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Motisons Jewellers Limited IPO Detail

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:-

  • The company's showrooms are strategically located and the product portfolio is diversified across price points and categories.
    • The company has an established heritage and legacy spanning over two decades with efficient systems and procedures to mitigate risk.

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 HUF

IPO Details

IPO Opening DateDec 18, 2023
IPO Closing DateDec 20, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹52 - 55 per equity share
Market Lot250 Shares
Min Order Quantity250 Shares
Listing AtBSE, 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 DateDec 18, 2023
IPO Close DateDec 20, 2023
Basis of Allotment DateDec 21, 2023
Initiation of RefundsDec 22, 2023
Credit of Shares to Demat AccountDec 22, 2023
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1250₹13750
Maximum133250₹178750

IPO Promoter Holding

Pre Issue Share Holding91.55%
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:

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
 
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.

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