Motisons Jewellers IPO share allotment expected today. Here's how you can check status

The share allotment of Motisons Jewellers IPO is expected to be finalised today. Investors received shares on a lottery basis and the whole process was supervised by the registrar.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

Step 1: Visit the BSE Website

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

The company's shares are expected to get listed on the exchanges on December 26. According to market sources, Motisons Jewellers is commanding a premium of Rs 70 in the unlisted market.

Considering the upper price band of Rs 55, the stock is likely to debut with a premium of 127%.

Motisons Jewellers IPO Subscription

The initial public offer (IPO) of Motisons Jewellers was subscribed 159.6 times at close, driven by strong interest from non-institutional buyers and qualified institutional buyers. The category reserved for retail investors was subscribed 122.28 times, while the NII portion garnered bids of 233.91 times. The category reserved for the QIB category was subscribed by a massive 157.4 times.

About Motisons Jewellers

Motisons Jewellery is a hyperlocal jewellery retail chain in Jaipur with 4 showrooms (inclusive of one flagship showroom). The company primarily sources finished jewellery from third-party suppliers across India and its business involves the sale of jewellery made of gold, diamond, kundan etc.

The product portfolio comprises over 300,000 jewellery designs, including a wide range of gold, diamond and other jewellery items across different price points.

Motisons Jewellers IPO GMP

Ahead of listing, Motisons Jewellers is commanding a premium of Rs 70-78.

Motisons Jewellers IPO Net Proceeds

Proceeds from the issue will be utilised to the extent of Rs 58 crore for debt payment, Rs 71 crore for funding the working capital requirement of the company and a portion will also be used for general corporate purposes.

Motisons Jewellers Financials

For the three months ended June, the company clocked revenue of Rs 86.7 crore and a profit of Rs 5.47 crore. In FY23, its revenue from operations rose 16% year-on-year (YoY) to Rs 366 crore, while profit jumped 51% to 22.19 crore.

Motisons Jewellers IPO Book-running lead managers

Holani Consultants is the sole book-running lead manager to the issue and Link Intime India Private Limited is the registrar.

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