Motisons Jewellers Ltd
Price Range
₹52 - ₹55
Min. Quantity
250
Closes on
20 December 2023
Min. investment
₹13,750/3,500 Shares
Motisons Jewellers Ltd IPO Timeline
Motisons Jewellers Limited was originally formed as Partnership Firm under the name 'M/s. Motisons Jewellers', pursuant to a Partnership Deed dated October 16,1997. 'M/s Motisons Jewellers' thereafter converted into a Public Company with the name 'Motisons Jewellers Limited' on May 09, 2011 and was granted a Certificate of Incorporation dated May 09, 2011 issued by the ROC, Rajasthan at Jaipur.
| Event | Date |
|---|---|
| Motisons Jewellers Ltd IPO Opening Date | 18 December 2023 |
| Motisons Jewellers Ltd IPO Closing Date | 20 December 2023 |
| Basis of Allotment | 21 December 2023 |
| Initiation of Refunds | 22 December 2023 |
| Credit of Shares to Demat | 22 December 2023 |
| Motisons Jewellers Ltd IPO Listing Date | 26 December 2023 |
Motisons Jewellers Ltd IPO Details
| Motisons Jewellers Ltd IPO Date | 18 December 2023 to 20 December 2023 |
| Motisons Jewellers Ltd IPO Face Value | ₹10 per share |
| Motisons Jewellers Ltd IPO Price | ₹52 to ₹55 per share |
| Motisons Jewellers Ltd IPO Lot Size | 250 |
| Issue Size | Shares of ₹10 (aggregating up to ₹151.09 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹151.09 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 47,12,750 of the Net Offer |
| Retail Shares Offered | Not less than 1,06,62,250 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 54,96,000 of the Net Offer |
| Company Promoters | Sandeep Chhabra, Sanjay Chhabra, Namita Chhabra |
Motisons Jewellers Ltd IPO Lot Size
The Motisons Jewellers Ltd IPO lot size is 250 shares. A retail-individual investor can apply for up to 14 lots (3,500 shares or ₹1,92,500).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 250 | ₹13,750 |
| Maximum | 14 | 3,500 | ₹1,92,500 |
- Strengths
- Risks
- Opportunities
- We have an established brand name with heritage and a legacy of over two decades.
- Strategic location of its showrooms.
- Diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.
- Established systems and procedure to mitigate risks and efficiencies in inventory management; Quality control Technology focus; safety, security and Surveillance Systems and Procurement of raw materials to avoid the adverse affects of the same on the financial conditions and operations of the company.
- Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.
Company Financials
Motisons Jewellers Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 475 | 417.18 | 32.23 |
| 03-2023 | 336.51 | 366.81 | 22.20 |
| 03-2022 | 306.53 | 314.47 | 14.75 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repaymet of existing borrowings availed by the company from schduled commercial bank
- Funding the working capital requirement of the company
- General corporate purposes
Motisons Jewellers Ltd IPO Promoter Holding
| Pre Issue Share Holding | 8.95% |
| Post Issue Share Holding | 6.45% |
Motisons Jewellers Ltd IPO Subscription Status (Bidding Detail)
The Motisons Jewellers Ltd IPO is subscribed 159.61 times on 20 December 2023 05:00:00 PM. The public issue subscribed 122.28 times in the retail category, 157.4 times in the QIB category, and 233.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 157.4 | 233.91 | 122.28 | - | 159.61 |
Motisons Jewellers Ltd IPO Prospectus
Motisons Jewellers Ltd IPO Listing Date
| Listing Date | 26 December 2023 |
| BSE Script | 544053 |
| NSE Symbol | MOTISONS |
| Listing In | BSE, NSE |
| ISIN | INE0FRK01012 |
| IPO Price | ₹55 |
| Face Value | ₹10 |
Company Contact Information
270,271,272 & 276Johri Bazar,Jaipur-302003
Phone: 91-141-4150000
Email: csnareshsharma@motisons.com
Website: www.motisonsjewellers.com
Motisons Jewellers Ltd IPO Registrar
Motisons Jewellers Ltd IPO Lead Manager(s)
- Holani Consultants Pvt Ltd
FAQ
What is the issue size of Motisons Jewellers Ltd IPO?
I have pre-applied for Motisons Jewellers Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.