Are you excited about the upcoming Motisons Jewellers IPO in 2023? We’ve covered you with all the important dates and a review of this highly anticipated event in the jewellery world.
Motisons Jewellers IPO Details
COMPANY OVERVIEW:
Motisons Jewellers, a renowned name in the jewellery industry, is all set to go public and offer its shares to investors. This IPO is expected to attract much attention, given the company’s strong reputation and growth potential.
Established in 1997, Motisons Jewellers has provided exquisite jewellery pieces to customers for 26 years and belongs to Jaipur, Rajasthan. The company has four showrooms in Jaipur.
The Company was established as a partnership firm, and later, in 2011, it converted into the Public Ltd.
They offer a variety of jewellery made from gold, kundan, diamonds, pearls, silver, platinum, and other precious and semi-precious stones. They also sell gold and silver coins, utensils, and other artifacts.
Experts in the industry have been closely watching the progress of Motisons Jewellers and have high expectations for its IPO.
THE ISSUE:
The company is offering 3,34,71,000 fresh equity shares.
IPO Issue Size – ₹151.09 Cr
Minimum Investment – ₹13750
QIB – Not Disclosed
NII (HNI) – Not Disclosed
Retail – Not Disclosed
Important Dates:
| Opening Date | 18th Dec 2023 |
| Closing Date | 20st Dec 2023 |
| Allocation Date | 21st Dec 2023 |
| Refund Initiation Date | 22nd Dec 2023 |
| Demat Transfer Date | 22nd Dec 2023 |
| IPO Listing Date | 26th Dec 2023 |
| Issue Price | ₹340- ₹360 Per Share |
| Lot Size | 41 shares |
| Face Value | 20th Dec 2023 |
PURPOSE FOR THE IPO:
The company will use the funds to pay off existing loans, finance working capital requirements, and for general corporate purposes.
GMP PRICE:
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 21-Dec-2023 | ₹55 | ₹85 | ₹140 |
| 20-Dec-2023 | ₹55 | ₹78 | ₹133 |
| 19-Dec-2023 | ₹55 | ₹78 | ₹133 |
| 18-Dec-2023 | ₹55 | ₹109 | ₹164 |
| 17-Dec-2023 | ₹55 | ₹106 | ₹161 |
| 16-Dec-2023 | ₹55 | ₹106 | ₹161 |
| 15-Dec-2023 | ₹55 | ₹105 | ₹160 |
| 14-Dec-2023 | ₹55 | ₹100 | ₹155 |
As the IPO dates approach, keep an eye out for more information regarding the subscription process, pricing, and other relevant details. It’s an exciting time for both Motisons Jewellers and potential investors, so make sure you don’t miss out on this opportunity to be a part of the glittering jewellery world.
The prices shown here are for informational purposes only. We do not deal in grey market transactions, provide sub2 rates, or recommend trading in the grey market.
