Motisons Jewellers Upcoming IPO : (Check Out The GMP)
Motisons Jewellers is set to enter the capital market with its Initial Public Offering (IPO), a book-built issue valued at Rs 151.09 crores. The IPO comprises an entirely fresh issue of 2.75 crore shares, offering investors an opportunity to participate in the growth prospects of the renowned jewelry company.
The subscription period for the Motisons Jewellers IPO is scheduled to open on December 18, 2023, and close on December 20, 2023. Investors can apply for shares within a price band of ₹52 to ₹55 per share. The minimum lot size for an application is set at 250 shares, requiring a minimum investment of ₹13,750 for retail investors.
Important Dates:
| Opening Date | 18 Dec 2023 |
| Closing Date | 20 Dec 2023 |
| Allotment Date | 21 Dec 2023 |
| Listing Date | 26 Dec 2023 |
| Issue Price | ₹52 to ₹55 per share |
| Minimum Lot Size | 250 Shares |
Subscription Details:
| Total Issue Size | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
Reservation Details:
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Lot Size of DOMS IPO:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 250 | ₹13,750 |
| Retail (Max) | 14 | 3500 | ₹192,500 |
| S-HNI (Min) | 15 | 3,750 | ₹206,250 |
| S-HNI (Max) | 72 | 18,000 | ₹990,000 |
| B-HNI (Min) | 73 | 18,250 | ₹1,003,750 |
Current GMP (17-12-2023):
₹106, Expected returns is +1900% from the issue price.
Registrar:
Link Intime India Private Ltd is the registrar for the issue.
About Motisons Jewellers Limited:
Motisons Jewellers Limited, established in October 1997, has established itself as a prominent player in the jewelry industry. With a focus on providing exquisite designs and high-quality craftsmanship, the visitor specializes in selling a diverse range of jewelry products, including gold, diamond, kundan, pearls, silver, platinum, and other metals.The visitor takes pride in offering an wide-stretching hodgepodge of products that cater to various tastes and preferences. Their repertoire includes traditional, modern, and combination designs wideness variegated jewelry lines. These designs are not only suitable for special occasions such as weddings and celebrations but moreover cater to everyday wear. Motisons Jewellers ensures that their products request to all month and genders, providing options in variegated price ranges to suit diverse consumer needs.Motisons Jewellers boasts an impressive itemize of over 300,000 designs in gold, diamonds, and other materials, showcasing the company’s transferral to providing a wide variety of choices for its customers. The company’s flagship store, Motisons Tower, located in Jaipur, Rajasthan, stands as a testament to their transferral to excellence. The store spans three floors and offers a rich variousness of silver, gold, and diamond jewelry.
In line with its expansion strategy, Motisons Jewellers opened a new workshop in 2021, strategically located in the well-off Vaishali Nagar neighborhood in the southwestern part of Jaipur, Rajasthan. This expansion reflects the company’s dedication to reaching new markets and serving a broader consumer base.Motisons Jewellers has identified several competitive strengths that contribute to its success in the market. The strategic location of its showrooms ensures maximum visibility and accessibility, attracting a diverse consumer base. The product portfolio is diversified not only by category but moreover by price range, permitting the visitor to cater to a wide spectrum of consumers.
With a rich heritage and wits spanning over two decades, Motisons Jewellers has cultivated a strong reputation in the industry. The company’s longevity speaks to its resilience and worthiness to transmute to waffly market dynamics. Additionally, Motisons Jewellers has implemented efficient risk mitigation systems and procedures, showcasing a transferral to operational excellence and ensuring a secure and stable merchantry environment.
In summary, Motisons Jewellers Limited stands as a steer of craftsmanship and diversity in the jewelry market. Through its wide-stretching product range, strategic locations, and decades-long experience, the visitor continues to thrive and capture the hearts of customers looking for quality and elegance in their jewelry choices.
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