Jaipur-based Motisons Jewellers IPO opens today ,December 18, 2023 and closes on December 20, 2023.IPO listing date is December 26, 2023
The Face Value is Rs 10 per equity share and IPO price band rs 52 to Rs 55 per equity share. Motison’s Jewellers IPO Grey Market Premium is over 130%.It aims to raise ₹151.09 crore from its initial offer via issuance of fresh shares.
By 12:00 PM on day one of bidding, the public issue has been subscribed 4.52 times whereas its retail portion has been subscribed 7.31 times.
Motisons Jewellers is a well known jewellery brand for over 20 years. They started small in Jaipur's Johri Bazaar, but have grown into a brand with stores across Rajasthan.
Their product line spans traditional, contemporary, and fusion designs, catering to various jewellery preferences and occasions. This includes jewellery suitable for weddings, festivals, daily wear across all age groups and genders, and covers a diverse price spectrum.The company offers around 300,000 designs in gold, diamond and other jewellery across different price points.
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