Motisons Jewellers Ltd IPO

Motisons Jewellers Ltd IPO

Diamond, Gems and Jewellery

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Bidding period

18 Dec 2023 - 20 Dec 2023

Bid price

₹55.00 - ₹55.00

Listing on

BSE, NSE

Listing date

26 Dec 2023

Lot size

250 shares

Issue size

₹151.09 crore


Minimum investment

₹13,750.00 / 1 lot

Maximum investment

₹1,92,500.00 / 14 lot

Bidding closed on 20 Dec 2023

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Motisons Jewellers Ltd IPO dates

IPO opening date

18 Dec 2023

IPO end date

20 Dec 2023

Allotment date

21 Dec 2023

Initiation of refunds

22 Dec 2023

Credit of shares to demat

22 Dec 2023

IPO listing date

26 Dec 2023

Motisons Jewellers Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹475.00
Total liabilities ₹475.00
Total expenditure ₹372.34
Total revenue ₹417.18
Profit after tax ₹32.23
EBITDA ₹63.47
Adjusted EBITDA ₹0.00

Motisons Jewellers Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 91.49 65.95
Public group 8.51 34.05

Motisons Jewellers Ltd strengths and risks

Information currently unavailable

  • We have an established brand name with heritage and a legacy of over two decades.

  • Strategic location of its 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.

  • The company is heavily dependent on third parties for supplying its products. The company may be unable to maintain or establish formal arrangements with such third parties, and any disruptions at such third-party production or manufacturing facilities and their supply chains arrangements, or failure of such third parties to adhere to the relevant quality standards may have a negative effect on its reputation, business and financial condition.

  • Its Promoters, Sanjay Chhabra and Sandeep Chhabra, in past, were involved in proceedings initiated by investigation agency in relation to betting in the cricket matches of Indian Premier League. Though they have been duly discharged, any re-opening of matter could have an adverse impact on its business and reputation.

  • Four (4) of its Promoters, Sanjay Chhabra, Sandeep Chhabra and Kajal Chhabra and Motisons Entertainment (India) Private Limited and three (3) members of its Promoter Group, Motisons Shares Private Limited and Motisons Commodities Private Limited and Bholenath Real Estate Private Limited, are involved in proceedings involving SEBI and/or the Stock Exchange and other regulatory authorities. In the event SEBI or any other regulatory authority passes any unfavorable order imposing a penalty or debarment of the four (4) promoters or three (3) members of its Promoter Group from accessing the capital market, the same may have an impact on the business and reputation of the Company.

  • In the past, two (2) of its Promoters, Sanjay Chhabra and Sandeep Chhabra and eight (8) of its Promoter Group Members have contravened the provisions of the SEBI Act and Regulations made thereunder for which SEBI imposed penalties in nature of fine amounting to Rs. 5,00,000 each on its Promoters and the total fine of Rs. 34,00,000 on eight (8) members of its Promoter Group and temporary debarment from accessing capital market of its promoter group company Motisons Commodities Private Limited during the period 20.08.2015 to 05.04.2018. Post 05.04.2018, there were no debarment of any promoter or member of promoter group or any directors. In one (1) matter, its two (2) Promoters have been acquitted also. If any such violation occurs in future, it may affect its goodwill and future aspects.

  • The company has availed unsecured loans from its promoters and members of promoter group carrying 11.60% Average Rate of Interest and secured loans from scheduled commercial banks and FIs carrying 8.58% Average Rate of Interest. Its making prepayment of borrowings other than auto loans from scheduled commercial banks from the proceeds of IPO carrying lessor Rate of Interest over borrowings availed from promoter and promoter group.

  • All its four (4) showrooms are in one geography namely Jaipur, Rajasthan. Any adverse development affecting such a region may have an adverse effect on its business, prospects, financial condition, and results of operations.

  • All its four (4) showrooms, including its registered office and one of its manufacturing facilities are taken on lease from the company promoters and members of its promoter group and the Company pays Rs. 285.80 Lakhs annually towards the lease or rent of these properties to its promoters and members of the company promoter group.

  • The company face competition in the markets in which its operate and may not be able to effectively compete in the future.

  • Under-utilization of manufacturing capacity may have a negative impact on the future financial condition of the Company.

  • Any customer complaints or negative publicity or concerns pertaining to purity and quality of its gold/ jewellery, making charges or hall markings or relating to any failure in its quality control processes, may have an adverse effect on its business, brand, results of operations and financial condition.

How to check the allotment status of the Motisons Jewellers Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Motisons Jewellers Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Motisons Jewellers Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Motisons Jewellers Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 22 49186200
E-mail ID motisons.ipo@linkintime.co.in
Website www.linkintime.co.in

Motisons Jewellers Ltd IPO reservation

QIB shares offered

54,94,200 (20.0%)

NII (HNI) shares offered

41,20,650 (15.0%)

Retail shares offered

96,14,850 (35.0%)

Anchor investor shares offered

82,41,300 (30.0%)

Total shares offered

2,74,71,000

Total shares with anchor investor

2,74,71,000

Motisons Jewellers Ltd IPO lead manager

  • Holani Consultants Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Motisons Jewellers Ltd IPO?

The listing date for the Motisons Jewellers Ltd IPO is 26 Dec 2023.

What is the issue size of Motisons Jewellers Ltd IPO?

The issue size of the Motisons Jewellers Ltd IPO is ₹151.09 cr.

What is the minimum lot size needed for Motisons Jewellers Ltd IPO?

The minimum lot size for Motisons Jewellers Ltd IPO is 250

When does the Motisons Jewellers Ltd open and close?

Motisons Jewellers Ltd IPO is open from 18 Dec 2023 to 20 Dec 2023.

How can I apply for the Motisons Jewellers Ltd IPO?

To apply for the Motisons Jewellers Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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