What you must know about Motisons Jewellers IPO?
by 5paisa Research Team
12 Dec 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 26-Dec-23
- IPO Price Range ₹52
- Listing Price ₹103.9
- Listing Change 88.9 %
- Last Traded Price ₹291.8
- Current Change 430.5 %
Motisons IPO Details
- Open Date 18-Dec-23
- Close Date 20-Dec-23
- Lot Size 250
- IPO Size ₹ 151.09 Cr
- IPO Price Range ₹ 52 to ₹ 55
- Min Investment ₹ 13000
- Listing Exchange BSE, NSE
- Basis of Allotment 21-Dec-23
- Refunds 22-Dec-23
- Credit to Demat Account 22-Dec-23
- Listing Date 26-Dec-23
Motisons Jewellers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Dec-23 | 0.08 | 13.82 | 22.24 | 15.02 |
| 19-Dec-23 | 0.56 | 93.15 | 72.02 | 56.13 |
| 20-Dec-23 | 135.01 | 311.98 | 135.60 | 173.23 |
Motisons IPO Synopsis
Motisons Jewellers Limited IPO is all set to open from 18th December to 20th December 2023. The company is known for selling gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.The IPO includes total issue size of 27,471,000 shares worth ₹151.09 cr. The share allotment date is 21st December, and the IPO will be listed on 26th December on the stock exchanges. The price band is ₹52 to ₹55 per share and the lot size is 250 shares.
Holani Consultants Private Limited is the book-running lead managers for this IPO, while Link Intime India Private Ltd is the registrar.
Objectives of Motisons Jewellers IPO:
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.
Motisons Jewellers IPO Video:
About Motisons Jewellers
Motisons Jewellers Limited was founded in October 1997 and offers a variety of jewelry goods, including gold, diamond, and kundan jewelry. The business offers platinum, silver, pearls, and other metals for sale.
The firm sells a variety of jewelry lines with a wide range of items, including classic, modern, and combination designs. These items come in a variety of pricing points, are appropriate for all ages and genders, and are perfect for both regular use and special events like weddings and festivities.
With over 300,000 designs in gold, diamonds, and other materials, the firm provides a vast array of jewelry goods at various price points.
Peer Comparison
● Kalyan Jewellers India Limited
● Goldiam International Limited
● DP Abhushan Limited
● Thangamayil Jewellery Limited
● Renaissance Global Limited
For More Information:
Motisons Jewellers IPO GMP
Webstory on Motisons Jewellers IPO
Know About Motisons Jewellers IPO
Motisons Jewellers Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 366.19 | 314.33 | 213.04 |
| EBITDA | 31.83 | 22.81 | 15.73 |
| PAT | 22.19 | 14.74 | 9.67 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 336.51 | 306.53 | 275.42 |
| Share Capital | 64.97 | 64.97 | 64.97 |
| Total Borrowings | 199.11 | 191.07 | 174.45 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 3.84 | 6.11 | 17.13 |
| Net cash from / (used in) investing activities | 1.76 | 0.69 | -0.74 |
| Net cash flow from / (used in) financing activities | -8.41 | -7.4 | -12.57 |
| Net increase (decrease) in cash and cash equivalents | -2.8 | -0.59 | 3.82 |
Motisons IPO Key Points
-
Strengths
1. The company has an established brand name with heritage and a legacy of over two decades.
2. It has a Strategic location of its showrooms.
3. The company have a diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.
-
Risks
1. The company is heavily dependent on third parties for supplying its products.
2. Promoters of the company, Mr. Sanjay Chhabra and Mr. Sandeep Chhabra, in past, were involved in proceedings initiated by investigation agency in relation to betting in the cricket matches of Indian Premier League. Though they have been duly discharged, any re-opening of the matter could have an adverse impact on the business and reputation.
3. Promoters and Promoter Group are involved in proceedings involving SEBI and/or the Stock Exchange and other regulatory authorities
4. All four (4) showrooms, including the registered office and one of the manufacturing facilities are taken on lease from the company's promoters and members of its promoter group
Motisons
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Motisons IPO FAQs
What is the minimum lot size and investment required for the Motisons Jewellers IPO?
The minimum lot size of Motisons Jewellers IPO is 250 shares and the investment required is ₹13000.
What is the price band of Motisons Jewellers IPO?
The price band of Motisons Jewellers IPO is ₹ 52 to ₹ 55 per share.
When does the India Motisons Jewellers IPO opens and closes?
The Motisons Jewellers IPO is open from 18th December to 20th December 2023.
What is the size of the Motisons Jewellers IPO?
The size of Motisons Jewellers IPO is around ₹151.09 cr.
What is the allotment date of the Motisons Jewellers IPO?
The share allotment date of Motisons Jewellers IPO is 21st of December 2023.
What is the Motisons Jewellers IPO listing date?
The Motisons Jewellers IPO will be listed on the 26th of December 2023.
Who are the book runners for Motisons Jewellers IPO?
Holani Consultants Private Limited is the book-running lead manager for Motisons Jewellers IPO.
What is the objective of the Motisons Jewellers IPO?
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
• Repayment of existing borrowings availed by the company from scheduled commercial banks.
• Funding the working capital requirements of the Company and
• General corporate purposes.
How to apply for the Motisons Jewellers IPO?
To apply for Motisons Jewellers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Motisons Jewellers IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Motisons Jewellers IPO
Contact Information
Motisons Jewellers Limited
270, 271, 272 & 276
Johri Bazar
Jaipur – 302003
Phone: +91 – 141– 4150000
Email: nehajaincs@motisons.com
Website: https://motisonsjewellers.com/
Motisons Jewellers IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: motisons.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Motisons Jewellers IPO Lead Manager
Holani Consultants Private Limited
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