Motisons Jewellers Limited IPO Detail
Incorporated in October 1997, Motisons Jewellers Limited is engaged in the business of selling jewelry made of gold, diamonds, and Kundan, as well as other jewelry products such as pearl, silver, platinum, and other metals.
The company offers a wide range of products, including traditional, contemporary, and combination designs across various jewelry lines. These products cater to special occasions like weddings and festivals and daily wear jewelry for all ages and genders and across different price ranges.
Motisons Jewellers' flagship store 'Motisons Tower' is located in Jaipur, Rajasthan, spanning 16,002.06 Sq Ft and has 3 floors with a dedicated floor space for silver, gold, and diamond jewelry respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighborhood in the southwestern part of Jaipur, Rajasthan at Vaishali Nagar.
Competitive Strengths:-
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The company's showrooms are strategically located and the product portfolio is diversified across price points and categories.
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The company has an established heritage and legacy spanning over two decades with efficient systems and procedures to mitigate risk.
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Company Promoters
Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF and Sanjay Chhabra HUFIPO Details
IPO Opening Date | Dec 18, 2023 |
IPO Closing Date | Dec 20, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹52 - 55 per equity share |
Market Lot | 250 Shares |
Min Order Quantity | 250 Shares |
Listing At | BSE, NSE |
Issue Size | ₹151.09 Cr |
Fresh Issue | ₹151.09 Cr |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0.07x | - | - | 18.56x | 24.99x | 16.49x |
Day 2 | 0.56x | - | - | 93.07x | 71.85x | 56.03x |
Day 3 | 135.01x | - | - | 311.93x | 135.22x | 173.03x |
IPO Tentative Timetable
The Motisons Jewellers Limited IPO open date is Dec 18, 2023, and the close date is Dec 20, 2023. The issue may list on Dec 26, 2023.
IPO Open Date | Dec 18, 2023 |
IPO Close Date | Dec 20, 2023 |
Basis of Allotment Date | Dec 21, 2023 |
Initiation of Refunds | Dec 22, 2023 |
Credit of Shares to Demat Account | Dec 22, 2023 |
IPO Listing Date | Dec 26, 2023 |
IPO Lot Size
The Motisons Jewellers Limited IPO market lot size is 250 shares. A retail-individual investor can apply for up to 13 lots (3250 shares or ₹178750).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 250 | ₹13750 |
Maximum | 13 | 3250 | ₹178750 |
IPO Promoter Holding
Pre Issue Share Holding | 91.55% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 275.42 | 213.06 | 9.67 |
31-Mar-22 | 306.53 | 314.47 | 14.75 |
31-Mar-23 | 336.51 | 366.81 | 22.20 |
Objects of the Issue:
Motisons Jewellers Limited IPO Registrar:
Link Intime India Private Ltd
Motisons Jewellers Limited IPO Lead Manager(s):
Holani Consultants Private Limited
Company Contact Information:
Motisons Jewellers Limited
270, 271, 272 & 276
Johri Bazar
Jaipur – 302003