IPO Corner: Motisons Jewellers Ltd.

Motisons Jewellers has fixed the price band at Rs 52 to Rs 55 per Equity Share for its maiden initial public offer. The IPO will open on Monday, December 18, 2023, for subscription and close on Wednesday, December 20, 2023. Investors can bid for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter. The Public Issue of face value of Rs 10 per Equity Share is entirely a fresh issue of up to 2,74,71,000 equity Shares with no Offer for Sale component.

Its offerings include gold and silver coins, utensils and other artifacts. It had commenced its business through a partnership firm ‘M/s Motisons Jewellers’ in 1997 and subsequently converted into public limited company in 2011 and currently have presence across multiple prominent locations in Jaipur, Rajasthan. Motisons started with a single showroom in Jaipur, Rajasthan. It primarily sources finished jewellery from third party suppliers located across India and its business involves 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, gold and silver coins, utensils and other artifacts across multiple prominent locations in Jaipur, Rajasthan.

Its product portfolio comprises of over 300,000+ jewellery designs that includes traditional, contemporary and combination designs for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. The equity shares are proposed to be listed on BSE and NSE.