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 name | Motisons Jewellers Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://motisonsjewellers.com/ |
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 date | 18 December 2023 |
| IPO Closing | 20 December 2023 |
| Basis of Allotment | 21 December 2023 |
| Initiation Refund | 22 December 2023 |
| Credit to Demat Account | 22 December 2023 |
| Listing Date | 26 December 2023 |
Motisons Jewellers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹151.09 Cr – 27,471,000 shares |
| Fresh Issue | ₹151.09 Cr – 27,471,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot size | 250 Shares |
| Shareholding pre-issue | 70,975,000 |
| Shareholding post-issue | 98,446,000 |
| Listing Exchange | BSE & NSE |
Motisons Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹13,750 |
| Retail (Max) | 14 | 3500 | ₹192,500 |
| S-HNI (Min) | 15 | 3,750 | ₹206,250 |
| S-HNI (Max) | 72 | 18,000 | ₹990,000 |
| B-HNI (Min) | 73 | 18,250 | ₹1,003,750 |
Motisons Jewellers IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Motisons Jewellers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 213.04 | 314.33 | 366.20 | 86.73 |
| Expenses | 200.00 | 294.48 | 336.89 | 79.40 |
| Net income | 9.64 | 14.75 | 22.20 | 5.48 |
| Margin (%) | 4.53 | 4.69 | 6.06 | 6.32 |
Motisons Jewellers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.49 | 2.27 | 3.42 |
| PE ratio | – | – | 15.20 – 16.08 |
| RONW (%) | 9.58 | 12.77 | 16.15 |
| NAV | – | 17.77 | 21.15 |
| ROCE (%) | 21.45 | 25.18 | 30.04 |
| EBITDA (%) | 14.61 | 12.33 | 13.55 |
| Debt/Equity | 1.40 | 1.31 | 1.20 |
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 Holding | 91.54% |
| Post Issue Share Holding |
Motisons Jewellers IPO Lead Manager(s)
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email: ipo@holaniconsultants.co.in
Website: www.holaniconsultants.co.in
Motisons Jewellers Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West Mumbai – 400 083, Maharashtra, India
Phone: +91 22 49186200
Email: motisons.ipo@linkintime.co.in
Website: www.linkintime.co.in
Motisons Jewellers Contact Details
MOTISONS JEWELLERS LIMITED
SB-110, Motisons Tower, Lalkothi,
Tonk Road, Jaipur – 302015, Rajasthan
Phone: +91 – 141 – 4150000
Email: nehajaincs@motisons.com
Website: www.motisonsjewellers.com
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
