Motisons Jewellers Ltd. IPO
Motisons Jewellers Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹55
Issue Price
Listing Price
₹104
Listing Price
Listing Gains
+₹48.90 (+88.91%)
Listing Gains
IPO Details
Bidding Dates
18 Dec - 20 Dec '23
Bidding Dates
Min. Investment
₹13,000
Min. Investment
Lot Size
250.00
Lot Size
Price Range
₹52 - ₹55
Price Range
Issue Size
143 Cr
Issue Size
Subscription Rate
- Retail Individual Investor122.28x
- Non-Institutional Investor233.91x
- Qualified Institutional Buyers157.40x
- Employees
About Company
Motisons Jewellers Limited, which opened its doors in October 1997, sells Gold, Diamond, and Kundan jewellery, among other items. The business solely focuses on selling precious metals like Pearls, Silver, Gold and Platinum. The company offers a diverse assortment of jewellery with over 30,000 designs available.
Motisons Jewellers' flagship store, Motisons Tower, is located in Jaipur, Rajasthan, and features three levels of Silver, Gold, and Diamond jewellery. The most recent location, which opened in 2021, is located in the affluent Vaishali Nagar neighbourhood in the southwestern part of Jaipur, Rajasthan.
The company intends to raise a total of ₹151.09 crore through the sale of 27,471,000 new equity shares. The net proceeds of the offering would be used to repay current borrowings obtained by the firm from scheduled commercial banks, to cover the company's working capital requirements, and for general corporate reasons.
Motisons Jewellers reported a net profit of ₹5.48 crore on revenue of ₹86.76 crore as of June 30, 2023. The company's last noted net profit was ₹22.20 crore, with revenue of ₹366.81 crore.
Important Dates - Motisons Jewellers IPO
| Application opens on | 18th December 2023 |
| Last date of application | 20th December 2023 |
| Date of Allotment | 21st December 2023 |
| Refund begins from | 22nd December 2023 |
| Credit of shares to Demat | 22nd December 2023 |
| Listing date | 26th December 2023 |
Why should you invest in Motisons Jewellers Ltd. IPO?
Motisons Jewellers Limited has reported a stable profit throughout the years. They have maintained a profitable margin on their revenue and have acquired a name in the jewellery industry. The business has also seen a significant increase of 14.35% in their net worth as of last year.
Motisons Jewellers IPO Grey Market Premium
| Date | GMP |
|---|---|
| 15th December | Rs.100 |
| 14th December | Rs.100 |
Motisons Jewellers IPO Noteworthy Highlights
- The company had done a pre-IPO placement of 60 lakh shares at a price of ₹55 per share to key investors, resulting in a total pre-IPO placement size of ₹33 crore.
- Motisons Jewellers IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
- Since there is no Offer For Sale (OFS) component in the IPO, the fresh issue portion will also be the overall size of the IPO.
Motisons Jewellers Ltd. IPO - SWOT Analysis
Strengths
The company's showrooms are strategically located and the product portfolio is diversified across price points and categories. The business has an established heritage and legacy spanning over two decades with efficient systems and procedures to mitigate risk. In the last 3 years, revenue growth has been robust and growing. However, what stands out about Motisons Jewellers Ltd. is that the company's net profits have more than doubled in the past two years.
Weaknesses
In the past, some of its Promoters and the company Promoter Group Companies have contravened the provisions of the SEBI Act and Regulations made thereunder for which penalties in nature of fine and/or debarment from accessing capital market have been imposed by SEBI. In certain matters, its Promoter has been acquitted too. If any such violation occurs in future, it may affect the company's goodwill and future aspects.
Opportunities
It is a high-return business that works best when an omnichannel approach is fully utilised. Because this is a specialist industry with great growth potential, the prices appear acceptable. Investing in the IPO is appropriate for investors searching for a proxy to the organisation of the Indian consumer and jewellery market. However, the dangers are substantial, thus a longer investment horizon is recommended.
Threats
Some of its Promoters and members of the company Promoter Group are involved in proceedings involving SEBI which could have an adverse impact on its business and reputation. The company is dependent on third parties for the production and manufacture of most of its products. It may be unable to maintain or establish formal arrangements with such third parties, and any disruptions at such third-party production or manufacturing facilities, or failure of such third parties to adhere to the relevant quality standards may hurt its reputation, business and financial condition.
Financial Snapshot - Motisons Jewellers
Check out the financial performance of Motisons Jewellers for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 274.71 crore | Rs 213.04 crore | Rs 9.67 crore |
| March 2022 | Rs 305.80 crore | Rs 314.33 crore | Rs 14.75 crore |
| March 2023 | Rs 335.83 crore | Rs 366.20 crore | Rs 22.20 crore |
A competitive analysis
Motisons Jewellers has Kalyan Jewellers India Ltd, Goldiam International Ltd, Thangamayil Jewellery Ltd and Renaissance Global Ltd as its peers. Take a look at their performances:
Competitive Analysis - Motisons Jewellers Ltd. IPO
| Company Name | Market Capitalisation(Rs.Cr) | 1-Year Return |
|---|---|---|
| Kalyan Jewellers India | 32,441.52 | 164.66% |
| Goldiam International | 1,828.33 | 25.72% |
| Thangamayil Jewellery | 3,858 | 180.09% |
How to apply for Motisons Jewellers Ltd. IPO?
You can apply for the Motisons Jewellers Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Motisons Jewellers Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
