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  • By Goodwill
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  • December 14, 2023

IPO : Motisons Jewellers Limited

Motisons Jewellers Limited IPO

 SYMBOL MOTISONS
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Monday, December 18, 2023
 ISSUE CLOSES ON Wednesday, December 20, 2023
 ISSUE PRICE ₹52 to ₹55 per share
 ISSUE SIZE Up to Rs.151.09 Crores
 FACE VALUE Rs.10 per share

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.

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Motisons Jewellers IPO opens for subscription on December 18, 2023 and closes 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.

 MINIMUM BID 250 shares
 MINIMUM AMOUNT  Rs.13,750
 MAXIMUM BID 3500 shares
 MAXIMUM AMOUNT  Rs.192,500
 LISTING DATE Tuesday, December 26, 2023
 LISTING AT BSE-NSE

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.

Objects of the Issue (Motisons Jewellers IPO Objectives)

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.
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