December 26, 2023
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Motisons Jewellers IPO IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com 👉A legacy of 31 Years.
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Motisons Jewellers IPO Post Listing Review!
The scrip showed strong debut. Motisons Jewellers which was subscribed 159.61 times had received strong response from all the categories of the investors. Now the scrip has listed at Rs. 109 compared to its issue price of Rs. 55, providing bumper return of 98.18%. However from long term investment angle, profit booking is suggested.
Motisons Jewellers Anchor Investors
Will provided detailed information soon
What was the last GMP of Motisons Jewellers IPO?
Premium: Rs.66 downtrend seen
R-Subject to Rs. 12500
Rs 10 L Application Rs.
BHNI Subject to Rs. 187500 (Falling)
What is the Subscription Status of Motisons Jewellers IPO?
On 20 December 2023 5.00 pm (Day 3)(Closed)
Review: Very small IPO, so subscription is not a correct indicator.
QIB: 4712750 Shares 135.01 T
NII(10L+): 3664000 Shares 273.86 T
NII (<10L) 1832000 Shares 388.25 T
NII (Total) 5496000 Shares 311.99 T
RII: 10662250 Shares 135.60 T
Total: 20871000 Shares 173.23 T
Motisons Jewellers IPO Promoters
Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Ms. Namita Chhabra, Ms. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF and Sanjay Chhabra HUF
Motisons Jewellers Company Details
The company is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs as our Promoters with more than 20 years of experience. Its jewellery
business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery
products that include pearl, silver, platinum, precious, semi-precious stones and other metals. The other offerings include gold and silver coins, utensils and other artifacts.
It started its jewellery business in 1997 with a single showroom in Jaipur, Rajasthan. Our first outlet,
famously known as the ‘Traditional Store’ was set up amidst the famous lanes of the busiest Johri
Bazaar, renowned jewellery hub in the heart of the city.
It has, since then, expanded its network of showrooms and the product portfolio and currently operate 4 showrooms under the “Motisons” brand, located across the city of Jaipur. The flagship store ‘Motisons Tower’ is located at the high street of Tonk Road, Jaipur. The showroom at Tonk Road spans in an area of approx. 11,700 Sq Ft and has 3 floors with a dedicated floor space for silver, gold, and diamond jewellery respectively. The most recent outlet, opened in the year 2021, is situated in the affluent neighborhood in the southwestern part of Jaipur at Vaishali Nagar.
In addition to selling products at our showrooms, it also sells its products through its online platform at https://www.motisonsjewellers.com/.
For more information, click https://www.motisonsjewellers.com/
Objects of the IPO
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following
objects:
• Pre-payments or scheduled repayment of a portion of the existing borrowing availed by the
company.
• Funding the working capital requirements of the Company
| Motisons Jewellers IPO Details | |
| IPO opens on | 18 December ,2023 |
| IPO closes on | 20 December ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,74,71,000 Sh /Rs 151.09 Cr |
| * Fresh Issue | 2,74,71,000 Sh /Rs 151.09 Cr |
| * Offer for Sale | up to NIL Shares /Rs (?) Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 52-55 |
| Employee discount | Rs. – per share |
| Retail Lot Size | 250 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (50 %) | 13735500 | 75.55 Cr |
| NII (15 %) | 4120650 | 22.66 Cr |
| RII (35 %) | 9614850 | 52.88 Cr |
| Employees | – | – |
| Total Shares | 27471000 | 151.09 |
| Retail portion will be oversubscribed by | 38459 Forms | |
| How much Shares to Apply? | ||
| Min Retail Application | 250 Sh | Rs. 13750 |
| Max Retail Application | 3500 s | Rs. 192500 |
| Small HNI (Min) application | 3750 Sh | Rs. 206250 |
| Small HNI (Max) application | 18000 sh | Rs. 990000 |
| Big HNI Application | 18250 sh | Rs. 1003750 |
| Motisons Jewellers IPO Tentative timetable | |
| IPO opens on | 18 December, 2023 |
| IPO Closes on | 20 December, 2023 |
| IPO Allotment on | 21 December, 2023 |
| Unblocking of ASBA | 22 December, 2023 |
| Credit of Shares | 22 December, 2023 |
| Listing on | 26 December, 2023 |
| Registered Office of Motisons Jewellers | |
| 270, 271, 272 & 276 Johri Bazar, Jaipur 302003, Rajasthan, India | |
| IPO Lead Manager Holani Consultants Private Limited | |
| Registrar to IPO | |
| Link Intime India Private Limited |
| Motisons Jewellers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2020-21 | 213.06 | 9.67 | 1.49 | 9.58 |
| 2021-22 | 314 | 14.75 | 2.27 | 12.77 |
| 2022-23 | 366.80 | 22.20 | 3.42 | 16.15 |
| Book Value of the Share on | 31.03.2023 | Rs.21.15 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 55 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 24.39 |
| Upper offer price/Book Value Ratio | 2.60 |
| Upper offer price/BV after IPO Ratio | – |
Motisons Jewellers Peer Comparison
| As on date of DRHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| Motisons Jewellers | 366 | 10 | 24.39 |
| Goldiam International | 303 | 2 | 28 |
| D.P. Abhushan | 1975 | 10 | 29 |
| Thangamayil | 3153 | 10 | 24 |
| Renainsance | 1355 | 10 | 48 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Motisons Jewellers IPO Guidance
Jewellery IPOs normally catch fancy because of huge growth potential in India. Motisons Jewellers is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs as our Promoters with more than 20 years of experience.
Size of the IPO is very small, so Grey market players will remain cautious.
The company has reasonably good topline during last 3 years, however it has earned meagre profits during FY21 & FY 22. Extra-ordinary performance for FY23 (from Rs. 3.16 Cr in 2021-22 to Rs. 22.20 Cr in 2022-23) ahead of IPO raises eyebrows and concern over sustainability. If the company can sustain the performance of FY 23 in future, then the price is very reasonable. So, have a look at the Premium market and then decide. Because of the small size, the chances of allotment will be low.
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