Motisons Jewellers IPO: 10 Key Points to Consider Before Subscribing.

“Motisons Jewellers IPO’ initial public offering (IPO) commenced on Monday, December 18, and is scheduled to conclude on Wednesday, December 20. On December 15, the company secured ₹36.3 crore from anchor investors, a day before the IPO opened. Only two investors participated in the anchor book, and the company confirmed the allocation of 6.6 million equity shares at a price of ₹55 per share. Notably, no shares were allotted to funds among the total allocation to anchor investors. The jewellery maker, owned by the Chhabra family, aims to raise ₹151.09 crore through the IPO, with a fresh issue component of 2.74 crore equity shares.”

Key Information Before Subscribing to Motisons Jewellers IPO:

  1. IPO Dates: The subscription for Motisons Jewellers IPO opens on December 18 and closes on December 20.
  2. Price Band: The IPO offers shares in the price range of ₹52-55 per share.
  3. IPO Size: A book-built issue with a total value of ₹151.09 crores, comprising a fresh issue of 2.75 crore shares.
  4. Reservation: Allocation is set at not more than 50% for QIB, not less than 35% for retail investors, and not less than 15% for Non-Institutional Investors (NII).
  5. Registrar: Link Intime India Private Ltd is the registrar for the issue.
  6. Book-Running Managers: Holani Consultants Private Limited serves as the book running lead manager for the IPO.
  7. Promoter Holding: The company’s promoters include Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF, and Sanjay Chhabra HUF.
  8. Allotment Date: The allotment for Motisons Jewellers IPO is expected to be finalized on December 21, 2023.
  9. Listing Date: The IPO is set to list on BSE and NSE, with a tentative listing date fixed for December 26, 2023.
  10. IPO Objective: Out of the net fresh issue proceeds, ₹58 crore will be used for debt repayment, ₹71 crore for working capital requirements, and the remaining allocated for general corporate purposes.”

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