Bookbuilding IPO | ₹151 Cr | Listed at BSE, NSE | Mon, Dec 18, 2023 - Wed, Dec 20, 2023
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 per share. The lot size for an application is 250. The minimum amount of investment required by an retail is ₹13,750 (250 shares) (based on upper price). 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 Open
Mon, Dec 18, 2023
IPO Close
Wed, Dec 20, 2023
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹541.45 Cr
| IPO Date | 18 to 20 Dec, 2023 |
| Listed on | Tue, Dec 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,74,71,000 shares (agg. up to ₹151 Cr) |
| Fresh Issue | 2,74,71,000 shares (agg. up to ₹151 Cr) |
| Share Holding Post Issue | 9,84,46,000 shares |
| BSE Script Code / NSE Symbol | 544053 / MOTISONS |
| ISIN | INE0FRK01012 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 250 shares and in multiples thereof.
| 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 |
Motisons Jewellers IPO raises ₹36.30 crore from anchor investors. Motisons Jewellers IPO Anchor bid date is December 15, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 15, 2023 |
| Shares Offered | 66,00,000 |
| Anchor Portion (₹ Cr.) | 36.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 20, 2024 |
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:-
| 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 |
| Total Borrowing | 166.03 | 164.54 | 151.60 | 141.43 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of existing borrowings availed by the company from scheduled commercial banks | 58.00 |
| 2 | Funding the working capital requirements of the Company; and | 71.00 |
| 3 | General corporate purposes. | 2.99 |
| KPI | |
|---|---|
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| RoNW | 16.15% |
| PAT Margin | 6.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.42 | |
| P/E (x) | 17.59 | 24.66 |
| Promoter Holding | 91.60% | 66.00% |
| Market Cap | ₹541.45 Cr. |
The Motisons Jewellers IPO is subscribed 173.23 times on December 20, 2023 7:02:00 PM (Day 3). The public issue subscribed 135.60 times in the retail category, 135.01 times in the QIB category, and 311.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 135.01 | 54,94,200 | 74,17,94,250 |
| NII | 311.99 | 41,20,650 | 1,28,55,93,250 |
| bNII (> ₹10L) | 273.86 | 27,47,100 | 75,23,07,750 |
| sNII (< ₹10L) | 388.25 | 13,73,550 | 53,32,85,500 |
| Retail | 135.60 | 96,14,850 | 1,30,38,20,500 |
| Total | 173.23 | 1,92,29,700 | 3,33,12,08,000 |
Total Applications: 47,44,533
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM (including Underwriting commission) | 8.89 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs 1,2,3 | 0.55 |
| 3 | Advertising and marketing expenses | 4.53 |
| 4 | Fees payable to the Legal Advisors | 0.16 |
| 5 | Fees payable to the Registrar to the Issue | 0.50 |
| 6 | Fees payable to the to the regulators including Stock Exchanges | 3.14 |
| 7 | Printing and distribution of Issue stationery | 0.05 |
| 8 | Others (Bankers to the Issue, auditor's fees etc.) 4 | 1.28 |
| Total | 19.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹55.00 | ₹55.00 |
| Open | ₹103.90 | ₹109.00 |
| Low | ₹99.01 | ₹103.55 |
| High | ₹109.09 | ₹109.80 |
| Last Trade | ₹101.18 | ₹103.55 |
Lead Manager Reports
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 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 250.
The IPO opens on Mon, Dec 18, 2023, and closes on Wed, Dec 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 Mon, Dec 18, 2023 and closes on Wed, Dec 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 Fri, Dec 22, 2023. Check the Motisons Jewellers IPO allotment status.
The Motisons Jewellers IPO listing date is on Tue, Dec 26, 2023.
