1. IPO Details
Motisons Jewellers IPO is a book built issue of Rs 151.09 crores. The issue is entirely a fresh issue of 2.75 crore shares.
Motisons Jewellers IPO bidding started from December 18, 2023 and ended on December 20, 2023. The allotment for the Motisons Jewellers IPO is expected to be finalized on Thursday, December 21, 2023. Motisons Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.
Motisons Jewellers IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹13,750. The minimum lot size investment for sNII is 15 lots (3,750 shares), amounting to ₹206,250, and for bNII, it is 73 lots (18,250 shares), amounting to ₹1,003,750.
| Parameter | Details |
|---|---|
| IPO Name | Motisons Jewellers IPO |
| Issue Size | Rs 151.09 crores |
| Fresh Issue | 2.75 crore shares |
| IPO Bidding Period | December 18, 2023, to December 20, 2023 |
| Allotment Date | December 21, 2023 |
| Listing Date | December 26, 2023 |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 250 Shares |
| Minimum Investment (Retail) | ₹13,750 |
| Listing Exchanges | BSE, NSE |
| Issue Type | Book Built Issue IPO |
2. IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investors | 6,600,000 (25.55%) | NA |
| QIBs | 5,494,200 (21.27%) | NA |
| NII (HNI) | 4,120,650 (15.95%) | |
| – bNII > ₹10L | 2,747,100 (10.64%) | 732 |
| – sNII < ₹10L | 1,373,550 (5.32%) | 366 |
| Retail | 9,614,850 (37.22%) | 38,459 |
| Total | 25,829,700 (100%) |
3. IPO GMP
| Price Range | Lot Size | Max. Investment | Bid Dates | Listing Date | GMP Yesterday (20 Dec 2023) | GMP Today (21 Dec 2023) | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
| ₹ 52 to ₹ 55 | 250 | ₹13750 | 18-Dec-23 to 20-Dec-23 | 26-Dec-23 | ₹78 | ₹72 | ₹127 | 18000 | Y |
| Date | GMP |
| 21-Dec-2023 | ₹72 |
| 20-Dec-2023 | ₹78 |
| 19-Dec-2023 | ₹109 |
| 18-Dec-2023 | ₹120 |
| 17-Dec-2023 | ₹106 |
| 16-Dec-2023 | ₹106 |
| 15-Dec-2023 | ₹100 |
| 14-Dec-2023 | ₹100 |
| 13-Dec-2023 | ₹75 |
| 12-Dec-2023 | ₹60 |
| 11-Dec-2023 | ₹60 |
4. Anchor Investors Details
| Bid Date | Shares Offered | Anchor Portion Size (In Cr.) | Lock-in Period for 50% Shares | Lock-in Period for Remaining Shares |
|---|---|---|---|---|
| December 15, 2023 | 6,600,000 | ₹36.30 | February 2, 2024 | April 26, 2024 |
5. IPO Lot Size
- Investors can bid for a minimum of 250 shares and in multiples thereof.
6. IPO Promoter Holding
- The promoters of Motisons Jewellers Limited are Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF, and Sanjay Chhabra HUF.
- Share Holding Pre-Issue: 91.546%
- Share Holding Post-Issue: [Not Provided]
7. Financial Information (Restated Consolidated)
| Period Ended | Assets (₹ Cr.) | Revenue (₹ Cr.) | Profit After Tax (₹ Cr.) | Net Worth (₹ Cr.) | Total Borrowing (₹ Cr.) |
|---|---|---|---|---|---|
| 30 Jun 2023 | 348.13 | 86.76 | 5.48 | 142.81 | 166.03 |
| 31 Mar 2023 | 336.51 | 366.81 | 22.20 | 137.40 | 164.54 |
| 31 Mar 2022 | 306.53 | 314.47 | 14.75 | 115.45 | 151.60 |
| 31 Mar 2021 | 275.42 | 213.06 | 9.67 | 100.96 | 141.43 |
8. Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 17.59 |
| Post P/E (x) | 24.66 |
| Market Cap (₹ Cr.) | 541.45 |
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| EPS (₹) | 3.42 |
| RoNW | 16.15% |
9. IPO Subscription Status (Bidding Details)
| Category | Subscription (times) |
|---|---|
| QIB | 135.01 |
| NII | 311.99 |
| – bNII (bids above ₹10L) | 273.86 |
| – sNII (bids below ₹10L) | 388.25 |
| Retail | 135.60 |
| Total | 173.23 |
| Total Applications | 4,744,533 (123.36 times) |
Conclusion:
Motisons Jewellers IPO has garnered significant investor interest with a subscription of 173.23 times. The issue details, financial performance, and key indicators suggest a well-established company entering the market. Investors should carefully analyze the company’s prospects and financials before making investment decisions.
