Motisons Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 22, 2023The Retail Jeweller Player based out of Jaipur, Motisons Jewellers Limited, has filed Draft papers with the capital market regulator SEBI to seek its approval.
The company has proposed an IPO comprising a Fresh Issue of Equity Shares aggregating up to 3,34,71,000 shares. The company has a long history of over two decades and has been serving its customers with a wide range of products and accommodating services.
Motisons Jewellers IPO was filed with SEBI in September end and will be flooring it in the market after approval.
Let’s move on and get to the details of this company and the IPO. In this Motisons Jewellers IPO Review, we will flip through the company details, their products, and all the aspects of the IPO.
| Face Value | Rs.10 |
| Price Band | Rs 52 to Rs 55 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 250 Shares |
| Listing Date | December 26, 2023 |
| Offer for Sale | NA |
| Fresh Issue | Rs 151.09 Cr. |
| IPO Size | Rs 151.09 Cr. |
| Tick Size | 1 |
Motisons Jewellers IPO Overview
Motisons Jewellers is a Jewellery retail player, and its incorporation goes long back to 1997 when its cornerstone was set. The company started its journey as a partnership firm, a public limited company today.
The company is planning to now list the shares on the stock exchanges and level up. Motisons Jewellers IPO is entirely a Fresh Issue of Equity Shares which also states that the existing shareholders or investors will not be making a downshift in their holding.
Motisons Jewellers IPO Important Dates
| Events | Date |
| IPO Opening Date | December 18, 2023 |
| IPO Closing Date | December 20, 2023 |
| Basis of Allotment Finalization | December 21, 2023 |
| Refunds Initiation | December 22, 2023 |
| Credit of Shares to Demat Account | December 22, 2023 |
| Share Listing Date | December 26, 2023 |
Motisons Jewellers’ IPO Dates will be determined after the DRHP approval. The company recently filed the Draft Red Herring Prospectus (DRHP) with the capital market regulator and is now waiting to obtain approval.
For the time, investors can also read through the DRHP, which includes details of the latest facts and the recent changes in the company’s structure and operations. It will elaborate on the offer. And for the brief details of this IPO, continue reading.
Motisons Jewellers IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 52 to Rs 55 |
| Offer for Sale | NA |
| Fresh Issue | Rs 151.09 Cr. |
| IPO Size | Rs 151.09 Cr. |
Motisons Jewellers’ IPO Size will be comprised of the equity shares offered through the Fresh Share Issue. The face value of the offered shares is Rs. 10 each, and the Motisons Jewellers IPO Price will be determined through the Book Building Process.
In consultation with the Book Running Lead Managers, the company will determine the price band and minimum lot size, and the final price will be determined after the subscription process.
Motisons Jewellers IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 22 Dec 2023 | Rs 75 | NA | Rs 14000 |
| 21 Dec 2023 | Rs 75 | NA | Rs 14000 |
| 19 Dec 2023 | Rs 120 | NA | Rs 22000 |
| 18 Dec 2023 | Rs 100 | NA | Rs 22000 |
| 17 Dec 2023 | Rs 100 | NA | NA |
| 14 Dec 2023 | Rs 90 | NA | NA |
| 13 Dec 2023 | Rs 55 | NA | NA |
| 12 Dec 2023 | Rs 55 | NA | NA |
| 11 Dec 2023 | NA | NA | NA |
| 10 Dec 2023 | NA | NA | NA |
Grey Market is a popular trading market where stocks are traded before their listing on the stock exchanges. The market operates outside the realm of the stock market and is an unregulated market.
Grey Market premium is the market price at which the shares are traded in Grey Market. Though this is an unofficial market, it has its own significance in an IPO. It is a means for companies to test the demand for their shares.
Motisons Jewellers IPO GMP, too, will lead the investors to bid in the IPO at the right price level.
Motisons Jewellers IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 18th Dec | 0.08x | 13.82x | 22.24x | 15.02x |
| 2nd Day – 19th Dec | 0.56x | 93.21x | 72.13x | 56.20x |
| 3rd Day – 20th Dec | 0.72x | 116.96x | 80.52x | 65.53x |
| Shares Offered or Net Issue | 5,494,200 | 4,120,650 | 9,614,850 | 25,829,700 |
Motisons Jewellers IPO Subscription will be the process where the company will invite bids from the investors and thereafter will make the allotment to the successful bidders.
Subscription is the step where the IPO is open, and the investors can apply to attain allotment of shares. In a book-built issue, the bidders apply within a price range known as Price Band. And later, the company determines one fixed price for the equity shares and goes ahead with the listing.
Motisons Jewellers IPO Allotment Status
The basis of the Motisons Jewellers IPO Allotment will be determined later subscription. The company’s IPO is in the initial phase currently and has applied for DRHP approval. Once the approval is received, important dates and information about the IPO opening will be made public.
Allotment of shares is when a company allots or credits the equity shares in the accounts of the bidders or people making the application.
Motisons Jewellers IPO Live Performance
Check out the Motisons Jewellers IPO Performance on the stock exchange once the shares are listed. Online resources allow you to stay up top with the information at your fingertips.
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Latest Motisons Jewellers IPO News
Jewelry Retail entity, Motisons Jewellers, filed their Draft papers with SEBI in September. The company will move ahead and open the IPO after it obtains approval.
Motisons Jewellers IPO is a Fresh Issue of Equity Shares for up to 3,34,71,000 equity shares. There is no Offer for Sale component in the IPO. The IPO will probably be floored in early 2023.
Motisons Jewellers – Company Review
Motisons instituted its operations in 1997 in the form of a partnership firm in the name “M/s Motisons Jewellers.” They started with a single showroom located in Jaipur, Rajasthan. From there, the promoters and the team of Motisons Jewellers have taken the entity touch incredible heights and have diversified the number of products to an immense level.
Today, Motisons Jewellers has been in operation for over two decades. In 2011, the entity changed its structure from a partnership firm to a public company and was renamed Motisons Jewellers Limited. The company is led by promoters having decades of experience in the background and which makes the company’s foundation even strong.
Products or Services
Exquisite Jewellery designs, a wide variety of choices, easy services, and convenience are how Motisons Jewelry customers elaborate the entity. The company offers a large number of products and including precious metals like Gold, Silver, and Diamond.
You will also find different categories in one product; that’s how wide their offerings are. For instance, if you are looking for rings, you can choose between Diamond rings, Solitaire Rings, Anniversary Rings, men’s Rings, Engagement Rings, Couple Bands, Office Wearing Rings, and Eternity Rings.
More products of Motisons Jewellers include Earrings, Pendants, Bracelets, Mangalsutra, Necklace sets, etc.
Also, you can find items like pearls, silver, platinum, precious, semi-precious stones, and more.
Promoters and Holding
The Promoters of Motisons Jewellers Limited are:
- Sandeep Chhabra
- Sanjay Chhabra
- Namita Chhabra
- Kajal Chhabra
- Moti Lal Sandeep Chhabra HUF
- Sandeep Chhabra HUF
- Sanjay Chhabra HUF
The management of the company includes:
- Sandeep Chhabra, in the position of Chairman and Whole Time Director
- Sanjay Chhabra, in the position of Managing Director
- Laksh Chhabra, in the position of Joint Managing Director
- Kajal Chhabra, in the position of Non-Executive Director
- Namita Chhabra, in the position of Non-Executive Director
- Sushil Kumar Gangwal, in the position of Independent Director
- Sunil Chordia, in the position of Independent Director
- Alpesh Fatehsingh Purohit, in the position of Independent Director
- Jayesh Nemchand Mehta, in the position of Independent Director
- Vikas Kaler, in the position of Independent Director
- Kaustubh Chhabra, in the position of Chief Financial Officer
- Neha Jain, in the position of Company Secretary cum Compliance Officer
Is Motisons Jewellers Good for Investment?
The Jewellery retailer Motisons Jewellers is gearing up to go public and offer their shares to the general public. Motisons Jewellers was established in 1997 and in over 20 years of its operations has expanded its scale to a large capacity.
Their flagship store is known as the “Motisons Tower” and is located in the prime area, Tonk Road of Jaipur. This showroom has three floors and is spread over an area of about 11,700 sq. ft. Customers can find any type of jewellery of any metal, including gold, diamond, and silver.
Also, in another expansion plan, they opened their recent jewellery store in an affluent region of Jaipur.
Motisons Jewellers Financial Statements
| Amount (in INR & lakhs) | |||
| 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | |
| Assets | 30,652.99 | 27,542.21 | 26,760.26 |
| Revenue | 31,447.13 | 21,306.22 | 21,898.94 |
| Expense | 29,448.17 | 19,999.63 | 21,475.96 |
| Profit After Tax | 1,472.72 | 967.17 | 316.36 |
Motisons Jewellers, which predominantly operates from Jaipur, Rajasthan, is a successful and profitable company. Their growth graph expresses the story of their hard work and efforts.
The company’s past year performances in terms of revenues and profits have also grown well. Motisons Jewellers’ total revenue for the years 2020, 2021, and 2022 were Rs. 21,898.94 lakhs, Rs. 21,306.22 lakhs, and Rs. 31,447.13 lakhs, respectively.
The company posted a profit of Rs. 1,472.72 lakhs for the financial year 2021-22, which is over four times larger figure than in 2020. The company’s business has heightened in recent years highly.
| Earnings per Equity Share (in Rs.) | |||
| 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | |
| Basic & Diluted | 2.27 | 1.49 | 0.49 |
The EPS of Motisons Jewellers might not look too appealing as it is even below Rs. 5. The EPS as of March 2022 was Rs. 2.27. As compared to previous years, the EPS to has increased to a good level.
Motisons Jewellers IPO Review
Motisons Jewellers IPO is a Fresh issue of Equity Shares aggregating up to 3,34,71,000 shares. The company promoters or any of the investor shareholders will not be selling their shares in the IPO and making an exit.
The company will be utilizing the proceeds from the issue towards making payments for the pre-payment of repayment of the debts availed by the company. Further, the funds utilizes to fund the working capital requirements.
Motisons Jewellers’ current positioning in the market is pretty tenable. They are growing in operations. They have recently established a new jewellery store in a new neighbourhood of Jaipur, and the remaining stores to are located in prime locations.
Motisons Jewellers IPO Details
Here are few more details you need to know before investing in Motisons Jewellers IPO –
Motisons Jewellers IPO Issue Object
- Pre-payments or scheduled repayment of a portion of the existing borrowing availed by our company.
- Funding the working capital requirements of our Company; and
- General corporate purposes.
Motisons Jewellers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- The strategic location of our showrooms.
- Diversified product portfolio across categories and price points.
- Established systems and procedures to mitigate risk and efficiencies.
- Visionary Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors..
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.27 | 12.77 | – |
| 31-Mar-21 | 1.49 | 9.58 | – |
| Mar-20 | 0.49 | 3.46 | – |
Motisons Jewellers IPO Lead Managers
Here is the list of Lead managers –
- Holani Consultants Private Limited
Motisons Jewellers IPO Registrar to offer
Check out the details of the registrar here –
LINK INTIME INDIA PRIVATE LIMITED
C – 101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 22 49186200
Fax: +91 22 49186195
Website: www.linkintime.co.in
Email: motisons.ipo@linkintime.co.in
Investor Grievance ID: motisons.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Motisons Jewellers IPO – Other Details
- Statutory Auditor – M/s Keyur Shah & Co. Chartered Accountants
- Legal Counsel to the Company – Chir Amrit Corporate LLP
- Bankers to the Company – Axis Bank Limited, HDFC Bank Limited and ICICI Bank Limited
Motisons Jewellers IPO Verdict by Stock Brokers
The Motisons Jewellers IPO is just moving on the surface presently. The company is yet to announce the details, like the IPO date and price band. Until now, there are not many reviews or critics of the IPO. We will soon update you on this aspect of the IPO.
Motisons Jewellers IPO – Conclusion
Motisons Jewellers IPO is a Fresh Issue that will lead to the company’s capital structure change.
The company will not be offering any shares of the existing shareholders, thus another attraction feature. The operations of the company are in a stable state and rather on a growth street. Motisons is a profit-making company, and the investors can have a high possibility of yielding good returns on this investment.
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Motisons Jewellers IPO Review FAQs
Check out the FAQs on Motisons Jewellers IPO –
What is the Issue Size of Motisons Jewellers IPO?
The Company is making an initial public offer of 27,471,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Motison Jewellers IPO?
The price band for this particular IPO ranges between Rs 52 to Rs 55. As far as the face value of the share is concerned, it is Rs.10 per share.
What is the Motisons Jewellers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 18, 2023, while the closing date is set at December 20, 2023.
What is the Motisons Jewellers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 21, 2023, refund initiation is on December 22, 2023, credit of shares is on December 22, 2023, and share listing date is on December 26, 2023.
What is the Motisons Jewellers IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 26, 2023. The date, when the listing would be done, is stagnant on December 26, 2023.
Who is the Registrar of Motisons Jewellers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Motisons Jewellers IPO?
Here are the promoters of this IPO – MR. SANDEEP CHHABRA, MR. SANJAY CHHABRA, MS. NAMITA CHHABRA, MS. KAJAL CHHABRA, MOTI LAL SANDEEP CHHABRA HUF, SANDEEP CHHABRA HUF AND SANJAY CHHABRA HUF . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Motisons Jewellers IPO?
They have obtained the GMP of this IPO and it is Rs. 75. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Motisons Jewellers IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Motisons Jewellers Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial years 2022, 2021, and 2020 of Motisons Jewellers was Rs. 1,472.72 Lakhs, Rs. 967.17 Lakhs, and Rs. 316.36 Lakhs, respectively.
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