Motisons Jewellers IPO: L-R : Mr. Sanjay Chhabra, MD, Motisons Jewellers Ltd., Mr. Sandeep Chhabra, Chairman, Mr. Laksh Chhabra, JT Managing Director & Mr. Kaustubh Chhabra, CFO, Motisons Jewellers Ltd., the Promoters Chhabra family at the IPO launch Press Meet.- Photo By GPN
Motisons Jewellers IPO:L-R : Mr. Ashok Holani, JT Managing Director, Holani Consultants Pvt. Ltd., Mr. Kaustubh Chhabra, CFO, Motisons Jewellers Ltd., Mr. Lalit Musal, President, Mr. Sandeep Chhabra, Chairman, Mr. Sanjay Chhabra, MD, & Mr. Laksh Chhabra, JT Managing Director, at the IPO launch press conference in Mumbai- Photo By GPN
MUMBAI, 12 DECEMBER, 2023 (GPN): Motisons Jewellers Limited A hyperlocal jewellery retail chain and Leading Jaipur-based retail jewellery company on Tuesday said it has fixed a price band of Rs 52 to 55 a share for its initial public offering (IPO) that will open on Dec. 18. The IPO is entirely a fresh issue of 2.74 crore equity shares and there is no Offer For Sale (OFS) component. At the upper end of the price band, the IPO Size is Rs 151 crore.
Proceeds from the issue will be used for debt payment, funding the working capital requirement of the company and a portion will also be used for general corporate purposes.
Investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter.
Motisons Jewellers is managed by second generation entrepreneurs, Sandeep Chhabra, Chairman & Whole Time Director and Sanjay Chhabra, Managing Director, sons of Late Moti Lal Chhabra, who have over two decades’ years of expertise in the jewellery industry.
Its product portfolio comprises of over 300,000+ jewellery designs that includes traditional, contemporary and combination designs for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points.
Holani Consultants Private Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
Motisons started its jewellery business in 1997 with a single showroom in Jaipur, Rajasthan. Its 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.
Motisons Jewellers focuses on offering designs, high quality, transparency and customer service to its customers. Its offerings include gold and silver coins, utensils and other artifacts. It primarily sources finished Jewellery from third party suppliers located across India and its business involves 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, gold and silver coins, utensils and other artifacts. Its product portfolio comprises of over 300,000+ Jewellery designs that includes traditional, contemporary and combination designs for special occasions such as weddings and festivals to daily wear Jewellery for all ages, genders and across various price points.Ends
Motisons Jewellers Limited Main Board IPO Final Details
Issue Date : 18 – 20 Dec,2023
Price Band : ₹52 – ₹55
Market Lot : 250 Shares
Appl Amt : ₹13,750
Issue Size : ₹ 151 Cr Approx
Retail Portion : 35%
Face Value : ₹10
Retail Form : 38,459
SHNI Form : 366
BHNI Form : 733
Latest: #GMP: 60/- (109.09%)
RHP: https://www.sebi.gov.in/
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