Motisons Jewellers IPO: Know Full 10 Important Details Before Subscribing

In this article, you will get in-depth knowledge of Motisons Jewellers IPO.

Motisons Group: Crafting Elegance Since 1998 Nestled in the bustling business realm of Jaipur, Motisons Group has etched its name as a prominent player. This year marks its remarkable journey, commencing in 1998 as a humble jeweller and swiftly evolving into one of the most renowned brands not just in Jaipur but across the entire nation.

Here are the 10 Important Details of Motisons Jeweller’s IPO

About Motisons Jewellers IPO:

Embarking on a journey to bring its unique charm to the public market, Motisons Jewellers, a beloved jewellery maker owned by the Chhabra family, is all set to raise ₹151.09 crores through its Initial Public Offering (IPO). This offering, taking place from December 18 to December 20, is exclusively a fresh issue comprising 2.74 crore equity shares.

Anchor Investor Engagement:

Before the public offering buzz began, Motisons Jewellers secured ₹36.3 crores from anchor investors on December 15. Interestingly, this prelude had only two-star investors taking part, and notably, no shares found their way to funds.

Diving into the IPO Details:

The IPO, categorized as a book-built issue, is entirely fresh with a price band set between ₹52 and ₹55 per share, making it a noteworthy venture valued at ₹151.09 crores. This fresh issue specifically involves 2.75 crore shares.

A Fair Share for Investors:

To ensure a balanced playing field, the IPO reserves not more than 50% for Qualified Institutional Buyers (QIBs), at least 35% for our everyday retail investors, and a warm 15% for Non-Institutional Investors (NIIs).

Behind the Scenes:

Ensuring a smooth process, Link Intime India Private Ltd has taken on the role of the registrar, while the choreography of the offering is being orchestrated by the seasoned team at Holani Consultants Private Limited, serving as the book-running lead manager.

Meet the Makers:

At the heart of Motisons Jewellers are its passionate 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.

The Waiting Game:

Brace yourselves for the big moment! The allotment for Motisons Jewellers IPO is eagerly anticipated to be revealed on Thursday, December 21, 2023.

The Grand Listing:

The stage is set! Motisons Jewellers IPO is poised to make its grand entry onto the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date earmarked for Tuesday, December 26, 2023.

Putting the Funds to Good Use:

Beyond the financial figures, it’s heartening to know that out of the net fresh issue proceeds, ₹58 crores will be dedicated to easing the burden of debt, ₹71 crores will be the driving force for working capital requirements, and the rest will find purpose in the broader canvas of general corporate pursuits.

A Personal Note:

So, if you’re contemplating joining the Motisons Jewellers IPO journey, these insights into the company’s ethos, coupled with its strategic fund allocation, paint a promising picture for potential investors. It’s not just about shares; it’s about becoming a part of a sparkling narrative in the world of jewellery craftsmanship. Cheers to new beginnings!

General questions with answers:

motisons jewellers ipo listing price- ₹52-55 per share
motisons jewellers ipo gmp- ₹120(grey market premium)
motisons jewellers ipo share price- ₹52-55 per share
motisons jewellers ipo is good or bad- subscribe with caution
motisons jewellers ipo apply- use Zerodha, Angel One, Groww App
motisons jewellers ipo listing date- 26th December 2023
motisons jewellers ipo subscription status- As the clock struck 2:12 in the afternoon on the opening day of bidding, the public sector received an enthusiastic response, with an impressive 8.59 times subscription for its overall offering. On the retail front, the excitement was even higher, boasting a remarkable 13.46 times subscription. The Non-Institutional Investors (NII) section saw a healthy 6.48 times subscription.