Motisons Jewellers is scheduled to hit the market on December 18 , 2023 and close on December 20, 2023. Motisons Jewellers plans to raise around ₹151.09 Cr through an IPO with a sale of up to 27,471,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in October 1997, Motisons Jeweller Limited operates in the business of retailing jewelry crafted from gold, diamonds, and Kundan. Additionally, the company offers a diverse range of jewelry products, encompassing pearls, silver, platinum, and other metals.
Motisons Jeweller Limited presents an extensive array of products, featuring traditional, contemporary, and combination designs, catering to various jewelry lines. The offerings are designed for special occasions such as weddings and festivals, encompassing daily wear jewelry suitable for all ages and genders, available across different price ranges.
Motisons Jewellers IPO Details
Motisons Jewellers IPO opens on Dec 18 , 2023, and closes on Dec 20 , 2023. The Listing date for Motisons Jewellers IPO is on Dec 26, 2023. The price band for IPO is ₹52 to ₹55 per share and lot size of 250 Shares.
| IPO Date | Dec 18 , 2023 to Dec 20, 2023 |
| Listing Date | Dec 26, 2023 |
| Price | ₹52 to ₹55 per share |
| Lot Size | 250 Shares |
| Issue Size | ₹27,471,000 Cr |
| Face Value | ₹10 per share |
Motisons Jewellers IPO Tentative Timetable
Motisons Jewellers opening date is December 18, 2023 and close date is December 20, 2023. The IPO allotment date is December 21, 2023. The refund initiation of IPO is on December 22, 2023. The credit of shares in demat account is on December 22, 2023. The listing date is on December 26 , 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 18, 2023 |
| IPO Closing | Dec 20, 2023 |
| IPO Allotment Date | Dec 21, 2023 |
| Refund Initiation | Dec 22, 2023 |
| Shares Credit to Demat | Dec 22, 2023 |
| Lisiting Date | Dec 26, 2023 |
Motisons Jewellers IPO Lot Size
Lot Size of this IPO is 250 shares. A retail-individual investor can apply for up to 14 lots ( 3500 shares or ₹192,500).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 250 | ₹13,750 |
| Retail(Maximum) | 14 | 3500 | ₹192,500 |
| S-HNI (Minimum) | 15 | 3750 | ₹206,250 |
| B-HNI (Minimum) | 73 | 18250 | ₹1,003,750 |
Motisons Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 91.546% |
| Post Issue Share Holding |
Motisons Jewellers IPO Review
Motisons Jeweller Limited, a prominent player in the jewellery business since its incorporation in October 1997, is set to embark on an Initial Public Offering (IPO), providing investors with an opportunity to be part of its legacy. The company specializes in offering a diverse range of jewellery, encompassing gold, diamonds, Kundan, and other metals like pearl, silver, and platinum. With a product portfolio spanning traditional, contemporary, and combination designs, Motisons Jeweller caters to a broad audience, covering special occasions and daily wear for all age groups and genders.
The competitive strengths of Motisons Jeweller position it favorably in the market. The strategic location of its showrooms, coupled with a diversified product range across various price points and categories, enhances its market presence. With a heritage and legacy extending over two decades, the company has established efficient systems and procedures, contributing to risk mitigation and operational excellence.
In terms of financial performance, Motisons Jewellers has demonstrated robust growth, evident in the 47.6% increase in revenue and a noteworthy 52.48% rise in profit after tax between March 2021 and March 2022. As investors evaluate the IPO, key considerations will include the issue size, pricing details, and the company's growth strategies. A comprehensive analysis will provide valuable insights into Motisons Jeweller Limited's potential for sustained success in the competitive jewellery market.
Motisons Jewellers IPO Subscription Status (Bidding Details)
No IPO ID provided. Check if the "ipo-subscription" field is set for this post.Motisons Jewellers IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Motisons Jewellers IPO FAQs
What is Motisons Jewellers IPO?
Motisons Jewellers is issuing 27,471,000 equity shares with a face value of ₹10 each, totaling up to ₹151.09 Cr. The shares are being offered at a price of ₹52 to ₹55 each, with a minimum order quantity of 250 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Motisons Jewellers IPO will open?
Motisons Jewellers will open on December 18 , 2023 for QIB, NII, and Retail Investors.
When Motisons Jewellers IPO will end?
Motisons Jewellers will end on December 20, 2023.
What is Motisons Jewellers IPO Size?
Motisons Jewellers IPO size is ₹151.09 Cr.
What is Motisons Jewellers IPO Price Band?
Motisons Jewellers price band is ₹52 to ₹55 per share.
What is the Motisons Jewellers IPO Allotment Date?
Motisons Jewellers allotment date is December 21, 2023.
What is the Motisons Jewellers IPO Listing Date?
Motisons Jewellers listing date is December 26December 18, 2023, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Motisons Jewellers IPO through Zerodha?
To apply for the IPO “Motisons Jewellers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Motisons Jewellers IPO through Upstox?
To apply for the IPO “Motisons Jewellers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Motisons Jewellers IPO Allotment Status?
For Motisons Jewellers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Motisons Jewellers IPO GMP?
You can check out here: Motisons Jewellers IPO GMP
Motisons Jewellers IPO presents an interesting investment opportunity. With a successful legacy of over two decades, the company has shown amazing growth. But honestly i feel we should be cautious at the time of listing.