The Motisons Jewellers IPO is a book-built offering for Rs 151.09 crores. The transaction is a completely new issuance of 2.75 crore shares.
Motisons Jewellers’ initial public offering (IPO) begins on December 18, 2023 and concludes on December 20, 2023. The Motisons Jewellers IPO allocation is expected to be completed on Thursday, December 21, 2023. Motisons Jewellers’ first public offering (IPO) will be listed on the BSE and NSE on Tuesday, December 26, 2023.
The IPO pricing range for Motisons Jewellers is set at 52 to 55 cents per share. An application requires a minimum lot size of 250 Shares. Retail investors must make a minimum investment of $13,750. The minimum lot size investment for sNII is 15 lots (3,750 shares), which amounts to 206,250, while the minimum lot size investment for bNII is 73 lots (18,250 shares), which amounts to 1,003,750.
Motisons Jewellers IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 52 to Rs 55 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 27,471,000 shares (aggregating up to Rs 151.09 Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to Rs 151.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 70,975,000 |
| Share holding post issue | 98,446,000 |
Motisons Jewellers IPO Timeline
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
Motisons Jewellers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | Rs 13,750 |
| Retail (Max) | 14 | 3500 | Rs 192,500 |
| S-HNI (Min) | 15 | 3,750 | Rs 206,250 |
| S-HNI (Max) | 72 | 18,000 | Rs 990,000 |
| B-HNI (Min) | 73 | 18,250 | Rs 1,003,750 |
