Motisons Jewellers IPO GMP

Motisons Jewellers, a prominent player in the jewelry industry, is gearing up to go public through an initial public offering (IPO). In this blog post, we will explore the Grey Market Premium (GMP) associated with the Motisons Jewellers IPO, which is set to open for subscription from December 18, 2023, to December 20, 2023. We will analyze the GMP trends, understand what it signifies, and discuss the factors investors should consider before making an investment decision.

Also See: Motisons Jewellers Limited IPO Details

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Motisons Jewellers IPO GMP

Grey Market Premium (GMP) is the unofficial and unregulated market where shares of an IPO are traded before their official listing on stock exchanges. The GMP reflects the perceived demand and potential price movement of the IPO on its listing day. It provides investors with a rough estimate of the premium or discount at which the shares may trade when they are listed.

Here’s a table showcasing the GMP for Motisons Jewellers IPO over the past few days: [Last Updated: 26 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
26-12-2023₹55.00₹7013300/199500₹125 (127.27%)
25-12-2023₹55.00₹7013300/199500₹125 (127.27%)
24-12-2023₹55.00₹5610600/159000₹111 (101.82%)
23-12-2023₹55.00₹5610600/159000₹111 (101.82%)
22-12-2023₹55.00₹7013300/199500₹125 (127.27%)
21-12-2023₹55.00₹8516200/243000₹140 (154.55%)
20-12-2023₹55.00₹7814800/222000₹133 (141.82%)
19-12-2023₹55.00₹7814800/222000₹133 (141.82%)
18-12-2023₹55.00₹10920700/310500₹164 (198.18%)
17-12-2023₹55.00₹10520000/300000₹160 (190.91%)
16-12-2023₹55.00₹10520000/300000₹160 (190.91%)
15-12-2023₹55.00₹10520000/300000₹160 (190.91%)
14-12-2023₹55.00₹10019000/285000₹155 (181.82%)
13-12-2023₹55.00₹10019000/285000₹155 (181.82%)
12-12-2023₹55.00₹6011400/171000₹115 (109.09%)
11-12-2023₹60₹60 (%)
10-12-2023₹0₹ (0%)
09-12-2023₹0₹ (0%)
08-12-2023₹0₹ (0%)

Also See: All IPO GMP Price Today

The GMP for Motisons Jewellers IPO has seen significant fluctuations over the past few days. On Dec 25, the GMP stood at ₹70 per share, indicating a substantial premium of 127.27% over the IPO price. This suggests strong investor interest in the IPO. On Dec 24, the GMP was ₹56 per share, signifying a 101.82 % premium.

It’s essential to note that GMP can be highly volatile and may change rapidly based on market sentiment and demand. Investors should not solely rely on GMP for making investment decisions.

Also See: Announced IPOs: Upcoming Big IPOs in India 2024

About Motisons Jewellers

Motisons Jewellers is a well-established player in the jewelry industry with a 25-year track record. The company offers a wide range of jewelry products, including gold, kundan, diamond, pearls, silver, platinum, and more. They also sell gold and silver coins, utensils, and other artifacts. Motisons Jewellers operates four showrooms in Jaipur and also sells its products through its website.

Strengths of Motisons Jewellers IPO

  1. Strong Brand: Motisons Jewellers boasts a strong brand name and a proven track record spanning over two decades.
  2. Strategic Locations: The company’s strategically located showrooms in Jaipur position them to tap into the growing retail market effectively.
  3. Diverse Product Portfolio: With over 3 lakh jewelry designs across various categories, Motisons offers a wide and diversified product range.
  4. Experienced Management: The company is led by a highly experienced senior management and board of directors.

Also See: Allied Blenders and Distillers Announces Rs 2,000 Crore IPO with Fresh Issue and Offer for Sale

IPO Objectives

The net proceeds from the fresh issue will be utilized for:

  1. Repayment of existing borrowings from scheduled commercial banks.
  2. Funding working capital requirements.
  3. General corporate purposes.

Also See: Benefits and Risks of Investing in IPOs

Important IPO Dates

Here are the key dates for the Motisons Jewellers IPO:

  • IPO Open Date: 18th December 2023
  • IPO Close Date: 20th December 2023
  • Basis of Allotment Finalization Date: 21st December 2023
  • Refunds Initiation: 22nd December 2023
  • Credit of Shares to Demat Account: 22nd December 2023
  • IPO Listing Date: 26th December 2023
Motisons Jewellers IPO

Conclusion

The Grey Market Premium for the Motisons Jewellers IPO indicates strong investor interest and suggests that the IPO may witness a substantial listing premium. However, it’s crucial for investors to conduct thorough due diligence, consider the company’s fundamentals, and assess their risk tolerance before making an investment decision. Investing in IPOs carries inherent risks, and GMP should only be one of several factors to consider.

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