Business Standard

Motisons Jewellers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

151.09 cr

Price Range (₹)

55

Lot Size

250

Min Investment (₹)

13,750.00

Listing Exchange

MumbaiNSE

Open Date

18-Dec-2023

Close Date

20-Dec-2023

Listing Date

26-Dec-2023

Motisons Jewellers Ltd News

    The Shares of Motisons Jewellers Ltd have now been listed.

    Motisons Jewellers Ltd IPO Details

    Initial public issue of 2,74,71,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company for cash at a price of Rs. 55 per equity share (including a share premium of Rs. 45 per equity share), aggregating to Rs. 151.09 crores (The Issue). The issue will constitute 27.90 % of the post issue paid up equity share capital of the company. The company, in consultation with the brlm, has undertaken a pre-ipo placement of 60,00,000 equity shares for cash consideration aggregating to Rs. 33.00 crores (pre-ipo placement). The issue size as disclosed in ,up to 3,34,71,000 equity shares has been reduced by 60,00,000 equity shares pursuant to the pre-ipo placement and accordingly the issue is of up to 2,74,71,000 equity shares and the minimum issue size shall constitute at least 10% of the post-issue paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr).The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 55/- each which is 5.50 times of the face value of the equity shares.f

    Objective of issue

    Repaymet of existing borrowings availed by the company from schduled commercial bank. Funding the working capital requirement of the company. General corporate purposes.

    Motisons Jewellers Ltd Contact Details

    Motisons Jewellers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - csnareshsharma@motisons.com

    Website - www.motisonsjewellers.com