Motisons Jewellers IPO Details 2023: Dates and Review

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.

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 Date18th Dec 2023
Closing Date20st Dec 2023
Allocation Date21st Dec 2023
Refund Initiation Date22nd Dec 2023
Demat Transfer Date22nd Dec 2023
IPO Listing Date26th Dec 2023
Issue Price₹340- ₹360 Per Share
Lot Size41 shares
Face Value20th Dec 2023
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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:

DateIPO PriceGMPEst. 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.

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