About Motisons Jewellers LimitedIncorporated in 1997, Motisons Jewellers Limited is a jewellery retailer, primarily operating in Rajasthan. It sells jewellery made of gold, diamond, kundan, pearl, silver, platinum, precious and semi-precious stones, gold and silver coins, utensils and other artefacts. The company has more than two decades of experience in the jewellery industry. Its first outlet, the ‘Traditional Store’ was set up in 1997, and it now operates four showrooms under the Motisons brand, located across the city of Jaipur, Rajasthan. It also sells its products through a website which was launched in 2011 and commenced sales in 2018. It primarily sources finished jewellery from third-party suppliers located across India. It also employs artisans on a job work basis. Its two manufacturing facilities are located in Jaipur, Rajasthan, for diamond and gemstone studded jewellery. The designs for its jewellery are developed in-house by a team of seven designers as of 31 October 2023. The company procures raw materials from various suppliers nationwide to ensure optimum prices and mitigate the risk of suppliers' concentration. The company uses extensive market research, data analytics and customer feedback to develop strategy and new designs for marketing. Between FY21 and FY23, the company saw a CAGR rise of 19% in its revenue from operations and 31% in its profit. Moreover, factors such as the growing middle-class population, improving economic landscape, rising disposable income, seasonal demands, hallmarking developed trust in quality and customary gifting are expected to drive the demand for gems and jewellery products in India, which could benefit the company. And now, Motisons Jewellers Limited is coming out with its initial public offer (IPO). The entire IPO will be a fresh issue and the money raised will be utilised to repay borrowings, fund capital expenditure and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Motisons Jewellers Limited IPO:
Financial snapshot
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Here’s a quick look at Motisons Jewellers Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Motisons Jewellers Limited IPO details|Motisons Jewellers Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Motisons Jewellers IPO’s opening date – in other words, the Motisons Jewellers IPO launch date – will be 18th December 2023. The Motisons Jewellers IPO closing date is 20th December 2023. After this, investors will be updated about the allotment status on 21st December 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 22nd December 2023. The Motisons Jewellers IPO listing date is 26th December 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Motisons Jewellers Limited IPO Price BandThe entire IPO is a fresh issue. The Motisons Jewellers IPO price band has been set between ₹52 and ₹55 per share. Interested investors can choose a price within this band to apply for the IPO. The Motisons Jewellers IPO listing price will be determined on 26th December 2023. The listing price is the price at which a company’s shares debut on the stock exchanges |Motisons Jewellers Limited IPO Lot size The Motisons Jewellers IPO details have been declared. The Motisons Jewellers IPO lot size is set at 250 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Motisons Jewellers IPO issue size is approx ₹151 crore. |
How to pre-apply for the Motisons Jewellers Limited IPO?You can pre-apply for the Motisons Jewellers Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Motisons Jewellers Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Motisons Jewellers Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Motisons Jewellers Limited IPO on Upstox:
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How to check the Motisons Jewellers LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Motisons Jewellers Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Motisons Jewellers Limited IPOTo apply for the Motisons Jewellers Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Motisons Jewellers Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Motisons Jewellers Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Motisons Jewellers IPO means applying for this public issue before it goes live. Click here to pre-apply for the Motisons Jewellers IPO on Upstox.
You can pre-apply for the Motisons Jewellers IPO from 15 December 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Motisons Jewellers IPO opens for the subscription.
The Motisons Jewellers IPO launch date is 18th December 2023. The Motisons Jewellers IPO will be open for subscription till 20th December 2023.
The Motisons Jewellers lot size is 250 shares and the minimum investment required is ₹13,750.
The Motisons Jewellers IPO price band is ₹52 – ₹55 per share.
The size of the Motisons Jewellers IPO is approx. ₹151 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
Motisons Jewellers shares will be on NSE and BSE.
Motisons Jewellers shares’ listing date is 26th December 2023.