Motisons Jewellers IPO
Motisons Jewellers IPO — date, price band, lot size & details 2023
Motisons Jewellers listed on 26 Dec 2023 at ₹109, 98.2% above the ₹55 issue price.
Motisons Jewellers is a hyperlocal jewellery retail chain in Jaipur, Rajasthan, selling gold, diamond and kundan jewellery from 4 showrooms. Its total income was Rs 366.81 crore in FY2023.
Stock price
Motisons Jewellers is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 18 Dec 2023
- Close 20 Dec 2023
- Allotment 21 Dec 2023
- Refund/credit 22 Dec 2023
- Listing 26 Dec 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 20 Dec, 2023 |
|---|---|
| Price Band | ₹52 – ₹55 |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹151.09 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 13,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 250 shares at the ₹55 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 213.06 crore in FY2021 to Rs 366.81 crore in FY2023.
- 02Profit after tax rose from Rs 9.67 crore in FY2021 to Rs 22.20 crore in FY2023.
- 03The whole Rs 151.09 crore issue was fresh capital for working capital and debt repayment.
- 04The pre-issue P/E was 17.59 at the upper band of Rs 55, as per the source.
- 05Net worth grew from Rs 100.96 crore on 31 March 2021 to Rs 142.81 crore on 30 June 2023.
Risks · 5
- 01All 4 showrooms are in Jaipur, so the business depends on one city.
- 02Total borrowing was Rs 166.03 crore on 30 June 2023, above net worth of Rs 142.81 crore.
- 03Gold prices drive both sales and stock values, and the source puts the PAT margin at 6.06%.
- 04It relies on job-workers and contractors for some making, which carries quality risk. Profit was Rs 5.48 crore in the three months to 30 June 2023.
- 05Promoters and the promoter group held 91.55% before the issue and about 66% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Motisons Jewellers offer document.
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 348.13 | 336.51 | 306.53 | 275.42 |
| Total Income | 86.76 | 366.81 | 314.47 | 213.06 |
| Profit After Tax | 5.48 | 22.20 | 14.75 | 9.67 |
| NET Worth | 142.81 | 137.40 | 115.45 | 100.96 |
| Total Borrowing | 166.03 | 164.54 | 151.60 | 141.43 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Motisons Jewellers RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Motisons Jewellers IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| P/E Ratio (x) | 17.59 | 24.66 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹55 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹131.99 Cr of the issue is earmarked to named objects.
About the company
It is a hyperlocal jewellery retail chain in Jaipur with 4 showrooms, including one flagship showroom.
It sells jewellery made of gold, diamond and kundan, plus pearl, silver, platinum, precious and semi-precious stone jewellery. There were no selling shareholders in the issue.
The IPO was Rs 151.09 crore and was entirely fresh issue. Rs 71.00 crore was planned for working capital and Rs 58.00 crore for repaying bank borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Motisons Jewellers IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Holani Consultants Private Limited
3 issues handledBest listing: KRN Heat Exchanger & Refrigeration (+118.2%). Weakest: Skyways Air Services (-10.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Motisons Jewellers?
The current Grey Market Premium is ₹80, or 145% over the issue price.
What is the Motisons Jewellers IPO price band?
₹52 to ₹55, on a face value of ₹10.
When is the allotment?
The basis of allotment is 21 December 2023, with listing on 26 December 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
