Motisons Jewellers, a renowned name in the Indian jewellery sector, it’s Motisons Jewellers IPO which opened on 18 December 2023 and is set to close on 20 December 2023. After the IPO, the company’s shares will be listed on the BSE and the NSE on 26 December 2023.
The company has set the face value of its shares at ₹10 per share, with a price band ranging between ₹52 to ₹55 per share. One of the key highlights of the IPO is the lot size, which has been fixed at 250 shares.
The issue type is a Book Built Issue IPO, The total issue size of the IPO is a significant 27,471,000 shares, aggregating up to ₹151.09 Crore. The company has decided to go for a fresh issue of 27,471,000 shares, aggregating up to ₹151.09 Crore.
Motisons Jewellers IPO Details
| IPO | Motisons Jewellers Limited |
|---|---|
| IPO Open | 18 December 2023 |
| IPO Close | 20 December 2023 |
| Lot Size | 250 Shares |
| IPO Size | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
| IPO Price | ₹52 to ₹55 per share |
| Listing Exchange | BSE, NSE |
| Allotment Date | 21 December 2023 |
| Refunds | 22 December 2023 |
| Demat Account | 22 December 2023 |
| Listing Date | 26 December 2023 |
| RHP | |
| DRHPs |
About Motisons Jewellers
Motisons Jewellers is a leading jewelry brand based in Jaipur, Rajasthan, India. The company was originally formed as a partnership firm in 1997 and later converted into a public limited company in 2011.
Motisons Jewellers operates a hyperlocal jewelry retail chain with four showrooms, including a flagship showroom. The company offers a wide range of jewelry products made of gold, diamond, kundan, as well as other jewelry products such as pearl, silver, platinum, precious and semi-precious stones, and other metals.
Their product portfolio comprises over 300,000+ jewelry designs, including a wide range of gold, diamond, and other jewelry products across different price points. Motisons Jewellers focuses on offering designs, high quality, transparency, and customer service to its customers.
The company hallmark all their gold products to ensure quality and purity, in line with the quality and purity metrics prescribed by BIS. Motisons Jewellers is led by experienced entrepreneurs Mr. Sandeep Chhabra and Mr. Sanjay Chhabra, sons of Mr. Moti Lal Jain, who have more than 20 years of experience in the jewelry industry.
Motisons Jewellers Company Financial
The Red Herring Prospectus of Motisons Jewellers Limited provides comprehensive information about the company’s financial performance, including its restated financial information, management’s discussions and analysis of financial condition, and results of operations and other relevant financial metrics.
As of 30 June 2023, Motisons Jewellers’ total assets stood at ₹34,813.00 lakhs, showing a steady increase over the past years from ₹27,542.21 lakhs in 2021. This growth is primarily attributed to a significant rise in current assets, particularly inventories, which escalated to ₹33,070.53 lakhs in 2023 from ₹23,984.21 lakhs in 2021.
The company’s equity and liabilities also saw a consistent rise. The total equity reached ₹14,280.55 lakhs as of 30 June 2023, up from ₹10,096.29 lakhs in 2021. This increase is mainly due to the growth in other equity-attributable to the owners of the company, which jumped from ₹3,598.79 lakhs in 2021 to ₹7,783.05 lakhs in 2023.
Motisons Jewellers’ liabilities have also expanded, with total liabilities amounting to ₹20,532.45 lakhs as of 30 June 2023. This includes both current and non-current liabilities, with short-term borrowings constituting a significant portion, amounting to ₹15,409.09 lakhs.
In terms of income, the company reported a revenue from operations of ₹8,672.83 lakhs for the period ending 30 June 2023, contributing to a total income of ₹8,676.26 lakhs for the same period. This marks a substantial growth compared to ₹21,304.01 lakhs in 2021. The cost of material consumed and the purchase of stock in trade were the major expense heads, amounting to ₹281.33 lakhs and ₹7,207.26 lakhs, respectively, for the period ending 30 June 2023.
The profit after tax for the period ending 30 June 2023 was ₹547.76 lakhs, a significant increase from ₹967.17 lakhs in 2021. This growth reflects the company’s effective management and robust operational strategies.
The restated statement of cash flows indicates a net decrease in cash and cash equivalents by ₹98.98 lakhs for the period ending on 30 June 2023. However, the company has maintained a healthy cash flow from operating activities, which stood at ₹249.77 lakhs for the same period.
Apply for the Motisons Jewellers IPO
You can pre-apply for the Motisons Jewellers IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription. Follow these steps to pre-apply for the IPO:Â
- Click on the “Open an Account“
- Fill in the required details
- Complete the verifying your identity
- Login to Your Account
- in the IPO section, click the ‘Motisons Jewellers IPO’ tabÂ
- fill in the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
Motisons Jewellers IPO Lot Size
| 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 |
- QIB Quota:- 50%
- Retail Quota:- 35%
- NII Quota:- 15%
Motisons Jewellers IPO Subscription
The IPO Subscription Status provides information about how many times the offered shares have been subscribed by investors.
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Motisons Jewellers IPO GMP
Motisons Jewellers IPO GMP (Grey Market Premium), which is an unofficial indicator of how the shares might perform when they are officially listed. Motisons Jewellers’ day-wise IPO GMP trend, check out the table.
| GMP Date | GMP | Estimated Listing Price |
|---|---|---|
| 15-12-2023 | ₹105  | ₹160 (190.91%) |
| 14-12-2023 | ₹100 | ₹155 (181.82%) |
| 13-12-2023 | ₹100  | ₹155 (181.82%) |
| 12-12-2023 | ₹60  | ₹115 (109.09%) |
| 11-12-2023 | ₹60  | ₹60 (%) |
Motisons Jewellers IPO price?
– The Motisons Jewellers IPO price band from ₹52 to ₹55 per equity share.
Motisons Jewellers IPO date?
– The public issue opened on 18 December 2023 and is set to close on 20 December 2023.
Motisons Jewellers IPO lot size?
– The lot size for the Motisons Jewellers IPO is 250 equity shares.
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