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Motisons Jewellers IPO is a book build issue of ₹151.09 crores. The issue is entirely a fresh issue of 2.75 crore shares of ₹151.09 crore.
Motisons Jewellers IPO bidding started from Dec 18, 2023 and ended on Dec 20, 2023. The allotment for Motisons Jewellers IPO was finalized on Dec 21, 2023. The shares got listed on BSE, NSE on Dec 26, 2023.
Motisons Jewellers IPO price band is set at ₹55.00 per share . The lot size for an application is 250. The minimum amount of investment required by an retail is ₹13,000 (250 shares). The lot size investment for sNII is 15 lots (3,750 shares), amounting to ₹2,06,250, and for bNII, it is 73 lots (18,250 shares), amounting to ₹10,03,750.
Holani Consultants Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Motisons Jewellers IPO RHP for detailed Information.
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | December 26, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹52 to ₹55 per share |
| Issue Price Final | ₹55 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,74,71,000 shares (aggregating up to ₹151.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 9,84,46,000 shares |
Motisons Jewellers IPO offers total 2,74,71,000 shares. Out of which 1,13,12,750 (41.18%) allocated to QIB, 47,12,750 (17.16%) allocated to QIB, 54,96,000 (20.01%) allocated to NII, 1,06,62,250 (38.81%) allocated to RII and 66,00,000 (24.03%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,13,12,750 (41.18%) | NA |
| − Anchor Investor Shares Offered | 66,00,000 (24.03%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 47,12,750 (17.16%) | NA |
| NII (HNI) Shares Offered | 54,96,000 (20.01%) | NA |
| − bNII > ₹10L | 36,64,000 (13.34%) | 977 |
| − sNII < ₹10L | 18,32,000 (6.67%) | 488 |
| Retail Shares Offered | 1,06,62,250 (38.81%) | 42,649 |
| Total Shares Offered | 2,74,71,000 (100.00%) |
Motisons Jewellers IPO raises ₹36.30 crore from anchor investors. Motisons Jewellers IPO Anchor bid date is December 15, 2023. Motisons Jewellers IPO Anchor Investors list
| Bid Date | December 15, 2023 |
| Shares Offered | 66,00,000 |
| Anchor Portion Size (In Cr.) | 36.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 20, 2024 |
Motisons Jewellers IPO opens on December 18, 2023, and closes on December 20, 2023.
| IPO Open Date | Mon, Dec 18, 2023 |
| IPO Close Date | Wed, Dec 20, 2023 |
| Tentative Allotment | Thu, Dec 21, 2023 |
| Initiation of Refunds | Fri, Dec 22, 2023 |
| Credit of Shares to Demat | Fri, Dec 22, 2023 |
| Tentative Listing Date | Tue, Dec 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 20, 2023 |
Investors can bid for a minimum of 250 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹13,750 |
| Retail (Max) | 14 | 3,500 | ₹1,92,500 |
| S-HNI (Min) | 15 | 3,750 | ₹2,06,250 |
| S-HNI (Max) | 72 | 18,000 | ₹9,90,000 |
| B-HNI (Min) | 73 | 18,250 | ₹10,03,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Motisons Jewellers Limited, established in October 1997, sells gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.
The company offers a wide range of products including traditional, modern and combination designs in various jewellery lines. These products are suitable for special occasions such as weddings and celebrations as well as for everyday use, for all ages and genders and in different price ranges.
The company offers a wide range of jewellery products with over 300,000 designs in gold, diamonds and other materials at different price points.
Motisons Jewellers' flagship store, Motisons Tower, is located in Jaipur, Rajasthan, and offers silver, gold and diamond jewellery across three floors. The latest branch, which opened in 2021, is located in the affluent Vaishali Nagar neighbourhood in the southwestern part of Jaipur, Rajasthan.
Competitive strengths:-
Motisons Jewellers Limited's revenue increased by 16.64% and profit after tax (PAT) rose by 50.51% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 348.13 | 336.51 | 306.53 | 275.42 |
| Total Income | 86.76 | 366.81 | 314.47 | 213.06 |
| Profit After Tax | 5.48 | 22.20 | 14.75 | 9.67 |
| Net Worth | 142.81 | 137.40 | 115.45 | 100.96 |
| Reserves and Surplus | ||||
| Total Borrowing | 166.03 | 164.54 | 151.60 | 141.43 |
| Amount in ₹ Crore | ||||
The market capitalization of Motisons Jewellers IPO is ₹541.45 Cr.
| KPI | Values |
|---|---|
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| RoNW | 16.15% |
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has its operation confined to Jaipur City of Rajasthan so far. It has posted growth in its top lines with fluctuating margins. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | December 26, 2023 |
| BSE Script Code | 544053 |
| NSE Symbol | MOTISONS |
| ISIN | INE0FRK01012 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | T |
Motisons Jewellers Ltd.
270, 271,
272 & 276,
Johri Bazar,
Jaipur, Rajasthan, 302003
Phone: +91 – 141– 4150000
Email: nehajaincs@motisons.com
Website: https://motisonsjewellers.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: motisons.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Motisons Jewellers IPO is a main-board IPO of 2,74,71,000 equity shares of the face value of ₹10 aggregating up to ₹151.09 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 250.
The IPO opens on December 18, 2023, and closes on December 20, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Motisons Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Motisons Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Motisons Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Motisons Jewellers IPO opens on December 18, 2023 and closes on December 20, 2023.
Motisons Jewellers IPO lot size is 250, and the minimum amount required for application is ₹13,750.
You can apply in Motisons Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Motisons Jewellers IPO will be done on Thursday, December 21, 2023, and the allotted shares will be credited to your demat account by Friday, December 22, 2023. Check the Motisons Jewellers IPO allotment status.
The Motisons Jewellers IPO listing date is on Tuesday, December 26, 2023.
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