Motisons Jewellers IPO
Basic information about the company: Motisons Jewellers Limited, established in October 1997, is a renowned jewelry brand offering a diverse range of products, including gold, diamond, kundan, pearls, silver, platinum, and more. With a flagship store in Jaipur, Rajasthan, and a recent addition in Vaishali Nagar, the company caters to various tastes and occasions, boasting over 300,000 designs. Key Highlights:
Product Range: Motisons Jewellers provides a broad spectrum of traditional, modern, and combination designs, suitable for weddings, celebrations, and everyday wear. Their offerings cater to all age groups and genders, spanning different price points.
Store Locations: Strategically positioned showrooms enhance accessibility, with the flagship Motisons Tower in Jaipur and a new branch in Vaishali Nagar, reflecting the company's commitment to serving diverse customer needs.
Competitive Strengths:
Strategic Locations: Well-placed showrooms.
Diversified Portfolio: Extensive product range at various price points.
Heritage and Experience: Over two decades of industry presence.
Risk Mitigation: Efficient systems and procedures in place.
Objects of the Issue (Motisons Jewellers IPO Objectives):
Repayment of Borrowings: Clearing existing debts from scheduled commercial banks.
Working Capital: Funding the company's working capital requirements.
General Corporate Purposes: Utilizing funds for overall business needs.
Motisons Jewellers IPO: Key Details
IPO Dates: 18 to 20 Dec 2023
Price Band: ₹52 to ₹55 Per Share
Lot Size: 250 Shares
Total Issue Size: 151 Crs
Retail Quota: 35%
GMP: +100% (only for the information) 📌Link for checking IPO allotment status: https://linkintime.co.in/mipo/ipoallotment.html Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
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