Motisons Jewellers IPO description – Motisons Jewellers India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 18, 2023
Motisons Jewellers IPO – Details
| Motisons Jewellers IPO Dates | 18 – 20 December 2023 |
| Motisons Jewellers IPO Price | INR 52 – 55 per share |
| Fresh issue | 27,471,000 shares (INR 151.09 crore) |
| Offer For Sale | NIL |
| Total IPO size | 27,471,000 shares (INR 151.09 crore) |
| Minimum bid (lot size) | 250 shares (INR 13,750) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Motisons Jewellers IPO – Date Schedule
| IPO Open Date | 18 December 2023 |
| IPO Close Date | 20 December 2023 |
| Basis of Allotment Date | 21 December 2023 |
| Initiation of Refund | 22 December 2023 |
| Credit of Shares to Demat Account | 22 December 2023 |
| IPO Listing Date | 26 December 2023 |
Motisons Jewellers IPO – About Company
Motisons Jewellers Limited specializes in retailing jewelry crafted from gold, diamonds, Kundan, and various other materials, including pearls, silver, platinum, and more.
Key Points:
- Product Range: Offers a diverse array of jewelry, including traditional, contemporary, and fusion designs, catering to special occasions and daily wear for all ages and genders.
- Flagship Store: ‘Motisons Tower’ in Jaipur, Rajasthan, covers 16,002.06 sq ft with three floors dedicated to silver, gold, and diamond jewelry. The most recent outlet, established in 2021, is located in the affluent Vaishali Nagar neighborhood in southwestern Jaipur.
- Online Presence: Apart from physical showrooms, products are available for purchase through the company’s online platform at Motisons Jewellers.
Motisons Jewellers Financial Performance
| FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 314.33 | 366.20 | 86.73 |
| Expenses | 294.48 | 336.89 | 79.40 |
| Net income | 14.75 | 22.20 | 5.48 |
| Margin (%) | 4.69 | 6.06 | 6.32 |
Figures in INR Crores
Motisons Jewellers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.49 | 2.27 | 3.42 |
| PE ratio | – | – | 15.20 – 16.08 |
| RONW (%) | 9.58 | 12.77 | 16.15 |
| NAV | – | 17.77 | 21.15 |
| ROCE (%) | 21.45 | 25.18 | 30.04 |
| EBITDA (%) | 14.61 | 12.33 | 13.55 |
| Debt/Equity | 1.40 | 1.31 | 1.20 |
Company Strengths
- The company has an established brand name with heritage and a legacy of over two decades.
- Strategic location of company’s showrooms.
- 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.
- 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.
- Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.
Objective Of The Issue
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding the working capital requirement of the Company.
- General corporate purposes.
Motisons Jewellers IPO GMP Today
| Date | IPO GMP | Kostak | Subject to Sauda |
| 18 December 2023 | 100 | – | 13,000 |
| 16 December 2023 | 95 | – | 4,500 |
| 15 December 2023 | 90 | – | 4,200 |
Motisons Jewellers IPO – Allotment Status
Motisons Jewellers IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Motisons Jewellers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Goldiam International Limited | 27.55 |
| 2 | 10 | DP Abhushan Limited | 29.09 |
| 3 | 10 | Thangamayil Jewellery Limited | 24.08 |
| 4 | 10 | Renaissance Global Limited | 48.00 |
Motisons Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 250 | 13,750 |
| Retail (Max) | 14 | 3,500 | 1,92,500 |
| S-HNI (Min) | 15 | 3,750 | 2,06,250 |
| S-HNI (Max) | 72 | 18,000 | 9,90,000 |
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