BSE & NSE
18 Dec - 20 Dec '23
₹52 - ₹55
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.
|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
|26th December 2023
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.
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.
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.
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.
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.
Check out the financial performance of Motisons Jewellers for recent years:
|Rs 274.71 crore
|Rs 213.04 crore
|Rs 9.67 crore
|Rs 305.80 crore
|Rs 314.33 crore
|Rs 14.75 crore
|Rs 335.83 crore
|Rs 366.20 crore
|Rs 22.20 crore
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:
|Kalyan Jewellers India
You can apply for the Motisons Jewellers Ltd. IPO in these ways:
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.
What are the opening and closing dates for Motisons Jewellers IPO?
Motisons Jewellers IPO will open for subscription on December 18 and close on December 20.
What is the price band for Motisons Jewellers IPO?
The price band for Motisons Jewellers IPO is ₹52 to ₹55 per share.
Who is taking part in the OFS?
There will be no Offer For Sale (OFS) component.
What is Motisons Jewellers IPO Minimum and Maximum Lot Size?
The lot size for Motisons Jewellers IPO is 250 shares and in multiple thereof. A retail-individual investor can opt for up to 14 lots.
What will be the promoter shareholding in Motisons Jewellers after the IPO?
The promoter shareholding in Motisons Jewellers after the IPO will reduce to 91.55% from 66.00%.
Who are Motisons Jewellers IPO Lead Managers?
Holani Consultants are the sole Book Running Lead Managers (BRLMs) to the issue.
Who is the registrar of the issue?
Link Intime India Pvt Ltd. is the registrar for Motisons Jewellers IPO.
When will Motisons Jewellers IPO allotment take place?
The finalisation of the basis of allotment for Motisons Jewellers IPO will be done on December 21, and the allotted shares will be credited to investors’ demat accounts by December 22.
When and where will the Motisons Jewellers shares be listed?
The equity shares of Motisons Jewellers are proposed to be listed on December 26, 2023, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).