Motisons Jewellers Limited IPO : Important Dates

Motisons Jewellers Limited IPO is set to launch on 18 December, 2023. The company initiated its business operations in the year 1997. The company sells diamond, gold and kundan jewellery and other jewellery products. Products portfolio of the company includes modern, traditional and combination designs jewellery. It also deals in silver, pearls, platinum and other metals. Currently the company has over 300,000 designs in its entire jewellery catalogue. Its main store is located in Jaipur. Another store was also opened in Jaipur recently in 2021. 

Motisons Jewellers Limited IPO DETAILS

Motisons Jewellers Limited IPO is set to launch on 18 December, 2023. The subscription timeline extends till 20 December, 2023. The size for the IPO is 151.09 Crore Rs. Shares issued through fresh issue mode are worth Rs 151.09 Crore. No shares are issued through offer for sale mode. The lot size is 250 shares and the price is 52 Rs to 55 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Motisons Jewellers Limited IPO 

Motisons Jewellers Limited IPO : IMPORTANT DATES

Motisons Jewellers Limited IPO begins for subscription from 18 December, 2023. The IPO subscription would continue till 20 December, 2023. The allotment status for the shareholders who applied would come on 21 December, 2023. The refunds for the ones who did not get allotment would be initiated on 22 December, 2023. The DEMAT accounts of shareholders would be credited on 22 December, 2023. The listing of the company would be completed on 26 December, 2023.

Motisons Jewellers Limited IPO : Lead Managers

The lead managers are :

• Holani Consultants Private Limited

The minimum lot size for the company is decided at 250 shares. This holding accounts to 13750 Rs.. The maximum lot size is decided at 3500 shares. This amounts to 192500 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Motisons Jewellers Limited had an asset base of 275 Crore Rs in the year 2021. This increased to 306 Crore Rs in the year 2022. The asset base of the company for the year 2023 was 336 Crore Rs. The revenue of the firm was 213 Crore Rs in 2021. This increased to 314 Crore Rs in 2022 which is an increase of more than 100 Crore Rs than the previous year. The revenue of the year 2023 was 366 Crore Rs. The profit of the firm was 9 Crore Rs in 2021 and 14 Crore Rs in 2022. The profit of the year 2023 was 22 Crore Rs.

PROS

• The company sells diamond, gold and kundan jewellery and other jewellery products. Products portfolio of the company includes modern, traditional and combination designs jewellery.
• It also deals in silver, pearls, platinum and other metals. Currently the company has over 300,000 designs in its entire jewellery catalogue. 
• Its main store is located in Jaipur. Another store was also opened in Jaipur recently in 2021.

CONS

• The company works in a highly competitive segment.

Motisons Jewellers Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Motisons Jewellers Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.