Motisons Jewellers IPO Price: ₹52 - ₹55
IPO Date Range: Dec 18, 2023 - Dec 20, 2023
Established in October 1997, Motisons Jewellers Limited specializes in offering a wide array of exquisite jewelry crafted from gold, diamonds, Kundan, and an assortment of other materials including pearls, silver, platinum, and various metals.
The company provides an extensive array of products encompassing traditional, contemporary, and blended designs within diverse jewelry lines. These offerings cater to special occasions such as weddings and festivals, as well as everyday jewelry suitable for all ages and genders, available across various price ranges.
The prominent Motisons Tower serves as the flagship store of Motisons Jewellers, nestled in Jaipur, Rajasthan. Spanning 16,002.06 Sq Ft, it boasts three floors, each dedicated to silver, gold, and diamond jewelry. Additionally, their latest outlet, established in 2021, graces the affluent Vaishali Nagar, situated in the southwestern region of Jaipur, Rajasthan.
Key Competitive Strengths:
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 250 shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 70,975,000 |
| Share holding post issue | 98,446,000 |
Investors can bid for a minimum of 250 shares or in multiples of this number. The table below outlines the minimum and maximum investment amounts for both retail investors and HNIs, in terms of shares and monetary value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹13,750 |
| Retail (Max) | 14 | 3,500 | ₹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 |
| 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 |
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
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Between the financial years ending March 31, 2023, and March 31, 2022, Motisons Jewellers Limited saw a 16.64% surge in revenue and a 50.51% rise in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 275.42 | 306.53 | 336.51 | 348.13 |
| Revenue | 213.06 | 314.47 | 366.81 | 86.76 |
| Profit After Tax | 9.67 | 14.75 | 22.20 | 5.48 |
| Net Worth | 100.96 | 115.45 | 137.40 | 142.81 |
| Total Borrowings | 141.43 | 151.60 | 164.54 | 166.03 |
| KPI | Values |
|---|---|
| P/E (x) | 24.39 |
| Market Cap (₹ Cr.) | 541.45 |
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/ Equity | 3.32 |
| EPS (Rs) | 3.42 |
| RoNW | 16.15% |
The company intends to allocate the Net Proceeds from the Fresh Issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Motisons Jewellers IPO DRHP and Motisons Jewellers IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Motisons Jewellers Limited" IPO is ₹52 to ₹55 per share.
The "Motisons Jewellers Limited" IPO is expected to be listed on Tuesday, 26 December 2023.
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