Motisons Jewellers IPO: Price Band, Bidding Details & More

Motisons Jewellers, a Jaipur-based jewellery company opened its initial public offering for subscription on December 18, 2023. The IPO will close on December 20, 2023.

Motisons Jewellers’ flagship store, Motisons Tower, is located in Jaipur, Rajasthan. The latest branch, which opened in 2021, is located in the Vaishali Nagar neighbourhood in the southwestern part of Jaipur.

Price Band

Motisons Jewellers has fixed the price band at Rs 52-55 per equity share for its maiden initial public offer.

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Bidding Details

Investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. The IPO has a face value of Rs 10 per equity share which is entirely a fresh issue of up to 2,74,71,000 equity shares with no ‘offer for sale’ component.

Net Proceeds to the Issue

The net fresh issue proceeds will allocate Rs 58 crore for debt repayment and Rs 71 crore for fulfilling working capital requirements. The rest will be allocated for general corporate purposes.

Company Financials

Motisons Jewellers reported a 50.5 percent increase in net profit to Rs 22.2 crore. The company’s revenue from operations rose 16.5 percent to Rs 366.2 crore compared to the previous year.

Merchant Bankers

Holani Consultants is the only merchant banker to the issue. Link Intime India is the registrar to the offer.

Company Profile

The company sells gold, diamond and kundan jewellery. Motisons also sells pearls, silver, platinum and other metals.

Motisons Jewellers’ flagship store, Motisons Tower, is located in Jaipur, Rajasthan. The latest branch, which opened in 2021, is located in the Vaishali Nagar neighbourhood in the southwestern part of Jaipur.

_{Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.}