Motisons Jewellers IPOMotisons Jewellers IPO IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com 👉A legacy of 31 Years.
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    Motisons Jewellers IPO Post Listing Review!
    The scrip showed strong debut. Motisons Jewellers which was subscribed 159.61 times had received strong response from all the categories of the investors. Now the scrip has listed at Rs. 109 compared to its issue price of Rs. 55, providing bumper return of 98.18%. However from long term investment angle, profit booking is suggested.

    Motisons Jewellers Anchor Investors
    Will provided detailed information soon

    What was the last GMP of Motisons Jewellers IPO? 
    Premium: Rs.66  downtrend seen
    R-Subject to Rs. 12500
    Rs 10 L Application Rs. 
    BHNI Subject to Rs. 187500 (Falling)

    What is the Subscription Status of Motisons Jewellers IPO? 

    On 20 December 2023 5.00 pm (Day 3)(Closed)
    Review: Very small IPO, so subscription is not a correct indicator.
    QIB:                4712750  Shares    135.01 T
    NII(10L+):      3664000  Shares    273.86 T
    NII (<10L)      1832000  Shares    388.25 T
    NII (Total)      5496000  Shares     311.99 T
    RII:               10662250  Shares     135.60 T
    Total:           20871000  Shares     173.23 T

    Motisons Jewellers IPO Promoters
    Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF and Sanjay Chhabra HUF

    Motisons Jewellers Company Details

    The company is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs as our Promoters with more than 20 years of experience. Its jewellery
    business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery
    products that include pearl, silver, platinum, precious, semi-precious stones and other metals. The other offerings include gold and silver coins, utensils and other artifacts.
    It started its jewellery business in 1997 with a single showroom in Jaipur, Rajasthan. Our first outlet,
    famously known as the ‘Traditional Store’ was set up amidst the famous lanes of the busiest Johri
    Bazaar, renowned jewellery hub in the heart of the city.

    It has, since then, expanded its network of showrooms and the product portfolio and currently operate 4 showrooms under the “Motisons” brand, located across the city of Jaipur. The flagship store ‘Motisons Tower’ is located at the high street of Tonk Road, Jaipur. The showroom at Tonk Road spans in an area of approx. 11,700 Sq Ft and has 3 floors with a dedicated floor space for silver, gold, and diamond jewellery respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighborhood in the southwestern part of Jaipur at Vaishali Nagar.
    In addition to selling products at our showrooms, it also sells its products through its online platform at https://www.motisonsjewellers.com/.

    For more information, click https://www.motisonsjewellers.com/

    Objects of the IPO
    The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following
    objects:
    • Pre-payments or scheduled repayment of a portion of the existing borrowing availed by the
    company.
    • Funding the working capital requirements of the Company

    Motisons Jewellers IPO Details
    IPO opens on  18 December ,2023
    IPO closes on  20 December ,2023
    Issue Type Book Built Issue IPO
    Issue Size 2,74,71,000 Sh /Rs 151.09 Cr
    * Fresh Issue  2,74,71,000 Sh /Rs 151.09 Cr
    * Offer for Sale  up to NIL Shares /Rs (?) Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs. 52-55
    Employee discount  Rs. – per share
    Retail Lot Size  250 Shares
    Listing will at  BSE, NSE
    Shares offered to Shares Rs.
    QIB (50 %)  13735500 75.55 Cr
    NII (15 %)    4120650 22.66 Cr
    RII (35 %)    9614850 52.88 Cr
    Employees 
    Total Shares  27471000 151.09
    Retail portion will be oversubscribed by  38459 Forms
    How much Shares to Apply?  
    Min Retail Application 250 Sh Rs. 13750
    Max Retail Application  3500 s Rs. 192500
    Small HNI (Min) application  3750 Sh Rs. 206250
    Small HNI (Max) application 18000 sh Rs. 990000
    Big HNI Application 18250 sh Rs. 1003750
    Motisons Jewellers IPO Tentative timetable
    IPO opens on 18 December, 2023
    IPO Closes on 20 December, 2023
    IPO Allotment on  21 December, 2023
    Unblocking of ASBA  22 December, 2023
    Credit of Shares  22 December, 2023
    Listing on 26 December, 2023
    Registered Office of Motisons Jewellers
    270, 271, 272 & 276 Johri Bazar, Jaipur 302003, Rajasthan, India
    IPO Lead Manager
    Holani Consultants Private Limited
    Registrar to IPO
    Link Intime India Private Limited
    Motisons Jewellers IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. Rs. Rs. %
    2020-21 213.06 9.67 1.49 9.58
    2021-22 314 14.75 2.27 12.77
    2022-23  366.80 22.20 3.42 16.15
    Book Value of the Share on 31.03.2023 Rs.21.15    
    Book Value of the Share after the IPO Rs.    
    Offer Price   Rs. 55    
    Ratio Analysis
    Upper Price Band/last EPS 24.39
    Upper offer price/Book Value Ratio 2.60
    Upper offer price/BV after IPO Ratio

    Motisons Jewellers Peer Comparison

    As on date of DRHP Total Income Rs. Face  PE
      Income Value Ratio of
      Rs. In Cr Rs  
    Motisons Jewellers 366 10 24.39
    Goldiam International 303 2 28
    D.P. Abhushan 1975 10 29
    Thangamayil 3153 10 24
    Renainsance 1355 10 48
           

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Motisons Jewellers IPO Guidance
    Jewellery IPOs normally catch fancy because of huge growth potential in India. Motisons Jewellers is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs as our Promoters with more than 20 years of experience.
    Size of the IPO is very small, so  Grey market players will remain cautious. 
    The company has reasonably good topline during last 3 years, however it has earned meagre profits during FY21 & FY 22. Extra-ordinary performance for FY23 (from Rs. 3.16 Cr in 2021-22 to Rs. 22.20 Cr in 2022-23) ahead of IPO raises eyebrows and concern over sustainability. If the company can sustain the performance of FY 23 in future, then the price is very reasonable. So, have a look at the Premium market and then decide. Because of the small size, the chances of allotment will be low.

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