Vaibhav Jewellers is a regional jewelry brand in South India. The company offers gold, silver, and diamond jewelry, precious gemstones, and other jewelry products through retail showrooms as well as through its website. Vaibhav Jewellers' cater to all economic segments of the micro markets of Andhra Pradesh and Telangana through their retail showrooms and their website with a focus on both rural and urban markets. The company has positioned itself as a retailer focussed on 'Relationships, by Design' where it focuses on offering designs, high quality, transparency, and customer service to its customers. The company has 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities in Andhra Pradesh & Telangana.

2. Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1. To Finance the Establishment of the proposed 8 new showrooms, i.e.

(A) Capital expenditure cost for the proposed eight (8) new showrooms,

(B)) Inventory cost for the proposed eight (8) new showrooms,

2. General corporate purposes.

3.Manoj Vaibhav Gems 'N' Jewellers IPO Registrar

Bigshare Services Pvt Ltd

Phone:+91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html