The initial public offering (IPO) of Motisons Jewellers will open for subscription on December 18 and close on December 20, is a fresh issue of 151.09 crore from the primary market. An investor can apply for the issue for a minimum of 250 shares and in multiples after that.
#1. Quick intro of Motisons Jewellers
Motisons Jewellers has been in the jewelry business for more than 2 decades, the company primarily sells gold, Kundan jewelry, diamonds, and jewelry made with pearl, silver, platinum, precious, semi-precious stones, and other metals.
The company has two manufacturing facilities in Jaipur for gold and diamond jewelry.
The company’s product portfolio comprises more than 300000 jewelry designs.
#2. IPO Object of Motisons Jewellers
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Repayment of existing borrowing availed by the company from SCBs
- Funding for the working capital of the company
- General Corporate Purposes
#3. Motisons Jewellers’s Core Strengths
- Strong brand name with heritage
- The strategic location of showrooms
- Diversified products portfolio
- Experience promoters directors with extensive domain knowledge
#4. Motisons Jewellers IPO Review & Rating
| Issue Size (Rs.) | 151.09 crore |
| Issue Price (Rs.) | 52-55 per share |
| Minimum Lot Size | 250 shares |
| Total Profit (March 2022) (Rs.) | 5.48 crore |
| P/E (%) | 17.59 |
| ROE (%) | 17.56 |
| Listing on | BSE and NSE |
| IPO Deliver Rating | Four |
#5. Motisons Jewellers IPO Dates, Price Band & Details
Motisons Jewellers IPO will open on December 18, 2023, and close on December 20, 2023. The IPO list on December 26, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size(Rs.) | 151.09 crore |
| Price Brand(Rs.) | 52-55 |
| Face Value(Rs.) | 10/- per share |
| IPO Open Date | December 18, 2023 |
| IPO Close Date | December 20, 2023 |
| IPO Allotment Date | December 21, 2023 |
| Refund Date | December 22, 2023 |
| Share Credit Date | December 22, 2023 |
| Listing Date | December 26, 2023 |
#6. Motisons Jewellers IPO Offer Details
Motisons Jewellers IPO’s total issue size is 27,471,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 24,471,000 | 151.09 |
| Offer for Sale (OFS) | – | – |
#7. Motisons Jewellers Financials Overview (lakh)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2022, 2021, and 2020.
| Category (Rs.) | March 31, 2022 | March 31, 2021 | March 31, 2020 |
| Total Revenue | 31433.01 | 21304.01 | 21894.31 |
| Net Worth | 11545.28 | 10096.29 | 9151.44 |
| Profit | 1474.72 | 967.17 | 316.36 |
| Borrowings | 15160.45 | 14143.48 | 13713.11 |
#8. Motisons Jewellers Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2022, 2021, and 2020.
| Category | March 31, 2022 | March 31, 2021 | March 31, 2020 |
| EPS (Rs.) | 2.27 | 1.49 | 0.49 |
| RoNW (%) | 12.77 | 9.58 | 3.46 |
| NAV (Rs.) | 17.77 | 15.54 | 14.08 |
#9. Motisons Jewellers Comparison with Other Peer Companies
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Kalyan Jewellers | 2.08 | 6.56 | 31.68 |
| Goldiam International | 5.20 | 23.90 | 22.04 |
#10. Motisons Jewellers Company Promoters
As per the DRHP and RHP, the company has six promoters.
| Serial No. | Name |
| 01. | Sandeep Chhabra |
| 02. | Sanjay Chhabra |
| 03. | Namita Chhabra |
| 04. | Moti Lal Sandeep Chhabra HUF |
| 05. | Sandeep Chhabra HUF |
| 06. | Sanjay Chhabra HUF |
#11. Motisons Jewellers Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 91.55 |
| Post-issue | – |
#12. Motisons Jewellers IPO Reservation Details
Motisons Jewellers IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Qualified Institutional Buyers (QIB) | Not more than 50% of the issue size |
| Retail Individual Investor (RII) | Not less than 35% of the issue size |
| Non-Institutional Investor (NII)/ HNI | Not less than 15% of the issue size |
| Employee Reservation/Discount | – |
#13. Motisons Jewellers IPO – Lot Size
An investor can apply for a minimum of 250 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 01 | 250 | 13,750 |
| Retail (Max.) | 14 | 3,500 | 1,92,500 |
| HNI (Min.) | 15 | 3,750 | 2,06,250 |
| HNI (Max.) | 72 | 18,000 | 9,90,000 |
#14. Motisons Jewellers IPO – Prospectus Copy
An investor can download/view the Motisons Jewellers prospectus copy, which the company filed to SEBI, details are as follows.
| Motisons Jewellers IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Motisons Jewellers IPO Registrar
Link Intime India Private Limited
Tel No.: +91-2249186200
E-Mail: motisons.ipo@linkintime.co.in
Website: www.linkintime.co.in
#16. Motisons Jewellers IPO Lead Manager
Holani Consultants Private Limited
Tel No.: +91-141-2203996
E-Mail: ipo@holaniconsultant.co.in
Website: www.holaniconsultant.co.in
#17. Motisons Jewellers IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Motisons Jewellers IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Motisons Jewellers Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Motisons Jewellers Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Motisons Jewellers IPO – Frequently Asked Questions (FAQs)
| #1. What is Motisons Jewellers IPO?
Motisons Jewellers brings its IPO of Rs. 151.09 crores, on December 18, 2023, with a price band of Rs. 52-55 per share. |
| #2. What is the Motisons Jewellers IPO Open date?
Motisons Jewellers IPO’s opening date is December 18, 2023. |
| #3. What is the Motisons Jewellers IPO Close Date?
Motisons Jewellers IPO’s closing date is December 20, 2023. |
| #4. What is the Motisons Jewellers IPO Listing date?
Motisons Jewellers’s IPO listing date is December 26, 2023. |
| #5. What is the Motisons Jewellers IPO Minimum investment amount?
Motisons JewellersIPO’s minimum investment amount is Rs. 13,750. |
| #6. What is the Motisons Jewellers IPO offer issue Size?
Motisons Jewellers offers an issue size of Rs. 151.09 crores. |
| #7. What is the Motisons Jewellers IPO Price Band?
Motisons Jewellers’s IPO price band is Rs. 52-55 per share. |
| #8. Is Motisons Jewellers IPO mainboard IPO or SME IPO?
Motisons Jewellers IPO is a mainboard IPO. |