Motisons Jewellers IPO is a book built issue of 2.75 crore shares. The issue is entirely a fresh issue of 2.75 crore shares.
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 price bands are yet to be announced.
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.
Motisons Jewellers IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 27,471,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to ₹[.] 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 Timeline (Tentative Schedule)
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 |
Motisons Jewellers IPO Promoter Holding
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 | 91.546% |
| Share Holding Post Issue |
About Motisons Jewellers Limited
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.
Competitive Strengths:-
- The company’s showrooms are strategically located and the product portfolio is diversified across price points and categories.
- The company has an established heritage and legacy spanning over two decades with efficient systems and procedures to mitigate risk.
Motisons Jewellers Limited Financial Information (Restated)
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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| EPS (Rs) | 3.42 |
| RoNW | 16.15% |
Check Motisons Jewellers IPO Peer Comparison here.
Objects of the Issue (Motisons Jewellers IPO Objectives)
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.
Motisons Jewellers Limited Contact Details
Motisons Jewellers Limited
270, 271, 272 & 276
Johri Bazar
Jaipur – 302003
Phone: +91 – 141– 4150000
Email: nehajaincs@motisons.com
Website: https://motisonsjewellers.com/
Motisons Jewellers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: motisons.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html