Investing in an Initial Public Offering (IPO) can be an exciting yet intricate decision for investors. Motisons Jewellers, a prominent player in the jewellery industry, has recently announced its IPO, sparking interest among potential investors. Here, we delve into the crucial aspects you should be aware of before considering a subscription.
Table of Contents
1. Opening and Closing Dates
– Motisons Jewellers IPO date
The public issue is scheduled to open for subscription on December 18, allowing investors a window to participate. However, it’s crucial to note that the closing date is set for December 20, providing a limited timeframe for potential subscribers.
2. Pricing Details
– Motisons Jewellers IPO price band
Understanding the pricing of the IPO is paramount. The price band for Motisons Jewellers IPO has been fixed at ₹52-55 per share. Evaluating this range in conjunction with market trends is essential for making an informed decision.
3. IPO Size and Structure
– Motisons Jewellers IPO size
The IPO is a book-built issue of ₹151.09 crores, exclusively comprising a fresh issue component of 2.75 crore equity shares. This insight into the IPO’s size and structure aids in gauging its market impact.
4. Reservation Criteria
– Motisons Jewellers IPO reservation
To ensure fair participation, understanding the reservation criteria is crucial. Not more than 50% of the issue is reserved for Qualified Institutional Buyers (QIB), with a minimum of 35% for retail investors and at least 15% reserved for Non-institutional Investors (NII).
5. Registrar Details
– Motisons Jewellers IPO registrar
Link Intime India Private Ltd is the appointed registrar for the issue. Investors need to be aware of the registrar as it plays a pivotal role in handling various tasks related to share allocation and refunds.
6. Book-Running Managers
– Motisons Jewellers IPO book-running managers
Holani Consultants Private Limited holds the position of the book running lead manager for the issue. The choice of a reliable book manager can influence the IPO’s success and subsequent market performance.
7. Promoter Holding
– Motisons Jewellers IPO promoter holding
Understanding the promoters is key to assessing the company’s stability. Motisons Jewellers is promoted by individuals such as Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, and others, bringing a familial touch to the business.
8. Allotment and Listing Dates
– Motisons Jewellers IPO allotment date
Investors eagerly awaiting their share allocation should mark December 21, 2023, on their calendars. The IPO is expected to finalize its allotment process on this date.
– Motisons Jewellers IPO listing date
The eagerly anticipated listing on BSE and NSE is slated for Tuesday, December 26, 2023. Investors can witness the stock’s initial performance on these esteemed stock exchanges.
9. IPO Objective
– Motisons Jewellers IPO objective
Delineating the purpose behind the IPO proceeds is vital. Of the net fresh issue proceeds, ₹58 crore will be allocated for debt repayment, ₹71 crore for working capital requirements, and the remaining set aside for general corporate purposes.
Investing in an IPO requires meticulous consideration of various factors. Motisons Jewellers IPO, with its specific details and objectives, presents an opportunity for investors seeking exposure to the jewellery sector. By being well-informed about the nuances discussed, investors can make decisions aligned with their financial goals.
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