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Motisons Jewellers IPO

Motisons Jewellers IPO

  • Status: Closed
  • RHP:
  • ₹ 13,000 / 250 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    26 Dec 2023

  • Listing Price

    ₹103.90

  • Listing Change

    88.91%

  • Last Traded Price

    ₹28.20

IPO Details

  • Open Date

    18 Dec 2023

  • Close Date

    20 Dec 2023

  • IPO Price Range

    ₹ 52 to ₹ 55

  • IPO Size

    ₹ 151.09 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    26 Dec 2023

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IPO Timeline

Motisons Jewellers IPO Subscription Status

Last Updated: 22 December 2023 10:46 AM by 5Paisa

Motisons Jewellers Limited IPO is all set to open from 18th December to 20th December 2023. The company is known for selling gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.The IPO  includes total issue size of 27,471,000 shares worth ₹151.09 cr. The share allotment date is 21st December, and the IPO will be listed on 26th December on the stock exchanges. The price band is ₹52 to ₹55 per share and the lot size is 250 shares.    

Holani Consultants Private Limited  is the book-running lead managers for this IPO, while Link Intime India Private Ltd is the registrar. 

Objectives of Motisons Jewellers IPO:

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
 
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.
 

Motisons Jewellers IPO Video:

 

Motisons Jewellers Limited was founded in October 1997 and offers a variety of jewelry goods, including gold, diamond, and kundan jewelry. The business offers platinum, silver, pearls, and other metals for sale.

The firm sells a variety of jewelry lines with a wide range of items, including classic, modern, and combination designs. These items come in a variety of pricing points, are appropriate for all ages and genders, and are perfect for both regular use and special events like weddings and festivities.


With over 300,000 designs in gold, diamonds, and other materials, the firm provides a vast array of jewelry goods at various price points.

Peer Comparison
●    Kalyan Jewellers India Limited
●    Goldiam International Limited
●    DP Abhushan Limited
●    Thangamayil Jewellery Limited
●    Renaissance Global Limited
 

For More Information:
Motisons Jewellers IPO GMP
Webstory on Motisons Jewellers IPO
Know About Motisons Jewellers IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 366.19 314.33 213.04
EBITDA 31.83 22.81 15.73
PAT 22.19 14.74 9.67
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 336.51 306.53 275.42
Share Capital 64.97 64.97 64.97
Total Borrowings 199.11 191.07 174.45
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 3.84 6.11 17.13
Net cash from / (used in) investing activities 1.76 0.69 -0.74
Net cash flow from / (used in) financing activities -8.41 -7.4 -12.57
Net increase (decrease) in cash and cash equivalents -2.8 -0.59 3.82


Strengths

1.    The company has an established brand name with heritage and a legacy of over two decades.
2.    It has a Strategic location of its showrooms.
3.    The company have a 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. 
 

Risks

1.    The company is heavily dependent on third parties for supplying its products.
2.    Promoters of the company, Mr. Sanjay Chhabra and Mr. 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 the matter could have an adverse impact on the business and reputation.
3.     Promoters and Promoter Group are involved in proceedings involving SEBI and/or the Stock Exchange and other regulatory authorities
4.    All four (4) showrooms, including the registered office and one of the manufacturing facilities are taken on lease from the company's promoters and members of its promoter group
 

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FAQs

The minimum lot size of Motisons Jewellers IPO is 250 shares and the investment required is ₹13000.

The price band of Motisons Jewellers IPO is ₹ 52 to ₹ 55 per share.

The Motisons Jewellers IPO is open from 18th December to 20th December 2023.

The size of Motisons Jewellers IPO is around ₹151.09 cr. 

The share allotment date of Motisons Jewellers IPO is 21st of December 2023.

The Motisons Jewellers IPO will be listed on the 26th of December 2023.

Holani Consultants Private Limited is the book-running lead manager for Motisons Jewellers IPO.

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
 
• Repayment of existing borrowings availed by the company from scheduled commercial banks.
• Funding the working capital requirements of the Company and
• General corporate purposes.

To apply for Motisons Jewellers IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Motisons Jewellers IPO
●    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.