The commencement of Motisons Jewellers’ Initial Public Offering (IPO) was scheduled for December 18, 2023, concluding on December 20, 2023. The anticipated IPO allotment process was slated to reach completion by Thursday, December 21, 2023. Subsequently, the company’s inaugural public offering was set for listing on both the BSE and NSE on Tuesday, December 26, 2023.
Within the defined parameters, the Motisons Jewellers IPO price band was established at ₹52 to ₹55 per share, with a minimum lot size of 250 shares. This carefully delineated opportunity beckoned investors to engage in this significant milestone for the company, marking a pivotal moment in its journey towards public listing and investor participation.
Here’s how you can check the allotment status of Motisons Jewellers IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Kfin Technologies website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on December 22, 2023.
Motisons Jewellers Limited, which opened its doors in October 1997, sells Gold, Diamond, and Kundan jewellery, among other items. Here, the allure of Gold, Diamond, and Kundan jewellery meets an exquisite array of precious metals including pearls, silver, gold, and platinum, embodying elegance and sophistication.
With a staggering collection boasting over 30,000 designs, Motisons Jewellers captivates discerning tastes. Presently, the company is poised to raise ₹151.09 crore through the issuance of 27,471,000 new equity shares, a strategic move intended to bolster its financial standing.
The question lingers: Why consider investing in the Motisons Jewellers IPO? The answer lies in their unwavering profitability over the years, maintaining a commendable margin on revenue and establishing a formidable presence within the jewellery industry. Notably, the company experienced a remarkable surge of 14.35% in net worth just last year.
For those seeking an investment avenue characterised by stability and a proven track record, Motisons Jewellers emerges as a compelling opportunity, poised to shine in the realm of prudent investments.
