Motisons Jewellers IPO opens for subscription on December 18, 2023 and closes on December 20, 2023. The allotment for the Motisons Jewellers IPO is expected to be finalized on Thursday, December 21, 2023. Motisons Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.
Motisons Jewellers IPO is a book built issue of Rs 151.09 crores. The issue is entirely a fresh issue of 2.75 crore shares. Motisons Jewellers IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹13,750. The minimum lot size investment for sNII is 15 lots (3,750 shares), amounting to ₹206,250, and for bNII, it is 73 lots (18,250 shares), amounting to ₹1,003,750.
Holani Consultants Private Limited is the book running lead manager of the Motisons Jewellers IPO, while Link Intime India Private Ltd is the registrar for the issue.
| IPO Opening Date | December 18, 2023 |
|---|---|
| IPO Closing Date | December 20, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹52 to ₹55 per share |
| Market Lot | 250 Shares |
| Min Order Quantity | 250 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to ₹[.] Cr) |
| Share holding pre issue | 70,975,000 |
| Share holding post issue | 98,446,000 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Motisons Jewellers IPO opens on December 18, 2023, and closes on December 20, 2023.
| Basis of Allotment Date | December 21, 2023 |
|---|---|
| Initiation of Refunds | December 22, 2023 |
| Credit of Shares to Demat Account | December 22, 2023 |
| IPO Listing Date | December 26, 2023 |
Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹13,750 |
| Retail (Max) | 14 | 3500 | ₹192,500 |
| S-HNI (Min) | 15 | 3750 | ₹206,250 |
| S-HNI (Max) | 72 | 18,000 | ₹990,000 |
| B-HNI (Min) | 73 | 18,250 | ₹1,003,750 |
Incorporated in October 1997, Motisons Jewellers Limited is engaged in the business of selling jewelry made of gold, diamonds, and Kundan, as well as other jewelry products such as pearl, silver, platinum, and other metals.
The company offers a wide range of products, including traditional, contemporary, and combination designs across various jewelry lines. These products cater to special occasions like weddings and festivals and daily wear jewelry for all ages and genders and across different price ranges.
Motisons Jewellers' flagship store 'Motisons Tower' is located in Jaipur, Rajasthan, spanning 16,002.06 Sq Ft and has 3 floors with a dedicated floor space for silver, gold, and diamond jewelry respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighborhood in the southwestern part of Jaipur, Rajasthan at Vaishali Nagar.
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
Motisons Jewellers IPO is a main-board IPO of 27,471,000 equity shares of the face value of ₹10 aggregating up to ₹151.09 Crores. The issue is priced at ₹52 to ₹55 per share. The minimum order quantity is 250 Shares.
The IPO opens on December 18, 2023, and closes on December 20, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Motisons Jewellers IPO opens on December 18, 2023 and closes on December 20, 2023.
Motisons Jewellers IPO lot size is 250 Shares, and the minimum amount required is ₹13,750.
You can apply in Motisons Jewellers IPO online using either UPI or ASBA as 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.
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 Friday, December 22, 2023.
Check the IPO allotment status.
The Motisons Jewellers IPO listing date is December 26, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Motisons Jewellers IPO
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Place your number of bids
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