Motisons Jewellers IPO

Motisons Jewellers IPO will open for subscription from 18 December 2023. The company aims for an issue size of ₹151.09 Cr through this IPO.

Company Overview

Full nameMotisons Jewellers Limited
SectorDiamond & Jewellery
IndustryDiamond & Jewellery
Company Website

About Company

The company engages in the sale of jewellery crafted from gold, diamonds, and Kundan, as well as other jewellery products featuring pearls, silver, platinum, precious and semi-precious stones, and various metals. In addition to this, its offerings extend to include gold and silver coins, utensils, and other artefacts. Motisons initiated its business as a partnership firm, M/s Motisons Jewellers, in 1997, which was subsequently transformed into a public limited company in 2011. Currently, it has a presence in multiple prominent locations in Jaipur, Rajasthan.

The product range encompasses traditional, contemporary, and combination designs spanning various jewelry lines. These designs cater to special occasions like weddings and festivals, as well as daily wear jewelry suitable for all ages and genders. The offerings are available at different price points.

Motisons Jewellers introduced its website in 2011, initiating online sales in 2018 to cater to a younger, digitally savvy customer base. These customers can explore the catalog based on preferences, collections, and designs, making direct purchases of jewellery with home delivery services. The company also facilitates virtual appointments to assist customers. The products available through online marketplaces are diverse and differ from those offered in the showrooms.

The Objectives of the Issue

  • 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 IPO Timetable

IPO Opening date18 December 2023
IPO Closing20 December 2023
Basis of Allotment21 December 2023
Initiation Refund22 December 2023
Credit to Demat Account22 December 2023
Listing Date26 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 20, 2023)

Motisons Jewellers IPO details

Issue typeBook Built Issue IPO
IPO issue size₹151.09 Cr – 27,471,000 shares
Fresh Issue₹151.09 Cr – 27,471,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹52 to ₹55 per share
Lot size250 Shares
Shareholding pre-issue70,975,000
Shareholding post-issue98,446,000
Listing ExchangeBSE & NSE

Motisons Jewellers IPO Lot Size

Retail (Min)1250₹13,750
Retail (Max)143500₹192,500
S-HNI (Min)153,750₹206,250
S-HNI (Max)7218,000₹990,000
B-HNI (Min)7318,250₹1,003,750

Motisons Jewellers IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Motisons Jewellers Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income9.6414.7522.205.48
Margin (%)4.534.696.066.32
(Amount in ₹ Crores)

Motisons Jewellers Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.20 – 16.08
RONW (%)9.5812.7716.15
ROCE (%)21.4525.1830.04
EBITDA (%)14.6112.3313.55

Company Promoters

  • Mr. Sandeep Chhabra
  • Mr. Sanjay Chhabra
  • Ms. Namita Chhabra
  • Ms. Kajal Chhabra
  • Moti Lal Sandeep Chhabra HUF
  • Sandeep Chhabra HUF
  • Sanjay Chhabra HUF

Promoter Holding

Pre Issue Share Holding91.54%
Post Issue Share Holding

Motisons Jewellers IPO Lead Manager(s)

401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996

Motisons Jewellers Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West Mumbai – 400 083, Maharashtra, India
 +91 22 49186200

Motisons Jewellers Contact Details

SB-110, Motisons Tower, Lalkothi,
Tonk Road, Jaipur – 302015, Rajasthan
Phone: +91 – 141 – 4150000

Motisons Jewellers IPO Allotment Status

Motisons Jewellers IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

Motisons Jewellers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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