Motisons Jewellers IPO | Price, Dates, GMP, Details | Upcoming IPO | moneymultiple.in
Motisons Jewellers Limited, a well-established player in the jewelry industry, is set to launch its Initial Public Offering (IPO) with a fresh issue of 2.75 crore shares, aiming to raise Rs 151.09 crores. In this article, we delve into the key details, financial performance, and market dynamics surrounding the Motisons Jewellers IPO.
IPO Details:
Motisons Jewellers IPO opens for subscription on December 18, 2023, and closes on December 20, 2023. The price band is set at Rs52 to Rs55 per share, with a minimum lot size of 250 shares and a minimum investment of Rs 13,750 for retail investors. The issue is entirely a fresh issue, totaling 27,471,000 shares, and is expected to list on both BSE and NSE on December 26, 2023.
Financial Performance:
Motisons Jewellers Limited has showcased impressive financial growth, with revenue increasing by 16.64% and profit after tax rising by 50.51% between March 31, 2022, and March 31, 2023. As of June 30, 2023, the company's assets stand at Rs 348.13 Crores, with a net worth of Rs142.81 Crores.
Grey Market Premium :
As of the latest update on December 16, 2023, the Grey Market Premium (GMP) for Motisons Jewellers IPO is Rs 104. The GMP reflects the difference between the grey market price of the IPO and its official IPO price.
Here are the details:
· IPO Price: Rs 55.00
· GMP: Rs 104
· Estimated Listing Price: Rs 159 (189.09% of the IPO price)
Competitive Strengths:
Motisons Jewellers boasts strategic showroom locations, a diversified product portfolio, and over two decades of industry experience. The company's efficient risk mitigation systems and procedures further strengthen its competitive position.
Market Dynamics and IPO Timeline:
The IPO timeline spans from December 18, 2023, to December 26, 2023, with the basis of allotment finalized on December 21, 2023. The listing date is set for December 26, 2023.
Anchor Investors and Reservation:
Motisons Jewellers IPO raised Rs 36.30 crores from anchor investors, with the anchor bid date on December 15, 2023. The reservation for QIBs is not more than 50% of the net issue, while retail and NII (HNI) have a minimum of 35% and 15%, respectively.
Objects of the Issue:
The net proceeds from the fresh issue will be utilized for repaying existing borrowings, funding working capital requirements, and general corporate purposes.
Key Performance Indicators (KPIs):
Motisons Jewellers IPO has a market cap of Rs 541.45 Crores, with a P/E ratio of 17.59. The company's Return on Equity (ROE) stands at 17.56%, and Return on Capital Employed (ROCE) is 30.04%. The Debt/Equity ratio is 3.32, and the Earnings Per Share (EPS) is Rs 3.42.