Motisons Jewellers Ltd

Diamond, Gems and Jewellery

Offer Period :

18th to 12th Dec 2023

Motisons Jewellers Ltd IPO Details

IPO Date 18th to 12th Dec 2023 Minimum Investment ₹13750 / 1 Lots
Listing Date 2023-12-26 Maximum Investment ₹192500 / 14 Lots
Face Value ₹10 per share Total Issue Size ₹151.09 Crores
Price ₹55 to ₹55 per share Fresh Issue ₹151.09 Crores
Lot Size 1 Lots (250 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 18th to 12th Dec 2023
Listing Date 2023-12-26
Face Value ₹10 per share
Price ₹55 to ₹55 per share
Lot Size 1 Lots (250 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹13750 / 1 Lots
Maximum Investment ₹192500 / 14 Lots
Total Issue Size ₹151.09 Crores
Fresh Issue ₹151.09 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

18th Dec

IPO Starts

20th Dec

IPO Ends

21st Dec

Allotment Date

22nd Dec

Initiation of Refund

22nd Dec

Credit of Shares to Demat Account

26th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 91.49 65.95
Public Group 8.51 34.05

Motisons Jewellers Ltd IPO Reservation

QIB Shares Offered 5494200(20%)
NII (HNI) Shares Offered 4120650(15%)
Retail Shares Offered 9614850(35%)
Anchor Investor Shares Offered 8241300(30%)
Total Shares Offered 27471000
Total Shares With Anchor Investor 27471000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Motisons Jewellers Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 49186200
Email Id motisons.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Motisons Jewellers Ltd IPO Lead Manager

1. Holani Consultants Pvt Ltd

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Motisons Jewellers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Motisons Jewellers Ltd

1. We have an established brand name with heritage and a legacy of over two decades.

2. Strategic location of its showrooms.

3. Diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.

4. Established systems and procedure to mitigate risks and efficiencies in inventory management; Quality control Technology focus; safety, security and Surveillance Systems and Procurement of raw materials to avoid the adverse affects of the same on the financial conditions and operations of the company.

5. Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.

Risks Involved

1. The company is heavily dependent on third parties for supplying its products. The company may be unable to maintain or establish formal arrangements with such third parties, and any disruptions at such third-party production or manufacturing facilities and their supply chains arrangements, or failure of such third parties to adhere to the relevant quality standards may have a negative effect on its reputation, business and financial condition.

2. Its Promoters, Sanjay Chhabra and Sandeep Chhabra, in past, were involved in proceedings initiated by investigation agency in relation to betting in the cricket matches of Indian Premier League. Though they have been duly discharged, any re-opening of matter could have an adverse impact on its business and reputation.

3. Four (4) of its Promoters, Sanjay Chhabra, Sandeep Chhabra and Kajal Chhabra and Motisons Entertainment (India) Private Limited and three (3) members of its Promoter Group, Motisons Shares Private Limited and Motisons Commodities Private Limited and Bholenath Real Estate Private Limited, are involved in proceedings involving SEBI and/or the Stock Exchange and other regulatory authorities. In the event SEBI or any other regulatory authority passes any unfavorable order imposing a penalty or debarment of the four (4) promoters or three (3) members of its Promoter Group from accessing the capital market, the same may have an impact on the business and reputation of the Company.

4. In the past, two (2) of its Promoters, Sanjay Chhabra and Sandeep Chhabra and eight (8) of its Promoter Group Members have contravened the provisions of the SEBI Act and Regulations made thereunder for which SEBI imposed penalties in nature of fine amounting to Rs. 5,00,000 each on its Promoters and the total fine of Rs. 34,00,000 on eight (8) members of its Promoter Group and temporary debarment from accessing capital market of its promoter group company Motisons Commodities Private Limited during the period 20.08.2015 to 05.04.2018. Post 05.04.2018, there were no debarment of any promoter or member of promoter group or any directors. In one (1) matter, its two (2) Promoters have been acquitted also. If any such violation occurs in future, it may affect its goodwill and future aspects.

5. The company has availed unsecured loans from its promoters and members of promoter group carrying 11.60% Average Rate of Interest and secured loans from scheduled commercial banks and FIs carrying 8.58% Average Rate of Interest. Its making prepayment of borrowings other than auto loans from scheduled commercial banks from the proceeds of IPO carrying lessor Rate of Interest over borrowings availed from promoter and promoter group.

6. All its four (4) showrooms are in one geography namely Jaipur, Rajasthan. Any adverse development affecting such a region may have an adverse effect on its business, prospects, financial condition, and results of operations.

7. All its four (4) showrooms, including its registered office and one of its manufacturing facilities are taken on lease from the company promoters and members of its promoter group and the Company pays Rs. 285.80 Lakhs annually towards the lease or rent of these properties to its promoters and members of the company promoter group.

8. The company face competition in the markets in which its operate and may not be able to effectively compete in the future.

9. Under-utilization of manufacturing capacity may have a negative impact on the future financial condition of the Company.

10. Any customer complaints or negative publicity or concerns pertaining to purity and quality of its gold/ jewellery, making charges or hall markings or relating to any failure in its quality control processes, may have an adverse effect on its business, brand, results of operations and financial condition.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Motisons Jewellers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-26 544053 MOTISONS
INE0FRK01012
₹55 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹55 ₹55
Open ₹103.9 ₹109
Low ₹99.01 ₹103.55
High ₹109.09 ₹109.8
Low ₹99.01 ₹103.55

Frequently Asked Questions

What is Motisons Jewellers Ltd IPO?

Answer Field

Motisons Jewellers Ltd IPO is a Mainboard IPO of 2,74,71,000 equity shares of a face value of ₹10 aggregating up to ₹151.09 Crores. The issue is priced at ₹55 to ₹55 per share. The minimum order quantity is 250 Shares. The IPO opens on December 18, 2023, and closes on December 20, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Motisons Jewellers Ltd IPO will open?

Answer Field

The Motisons Jewellers Ltd IPO opens on December 18, 2023 and closes on December 20, 2023.

What is the lot size of Motisons Jewellers Ltd?

Answer Field

Motisons Jewellers Ltd lot size is 250 shares, and the minimum amount required is ₹13,750.

How to apply for Motisons Jewellers Ltd IPO?

Answer Field

You can apply in Motisons Jewellers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Motisons Jewellers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Motisons Jewellers Ltd IPO will be done on December 21, 2023, and the allotted shares will be credited to your demat account by December 22, 2023.

When is Motisons Jewellers Ltd IPO listing date?

Answer Field

The Motisons Jewellers Ltd listing date is December 26, 2023.

Who is the registrar of Motisons Jewellers Ltd IPO?

Answer Field

The registrar of Motisons Jewellers Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Holani Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Motisons Jewellers Ltd IPO?

Answer Field

The fresh issue size is ₹151.09 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Motisons Jewellers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 250 shares and ₹13,750 amount.

How can I approve the UPI mandate request for Motisons Jewellers Ltd IPO?

Answer Field

To apply for Motisons Jewellers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Motisons Jewellers Ltd?

Answer Field

The price of each Motisons Jewellers Ltd share will be ranging in between ₹55 to ₹55 per share.

What is the cut-off time for the UPI mandate for Motisons Jewellers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 20, 2023.

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