Table of Contents ;
Motisons Jewellers listing
Motisons Jewellers listing: Shares of the Jaipur-based jewellery company debuted at a premium of almost 100 per cent over the IPO price of Rs 55. Here is all you need to know
Jaipur-based Motisons Jewellers
Motisons Jewellers ipo , situated in Jaipur, rewarded investors with a spectacular launch on the stock exchanges on Tuesday after making a stunning entrance into Dalal Street. The company’s shares debuted at a premium of 98% on the National Stock Exchange (NSE), listing for Rs 109 as opposed to Rs 55, the issue price of the shares during their first public offering (IPO). Shares of the company began trading at Rs 103.90 per share on the Bombay Stock Exchange (BSE).
Grey Market Premium ; Motisons Jewellers
The buzz surrounding Motisons Jewellers was evident even before its listing, with the Grey Market Premium (GMP) consistently maintaining a 100 per cent premium over the issue price.
Motisons Jewellers IPO Details
The Rs 151-crore IPO of Motisons Jewellers drew significant attention, receiving a whopping 47.44 lakh applications.
This places it as the third-highest in terms of the number of applications ever received in an IPO, trailing only Tata Tech (75 lakh applications) and LIC (50 lakh applications).
The oversubscription was staggering, with the IPO subscribed 159.61 times. Notably, institutional buyers and non-institutional investors showed robust interest, subscribing 157.40 times and 233.91 times, respectively. The retail category also saw significant participation, with a subscription of 122.28 times.
About Business ; Motisons Jewellers
The Rs 151 crore money from the Motisons Jewellers IPO will be used wisely. Of that, a sizeable sum of Rs 58 crore will be used to pay down debt, and another Rs 71 crore will be used to support the company’s working capital needs. The remaining cash will be designated for general business uses. In Jaipur, Motisons jewels is a hyperlocal chain of retail jewels stores with four showrooms, including a flagship location. The company mostly purchases completed jewellery from independent vendors in India, with a focus on fine materials like gold, diamonds, kundan, and others.
With an extensive product portfolio featuring over 300,000 designs, Motisons Jewellers caters to diverse tastes and preferences, offering a wide range of jewellery items at various price points.
Financials of Motisons Jewellers
During the quarter ending June, the Motisons Jewellers achieved a revenue of Rs 86.7 crore and a profit of Rs 5.47 crore. For the entire fiscal year 2022-23, the company witnessed a substantial year-on-year growth, with revenue from operations increasing by 16 per cent to Rs 366 crore, and the profit experiencing a significant surge of 51 per cent, reaching Rs 22.19 crore.
Also read ; When The 3rd Aquaman Film coming…?
Disclaimer: The information provided in this share market update blog is for educational and informational purposes only. It should not be considered as financial advice or a recommendation for buying or selling stocks. Readers are encouraged to conduct their research and consult with a qualified financial advisor before making any investment decisions. Trading in the stock market involves risks and individuals are responsible for their investment choices.
शेयर बाजार में निवेश में जोखिम शामिल होते हैं। शेयरों के मूल्य में उतार-चढ़ाव हो सकता है और इसके परिणामस्वरूप वित्तीय नुकसान हो सकता है। पिछला प्रदर्शन भविष्य के परिणामों की गारंटी नहीं देता है। निवेश करने से पहले एक वित्तीय सलाहकार से परामर्श करने पर विचार करें, आपके द्वारा लिए गए निवेश निर्णय और उनके परिणाम की जिम्मेदारी स्वयं आपकी है।
