Motisons Jewellers IPO is going to open in a few days. People are looking for more details about the Motisons IPO. The company has recently mentioned its new IPO price band of the shares. It will be Rs. 52 to Rs. 55 per share. Motisons Jewellers is issuing fresh equity shares at the face value of Rs. 10. The company has made an after-tax profit of Rs. 5.48 Crores on a revenue of Rs. 86.76 crores. The net worth of Motisons Jewellers by 30 June 2023 is approximately Rs. 142 crores.
Motisons Jewellers IPO: Opening Date, Lot Size, Face Value & More
Motisons Jewellers will open the IPO on 18 December 2023 and close on 20 December 2023. The face value will be Rs. 10 per share. The IPO price band is announced between Rs. 52 – Rs. 55 per share. It has a LOT size of 250 shares. The company will be issuing 27,471,000 shares. All of them will be fresh equity shares. It will be listed on BSE and NSE. Motisons Jewellers have 50% for the QIB, 35% for Retail, and 15% for NII. Read more details below.
Motisons Jewellers IPO GMP Today
Motisons Jewellers had their GMP price available from 11 December 2023. It usually starts 4-5 days before the IPO opening. The Grey Market premium is +60. Its IPO Price is Rs. 55 max at the current moment. The GMP price is Rs. 60 from the last two days. We have discussed the GMP price for all the days below.
11 December 2023: Rs. 60
12 December 2023: Rs. 60
Allotment Date and Timing
Motisons Jewellers shares will be alloted on 21 December 2023. The refunds will be initiated on the next day, 22 December 2023. The subscribers can see the shares in their account by 22 December 2023.
Motisons Jewellers IPO Listing Date
Motisons Jewellers IPO will be listed on 26 December 2023. The listing price can be Rs. 115 per share. It will be interesting to see the company’s performance on the first day of listing. The Q1 results of FY 2024 show an after-tax profit of more than Rs. 5 crores. It indicates a high chance of the growth of the shares. The listing price is estimated to be Rs. 115 per share. The company will update the final listing price after the subscription. We hope you get enough details about IPO of Motisons Jewellers and GMP price.