Motisons Jewellers IPO Set for Strong Debut on December 26, 2023, as Grey Market Premium Surges

Investors eagerly await the listing of Motisons Jewellers IPO, scheduled for December 26, 2023, after the successful allotment of shares. The much-anticipated listing date is fast approaching, bringing excitement and optimism to both lucky allottees and market observers.

For those who have applied for the book build issue, checking the Motisons Jewellers IPO allotment status is a breeze. Applicants can conveniently verify their application online by visiting the BSE website or the website of Motisons Jewellers IPO registrar, Link Intime Private Limited.

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Meanwhile, in the grey market, sentiments surrounding Motisons Jewellers IPO are soaring. As of today, the grey market is quoting a premium of ₹56 for Motisons Jewellers shares. Market experts attribute this surge in grey market premium to several factors, including the company’s modest size, attractive valuations, and a reversal in the stock market trend following a substantial sell-off on Wednesday.

Motisons Jewellers IPO Grey Market Premium Today

The current grey market premium (GMP) for Motisons Jewellers IPO stands at ₹56, reflecting robust demand among potential investors. This figure suggests that market participants anticipate a listing price of approximately ₹111 (₹55 + ₹56), representing a remarkable 100% increase from the IPO’s price band of ₹52 to ₹55 per equity share.

However, financial experts caution against placing too much reliance on GMP as an indicator of expected listing gains. The grey market is unregulated and unrelated to a company’s financials, making it an imperfect predictor of a stock’s performance. Investors are advised to conduct a thorough examination of the company’s balance sheet and fundamentals for a more accurate assessment.

Also Read: Ola Electric IPO: Exploring the Top 10 Key Risk Factors from the Draft Papers

Motisons Jewellers IPO Listing Date

Shares of Motisons Jewellers Limited are set to be listed on both BSE and NSE in a special pre-open session on December 26, 2023, which falls on the upcoming Tuesday.

A statement from the BSE reads, “Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Motisons Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of ‘T’ Group of Securities.” Additionally, the scrip will be included in the Trade-for-Trade segment for the next 10 trading days.

Also Read: All IPO GMP Price Today

Investors and market enthusiasts are now eagerly awaiting Motisons Jewellers’ debut on the stock exchanges, with expectations running high for a strong and successful listing.

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