Motisons Jewellers IPO: An Overview and Corporate Insight
Witness the grand spectacle as Motisons Jewellers takes center stage in its much-anticipated Initial Public Offering (IPO) from December 18 to December 20, 2023. Dive into the IPO timeline, with allotment finalization on December 21, 2023, and listing on both BSE and NSE on December 26, 2023.
Grey Market Premium Analysis and IPO Timelines
Explore the buzz around Motisons Jewellers IPO with a close look at the Grey Market Premium (GMP). Track GMP trends leading up to the IPO opening, providing a sneak peek into potential listing prices. Stay updated with our interactive GMP table:
| Date | GMP |
|---|---|
| 18 December | ₹120 |
| 17 December | ₹106 |
| 16 December | ₹106 |
| 15 December | ₹100 |
The Grey Market Price (GMP) for Motisons Jewellers Ltd provides a sneak peek into the potential listing price, starting around 4-5 days before the IPO opens until the listing date. Key factors influencing GMP include market conditions, especially liquidity, and the IPO’s subscription extent, indicating investor interest. While GMP isn’t an official price, it’s a reliable informal gauge of demand and supply for the IPO.
The recent trend in Motisons Jewellers’ GMP reveals strong traction. Starting at ₹60, it surged to ₹100 per share. Although the IPO price is recently disclosed, GMP may take time to reflect the real value. Keep a close eye on subscription numbers post the IPO opening on December 18, 2023, as they significantly impact GMP.
Considering the upper price band of ₹55, the GMP suggests a potential listing premium of 109.09%, indicating a listing price around ₹115 per share on December 26, 2023. Remember, these are approximations, and observing the GMP trend provides the best insights into the listing status. Focus on the time series trend for a clearer picture. Stay tuned for real-time updates!
Pricing Details and Lot Size
An enticing IPO pricing band of ₹52 to ₹55 per share awaits investors, with a minimum lot size of 250 shares. Uncover the unique investment opportunity that Motisons Jewellers presents, promising an enriching journey for participants.
Book-Running Lead Managers and Registrar
The IPO journey is led by expert Book-Running Lead Managers, ensuring a seamless process. Kfin Technologies Limited takes charge as the registrar, overseeing the IPO’s vital administrative aspects.
Offer for Sale and IPO Size Breakdown
Motisons Jewellers aims to raise ₹151.09 crore through the sale of 27,471,000 new equity shares. With no Offer for Sale (OFS) component, the fresh issue forms the entire IPO size, further contributing to the company’s expansion and financial stability.
IPO Structure and Reservation Criteria
Dive into the IPO structure, where share reservations cater to various investor categories – 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for retail investors.
IPO Timelines at a Glance
| Event | Date |
|---|---|
| IPO Open Date | December 18, 2023 |
| IPO Close Date | December 20, 2023 |
| Basis of Allotment | December 21, 2023 |
| Refund Initiation | December 22, 2023 |
| Shares Credited to Demat | December 22, 2023 |
| Listing Date | December 26, 2023 |
| UPI Mandate Confirmation Cut-off | 5 PM on December 20, 2023 |
Utilization of Fresh Issuance and Technological Advancements
Motisons Jewellers plans to utilize the IPO proceeds strategically, from debt repayment to supporting working capital and corporate functions. The company’s pre-IPO placement and share reservation details add depth to its financial strategy.
Conclusion:
As Motisons Jewellers’ IPO unfolds, stay tuned for real-time updates on Grey Market Premium, pricing, and more. Don’t miss your chance to be part of this captivating IPO journey – a golden opportunity awaits!
