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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 bidding started from December 18, 2023 and ended on December 20, 2023. The allotment for Motisons Jewellers IPO was finalized on Thursday, December 21, 2023. The shares got listed on BSE, NSE on December 26, 2023.
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.
Refer to Motisons Jewellers IPO RHP for detailed information.
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | December 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to ₹151.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 70,975,000 |
| Share holding post issue | 98,446,000 |
Motisons Jewellers IPO offers 25,829,700 shares. 5,494,200 (21.27%) to QIB, 4,120,650 (15.95%) to NII, 9,614,850 (37.22%) to RII and 6,600,000 (25.55%) to Anchor investors. 38,459 RIIs will receive minimum 250 shares and 366 (sNII) and 732 (bNII) will receive minimum 3,750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 6,600,000 (25.55%) | NA |
| QIB Shares Offered | 5,494,200 (21.27%) | NA |
| NII (HNI) Shares Offered | 4,120,650 (15.95%) | |
| bNII > ₹10L | 2,747,100 (10.64%) | 732 |
| sNII < ₹10L | 1,373,550 (5.32%) | 366 |
| Retail Shares Offered | 9,614,850 (37.22%) | 38,459 |
| Total Shares Offered | 25,829,700 (100%) |
Motisons Jewellers IPO raises Rs 36.30 crore from anchor investors. Motisons Jewellers IPO Anchor bid date is December 15, 2023. Motisons Jewellers IPO Anchor Investors list
| Bid Date | December 15, 2023 |
| Shares Offered | 6,600,000 |
| Anchor Portion Size (In Cr.) | 36.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 20, 2024 |
Motisons Jewellers IPO opens on December 18, 2023, and closes on December 20, 2023.
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 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 | 3,750 | ₹206,250 |
| S-HNI (Max) | 72 | 18,000 | ₹990,000 |
| B-HNI (Min) | 73 | 18,250 | ₹1,003,750 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF and Sanjay Chhabra HUF
| Share Holding Pre Issue | 91.60% |
| Share Holding Post Issue | 66.00% |
Motisons Jewellers Limited, established in October 1997, sells gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.
The company offers a wide range of products including traditional, modern and combination designs in various jewellery lines. These products are suitable for special occasions such as weddings and celebrations as well as for everyday use, for all ages and genders and in different price ranges.
The company offers a wide range of jewellery products with over 300,000 designs in gold, diamonds and other materials at different price points.
Motisons Jewellers' flagship store, Motisons Tower, is located in Jaipur, Rajasthan, and offers silver, gold and diamond jewellery across three floors. The latest branch, which opened in 2021, is located in the affluent Vaishali Nagar neighbourhood in the southwestern part of Jaipur, Rajasthan.
Competitive strengths:-
Motisons Jewellers Limited's revenue increased by 16.64% and profit after tax (PAT) rose by 50.51% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 348.13 | 336.51 | 306.53 | 275.42 |
| Revenue | 86.76 | 366.81 | 314.47 | 213.06 |
| Profit After Tax | 5.48 | 22.20 | 14.75 | 9.67 |
| Net Worth | 142.81 | 137.40 | 115.45 | 100.96 |
| Reserves and Surplus | ||||
| Total Borrowing | 166.03 | 164.54 | 151.60 | 141.43 |
| Amount in ₹ Crore | ||||
The market capitalization of Motisons Jewellers IPO is Rs 541.45 Cr.
| KPI | Values |
|---|---|
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| RoNW | 16.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.42 | |
| P/E (x) | 17.59 | 24.66 |
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has its operation confined to Jaipur City of Rajasthan so far. It has posted growth in its top lines with fluctuating margins. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
The Motisons Jewellers IPO is subscribed 173.23 times on December 20, 2023 7:02:00 PM. The public issue subscribed 135.60 times in the retail category, 135.01 times in the QIB category, and 311.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 135.01 |
| NII | 311.99 |
| bNII (bids above ₹10L) | 273.86 |
| sNII (bids below ₹10L) | 388.25 |
| Retail | 135.60 |
| Total | 173.23 |
Total Application : 4,744,533 (123.36 times)
| Listing Date | December 26, 2023 |
| BSE Script Code | 544053 |
| NSE Symbol | MOTISONS |
| ISIN | INE0FRK01012 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹55.00 |
| ₹103.90 |
| ₹99.01 |
| ₹109.09 |
| ₹101.18 |
| NSE |
|---|
| ₹55.00 |
| ₹109.00 |
| ₹103.55 |
| ₹109.80 |
| ₹103.55 |
Motisons Jewellers Limited
270, 271, 272 & 276
Johri Bazar
Jaipur – 302003
Phone: +91 – 141– 4150000
Email: nehajaincs@motisons.com
Website: https://motisonsjewellers.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: motisons.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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.
Zerodha customers can apply online in Motisons Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Motisons Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Motisons Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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 Motisons Jewellers IPO allotment status.
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