Motisons Jewellers IPO Details
Issue Date
18 Dec - 20 Dec'23
Price Range
₹52 - ₹55
Lot Size
250
IPO Size
₹151.09 Cr
Motisons Jewellers IPO Listing Details
Listing On
26 Dec'23
Issue Price
₹55
Listed Price
₹ 109
Retail Gain/Listing Gain
▲98.18%
Schedule of Motisons Jewellers IPO
Start date
18/12/2023
End date
20/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
26/12/2023
Motisons Jewellers IPO Issue Details | Dates, issue size and more
Kotak Neo
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Company Background
Motisons Jewellers Limited is a jewellery retail player with a history of more than 2 decades in the jewellery industry.
The business includes jewellery made of gold, diamond, and kundan, along with products that include pearl, silver, platinum, precious, semi-precious stones and other metals. The product portfolio also extends to offerings like gold and silver coins, utensils and other artifacts.
Let's take a look at the competitive strengths and risk factors for Motisons Jewellers Limited:
Competitive Strengths
Established brand name with heritage and a legacy of over two decades
With 25 years of experience, the brand has grown significantly, wherein the company's strength lies in the wide variety of designs offered by jewellery designers, as well as incorporating their original creations and specialty designs according to the latest customer preferences. Moreover, customer retention is strong due to the brand’s stringent quality checks and sourcing of raw materials from authorised manufacturers.
The strategic location of showrooms
Jaipur, Rajasthan is well-known for manufacturing traditional jewellery. To leverage this opportunity and tap into the growing historical jewellery retail market, the company has rapidly expanded their retail network of strategically located stores across the city in recent years, which helps achieve logistical convenience in inventory management.
Diversified product portfolio of over 3,00,000+ Jewellery Designs
Their product portfolio comprises over 3,00,000+ jewellery designs, including a wide range of gold, diamond and other jewellery products. Their focus on design and innovation, ability to recognise consumer preferences and market trends, the intricacy of designs and the quality and finish of products are among the company’s key strengths. Further, the company has products across various price points to cater to a variety of customers across high-end market, mid-market and value market segments, which are designed by a team of creative designers allowing them to manage a diverse portfolio of designs.
Risk Factors
- The company is heavily dependent on third parties to supply products.
- The company has availed unsecured loans from their promoters and members of the promoter group.
- All four showrooms are in one geography namely Jaipur, Rajasthan.
Key Strategies
- Continue to expand the retail network in a cost-efficient manner.
- Expand the product and brand portfolio to cater to existing portfolio gaps and increase consumer reach.
- Leverage technology to grow operations and focus on online channels.
Motisons Jewellers Key Financials
Here are the key financials for Motisons Jewellers Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59 s
How To Apply for Motisons Jewellers Ltd IPO?
Here are the steps to apply for Motisons Jewellers Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Motisons Jewellers IPO FAQs
The Motisons Jewellers IPO opens for subscription from 18-12-2023 to 20-12-2023, with a total issue size of ₹151.09 Cr. The IPO price band is ₹52 to ₹55 per share with a lot size of 250. The company aims to list the shares on BSE & NSE on 26-12-2023.
The Motisons Jewellers IPO will open for subscription on 18-12-2023 and will close on 20-12-2023 for investors.
The minimum lot size for the Motisons Jewellers IPO is 250 equity shares, requiring a minimum investment of ₹13750 for retail investors applying in the IPO.
The price band of the Motisons Jewellers IPO has been fixed at ₹52 to ₹55 per equity share.
You can apply for the Motisons Jewellers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Motisons Jewellers IPO allotment will take place on [-].
You can check the Motisons Jewellers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Motisons Jewellers shares will list on the stock exchanges on 26-12-2023.
You can find detailed information about the Motisons Jewellers IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Motisons Jewellers Limited IPO has an issue size of Rs. 151 crores. The IPO opens for subscription on 18th December 2023 and closes on 20th December 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Motisons Jewellers Limited and its IPO from the company’s red herring prospectus (RHP) here:
Motisons Jewellers Ltd IPO will be allotted on 21st December 2023.
Motisons Jewellers Ltd will list on 26th December 2023.
151.09 Crore is the issue size of Motisons Jewellers Ltd IPO.
The minimum lot size is 250 shares and the investment required is ₹13,750.
The price band of Motisons Jewellers Ltd IPO is ₹52 to ₹55.
Holani Consultants Private Limited are the book runners for Motisons Jewellers Ltd IPO.
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