Motisons Jewellers Limited is engaged in the business of selling jewelry made of gold, diamonds, and Kundan, as well as other jewelry products such as pearl, silver, platinum, and other metals.
The company offers a wide range of products, including traditional, contemporary, and combination designs across various jewelry lines. These products cater to special occasions like weddings and festivals and daily wear jewelry for all ages and genders and across different price ranges.
Motisons Jewellers’ flagship store ‘Motisons Tower’ is located in Jaipur, Rajasthan, spanning 16,002.06 Sq Ft and has 3 floors with a dedicated floor space for silver, gold, and diamond jewelry respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighborhood in the southwestern part of Jaipur, Rajasthan at Vaishali Nagar.
In addition to selling products at showrooms, the company also sell their products through our online platform at https://www.motisonsjewellers.com/.
Motisons Jewellers IPO – Details
| IPO Opening Date | 18 December 2023 |
| IPO Closing Date | 20 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,74,71,000 Shares Worth ₹151.09 Crore Fresh Issue: 2,74,71,000 Shares Worth ₹151.09 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 – ₹55 |
| Market Lot | 250 Shares |
| Min Order | 250 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Motisons Jewellers IPO – Date Schedule
| IPO Open Date | 18 December 2023 |
| IPO Close Date | 20 December 2023 |
| Basis of Allotment Date | 21 December 2023 |
| Initiation of Refund | 22 December 2023 |
| Credit of Shares to Demat Account | 22 December 2023 |
| IPO Listing Date | 26 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 20 December 2023 |
Motisons Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | 13,750 |
| Retail (Max) | 14 | 3,500 | 1,92,500 |
| S-HNI (Min) | 15 | 3,750 | 2,06,250 |
| S-HNI (Max) | 72 | 18,000 | 9,90,000 |
| B-HNI (Min) | 73 | 18,250 | 10,03,750 |
Competitive Strengths
- The company has an established brand name with heritage and a legacy of over two decades.
- Strategic location of company’s showrooms.
- Diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.
- Established systems and procedure to mitigate risks and efficiencies in inventory management; Quality control Technology focus; safety, security and Surveillance Systems and Procurement of raw materials to avoid the adverse affects of the same on the financial conditions and operations of the company.
- Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.
Company Promoters
- Mr. Sandeep Chhabra
- Mr. Sanjay Chhabra
- Ms. Namita Chhabra
- Ms. Kajal Chhabra
- Moti Lal Sandeep Chhabra HUF
- Sandeep Chhabra HUF
- Sanjay Chhabra HUF
- Motisons Global Private Limited
- Motisons Entertainment (India) Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 213.06 | 199.99 | 9.67 | 141.43 |
| 31 March 2022 | 314.47 | 294.48 | 14.74 | 151.60 |
| 31 March 2023 | 366.80 | 336.88 | 22.19 | 164.53 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| EPS (Rs) | 3.42 |
| RoNW | 16.15% |
Object Of The Issue
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding the working capital requirement of the Company.
- General corporate purposes.
Motisons Jewellers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Goldiam International Limited | 27.55 |
| 2 | 10 | DP Abhushan Limited | 29.09 |
| 3 | 10 | Thangamayil Jewellery Limited | 24.08 |
| 4 | 10 | Renaissance Global Limited | 48.00 |
Motisons Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 91.55% |
| Post Issue Share Holding | 66.00% |
Motisons Jewellers IPO Prospectus
Company Contact Information
| Motisons Jewellers Limited 270, 271, 272 & 276 Johri Bazar Jaipur – 302003 Phone: +91 – 141– 4150000 Email: nehajaincs@motisons.com Website: https://motisonsjewellers.com/ |
Motisons Jewellers IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: motisons.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Motisons Jewellers IPO Lead Manager(s)
| 1. Holani Consultants Private Limited |
Motisons Jewellers IPO FAQs
| What is Motisons Jewellers IPO? Motisons Jewellers IPO is a main-board IPO. The issue is priced at ₹52 to ₹55 per equity share. The IPO is to be listed on BSE & NSE. |
| When Motisons Jewellers IPO will open? The IPO is to open on 18 December 2023 for QIB, NII, and Retail Investors. |
| What is Motisons Jewellers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Motisons Jewellers IPO? You can apply Motisons Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Motisons Jewellers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Motisons Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Motisons Jewellers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Motisons Jewellers“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Motisons Jewellers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Motisons Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Motisons Jewellers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Motisons Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Motisons Jewellers IPO Size? Motisons Jewellers IPO size is ₹151.09 Crore. |
| What is Motisons Jewellers IPO Price Band? Motisons Jewellers IPO Price Band is ₹52 to ₹55. |
| What is Motisons Jewellers IPO Minimum and Maximum Lot Size? The minimum bid is 250 Shares with ₹13,750 amount while the maximum bid is 3500 Shares with ₹1,92,500. |
| What is the Motisons Jewellers IPO Allotment Date? Motisons Jewellers IPO allotment date is 21 December 2023. |
| What is the Motisons Jewellers IPO Listing Date? Motisons Jewellers IPO listing date is 26 December 2023. The IPO is to list on BSE and NSE. |
