Manoj Vaibhav Gems N Jewellers Limited — Others, 14-05-2025: Monitoring Agency Report

Manoj Vaibhav Gems ‘N’ Jewellers Limited has announced a monitoring agency report confirming full utilization of its Rs. 210 Cr IPO proceeds, mainly invested in capital expenditure for eight new showrooms (Rs. 12 Cr), inventory procurement (Rs. 160.02 Cr), and general corporate purposes (Rs. 17.32 Cr). Recent spending included Rs. 7.21 Cr on showroom setup, Rs. 61.43 Cr on inventory, and Rs. 4.04 Cr on corporate activities like working capital. Utilization proceeded on schedule, supporting the company’s expansion and growth strategy.