Motisons Jewellers IPO: Motisons Jewellers Limited IPO Details

Motisons Jewellers IPO: Motisons Jewellers, a prominent name in the jewelry industry, is all set to make its debut in the stock market with an Initial Public Offering (IPO) worth Rs 151.09 crores. This IPO is generating significant buzz in the financial market, and investors are eager to get their hands on a piece of this glittering opportunity. In this blog, we will delve into the details of the Motisons Jewellers IPO, its offerings, financials, and what it means for potential investors.

Also See: Motisons Jewellers IPO GMP

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Key Details of Motisons Jewellers IPO

  • Issue Period: The Motisons Jewellers IPO is scheduled to open for subscription on December 18, 2023, and will close on December 20, 2023. The basis of allotment is expected to be finalized on Thursday, December 21, 2023, with the listing date set for Tuesday, December 26, 2023.
  • Pricing: The IPO is priced in the range of ₹52 to ₹55 per share. The minimum lot size for an application is 250 shares. Retail investors need a minimum investment of ₹13,750 to participate in this IPO.
  • Issue Type: This IPO is a book-built issue, meaning the price of the shares will be determined through a bidding process.
  • Total Issue Size: The total issue size consists of 27,471,000 shares, aggregating up to ₹151.09 crores. All of these shares are a fresh issue, meaning they are newly issued shares and not existing ones.
  • Listing: Motisons Jewellers IPO is set to list on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
  • Shareholding: Before the IPO, the company’s shareholding stands at 70,975,000 shares, and post-issue, it will increase to 98,446,000 shares.

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IPO Reservation

The Motisons Jewellers IPO offers a reservation for different categories of investors. Here’s the breakdown:

  • Qualified Institutional Buyers (QIBs): 5,494,200 shares (21.27%)
  • Non-Institutional Investors (NIIs): 4,120,650 shares (15.95%)
  • Retail Individual Investors (RIIs): 9,614,850 shares (37.22%)
  • Anchor Investors: 6,600,000 shares (25.55%)

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Lot Size

Investors can bid for a minimum of 250 shares and in multiples thereof. Here’s the table illustrating the minimum and maximum investments by different types of investors:

  • Retail (Min): 1 lot (250 shares), ₹13,750
  • Retail (Max): 14 lots (3,500 shares), ₹192,500
  • S-HNI (Min): 15 lots (3,750 shares), ₹206,250
  • S-HNI (Max): 72 lots (18,000 shares), ₹990,000
  • B-HNI (Min): 73 lots (18,250 shares), ₹1,003,750

Also Read: What is IPO?: Benefits of Investing in an IPO

Promoter Holding

The promoters of Motisons Jewellers 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. Their pre-issue shareholding stands at 91.546%.

Objectives of the IPO

The company intends to use the net proceeds from the fresh issue for the following purposes:

  1. Repayment of existing borrowings availed by the company from scheduled commercial banks.
  2. Funding the working capital requirements of the Company.
  3. General corporate purposes.

Also Read: When Can a Company Go for IPO in India

Financial Performance

Motisons Jewellers Limited has shown promising financial growth between the financial year ending March 31, 2023, and March 31, 2022. Their revenue increased by 16.64%, and profit after tax (PAT) rose by 50.51%.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets348.13336.51306.53275.42
Revenue86.76366.81314.47213.06
Profit After Tax5.4822.2014.759.67
Net Worth142.81137.40115.45100.96
Reserves and Surplus
Total Borrowing166.03164.54151.60141.43
Amount in ₹ Crore

Also Read: How to Open a Demat Account on Groww

Key Financial Indicators

  • Market Cap (₹): 541.45 Cr
  • P/E (x): 17.59
  • Post P/E (x): 24.39
  • ROE (Return on Equity): 17.56%
  • ROCE (Return on Capital Employed): 30.04%
  • Debt/Equity Ratio: 3.32
  • Earnings Per Share (EPS) in ₹: 3.42
  • Return on Net Worth (RoNW): 16.15%

Registrar and Lead Manager

IPO Timeline

Here’s a tentative schedule for the Motisons Jewellers IPO:

  • IPO Opens: December 18, 2023
  • IPO Closes: December 20, 2023
  • Basis of Allotment: December 21, 2023
  • Initiation of Refunds: December 22, 2023
  • Credit of Shares to Demat: December 22, 2023
  • Listing Date: December 26, 2023
  • Cut-off time for UPI mandate confirmation: 5 PM on December 20, 2023
Motisons Jewellers IPO

Investors interested in participating in the Motisons Jewellers IPO should carefully review the prospectus and consider their investment goals and risk tolerance before making any investment decisions. IPOs can provide an opportunity for investors to become shareholders of a promising company, but they also come with risks, so it’s important to make informed choices.

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