Explore the details of the Motisons Jewellers IPO, including subscription dates, price band, lot size, and more. Stay informed about this book-built issue set to list on BSE and NSE.
Introduction
Motisons Jewellers is gearing up for its Initial Public Offering (IPO), aiming to raise Rs 151.09 crores through a fresh issue of 2.75 crore shares. Dive into the specifics of this exciting investment opportunity.
Motisons Jewellers IPO Details
Subscription Period
The Motisons Jewellers IPO opens on December 18, 2023, and concludes on December 20, 2023.
Price Band
Investors can subscribe to shares at a price ranging from ₹52 to ₹55 per share.
Lot Size
The minimum lot size for an application is 250 shares.
Application Details
For retail investors, the minimum investment required is ₹13,750, based on the minimum lot size. High Net Worth Individuals (HNIs) can invest in lots of 15 (₹206,250) to 73 (₹1,003,750) shares.
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Key Dates
The allotment process is expected to be completed by December 21, 2023. The tentative listing date for Motisons Jewellers on BSE and NSE is December 26, 2023.
Book Running Lead Manager
Holani Consultants Private Limited is overseeing the book-building process, with Link Intime India Private Ltd serving as the issue’s registrar.
Anchor Investors
Motisons Jewellers IPO has successfully garnered Rs 36.30 crores from anchor investors in a bid held on December 15, 2023.
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IPO Timeline
Get ready for the IPO journey:
- IPO Opens: December 18, 2023
- IPO Closes: December 20, 2023
- Basis of Allotment: December 21, 2023
- Refunds Begin: December 22, 2023
- Demat Credits: December 22, 2023
- Listing Date: December 26, 2023
Lot Size Calculator
Investors can bid for a minimum of 250 shares and in multiples thereof. Refer to the table for retail and HNI investment options.
Promoter Holding
Motisons Jewellers is backed by promoters including Mr. Sandeep Chhabra and others, holding 91.55% pre-issue, set to dilute to 66.00%.
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About Motisons Jewellers
Established in 1997, Motisons Jewellers specializes in gold, diamond, and kundan jewelry. With a diverse product range and over two decades of experience, the company stands out in the market.
Financial Snapshot
Review Motisons Jewellers’ financial performance:
- Revenue Increase: 16.64%
- PAT Rise: 50.51%
- Market Cap: ₹541.45 Cr
- P/E: 17.59
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Objectives of the Issue
The IPO aims to utilize net proceeds for:
- Repayment of existing borrowings
- Funding working capital
- General corporate purposes
GMP and Listing Expectations
As of December 14, 2023, the Grey Market Premium (GMP) stands at ₹100, signaling robust investor interest. Expect a dynamic listing with a potential premium.
How to Apply
Investors can participate in the Motisons Jewellers IPO by applying for the minimum lot size and multiples thereof. The issue presents an exciting opportunity to delve into the luxury goods sector.
Stay tuned for more updates on Motisons Jewellers IPO as it unfolds its journey in the market.
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