Motisons Jewellers Ltd IPO: Check IPO Date, Price, Details | Espresso

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Motisons Jewellers Ltd IPO opens on December 18. Check IPO Details Issue Date Price

December 18, 2023
Motisons Jewellers Ltd IPO opens on December 18. Check IPO Details Issue Date Price

Motisons Jewellers Limited is coming out with a fresh public issue to raise Rs 151 crores from the market.

Below are the details of the Motisons Jewellers Limited IPO:

  • Issue opens – December 18 (Monday)
  • Issue closes – December 20 (Wednesday)
  • Issue size – Rs 151 crores
  • Price band – Rs 52 to 55 per equity share
  • Bid lot – 250 shares and in multiples thereof

And here are some details of the company and further details on the Motisons Jewellers Limited IPO.

Company details:

  • The company was originally formed as partnership firm under the name and style of “M/s Motisons Jewellers” on October 16, 1997 which was thereafter converted into a public limited company in the name and style of “Motisons Jewellers Limited” (“Motisons”) on May 09, 2011.
  • Motisons is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs as their Promoters with more than 20 years of experience. Company’s jewellery business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery products that include pearl, silver, platinum, precious, semi-precious stones and other metals. Their other offerings include gold and silver coins, utensils and other artifacts.
  • The company started their jewellery business in 1997 with a single showroom in Jaipur, Rajasthan. They have, since then, expanded their network of showrooms and the product portfolio and currently operate 4 showrooms under the “Motisons” brand, located across the city of Jaipur, Rajasthan. The flagship store ‘Motisons Tower’ is located at the high street of Tonk Road, Jaipur, Rajasthan. This flagship showroom at Tonk Road spans in an area of 16,002 Sq. Ft. and has 3 floors with a dedicated floor space for silver, gold, and diamond jewellery respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighbourhood in the southwestern part of Jaipur, Rajasthan at Vaishali Nagar.
  • In addition to selling products at their showrooms, Motisons also sell their products through their online platform at https://www.motisonsjewellers.com  They launched their website in the year 2011 and online sales commenced from 2018. 
  • The company primarily source finished jewellery from third party suppliers located across India. This includes all types of jewellery made of gold, diamond and other precious and semi-precious stones. Additionally, to cater to the increasing demand in the market, they also engage artisans on job work basis and have their own manufacturing facilities located in Jaipur.
  • Their diamond jewellery is certified by various agencies including IGI, GIA and IDT. As per the demand of customers, they also provide their internal certifications. All their gold and silver jewellery products in line are hallmarked by BIS.

Issue Size: Rs. 151 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 62.22 crores
  • NIB – 15% of the offer – Rs 30.23 crores
  • RET – 35% of the offer – Rs 58.64 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Wednesday, December 20, 2023     

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