Motisons Jewellers limited is a retailer of jewelry with more than 20 years of expertise, and their promoters are seasoned businesspeople with more than 20 years of experience. Motisons Jewellers IPO will hit the stock market in September 2023.
Table of Contents
About Motisons Jewellers
They sell jewelry made of gold, diamonds, and kundan as well as other jewelry items made of pearl, silver, platinum, precious stones, & other metals.
Coins in both gold & silver, kitchenware, and other items are among their further goods. They started their business as a partnership firm called “M/s Motisons Jewellers” in 1997, then in 2011 they changed their legal status to a public limited company.
They now operate out of a number of important locations in Jaipur, Rajasthan. In 1997, they opened their first jewelry showroom in the Indian city of Jaipur.
Their first store, dubbed the “Traditional Store,” was established amid the well-known alleyways of the busiest Johri Bazaar, a renowned jewelry center in the middle of the city.
Showrooms
As the business grew, the Johri Bazaar showroom, which displayed gold and diamond jewelry, was expanded from its original size of approximately 304 square feet to 1355 square feet by 2002.
Since then, they have increased both the number of showrooms in their network and the range of products they offer. At the moment, they run 4 showrooms around Jaipur under the “Motisons” name.
Tonk Road in Jaipur is the home of the “Motisons Tower” flagship shop. Tonk Road’s showroom features three stories and a total floor area of about 11,700 square feet, with one floor each for silver, gold, and diamond jewelry.
The newest location, which debuted in 2021, is located in Vaishali Nagar, a wealthy district in Jaipur’s southwest.
Clients and R&D
Motisons Jewellers limited mostly purchase finished jewelry from independent manufacturers spread all across India. All jewelry made of gold, diamonds, and other precious and semi-precious stones are included in this.
Additionally, they employ artisans on a contract basis and operate their own jewelry-making facilities in Jaipur, Rajasthan, to meet the market’s rising demand for diamond and gem-studded jewelry.
They hire a variety of artists with whom they have good ties to produce ornaments on their behalf. They provide a wide range of handcrafted jewelry that is conceived and created by their in-house designers in close cooperation with knowledgeable regional artisans spread out around the nation.
Motisons Jewellers limited protect against the possibility of supplier concentration and ensure the best costs.
Motisons Jewellers IPO
Motisons Jewellers Limited, headquartered in Jaipur has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 3,34,71,000 Equity Shares on 30 September 2022.
The offer includes a fresh issue of 3,34,71,000 Equity Shares and there is no offer for sale (OFS) by the promoters mentioned in the DRHP. They are looking for any Pre-IPO placement of 60,00,000 Equity Shares in this issue.
-
- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 306.53 | 275.42 | 267.60 | ||
| Total Revenue | 314.47 | 213.06 | 218.99 | ||
| Profit After Tax | 14.75 | 9.67 | 3.16 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 2.46 | 2.46 | 3 |
| Financial Year 2021 | 1.49 | 1.49 | 2 |
| Financial Year 2022 | 0.49 | 0.49 | 1 |
| Weighted Average | 1.71 | 1.71 | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
Motisons Jewellers limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- The location of our showrooms is wise.
- A collection of products with a variety of categories and pricing points.
- Developed procedures and systems to increase productivity and reduce risk.
- Promoters with a clear vision and a proven track record, backed by a board of directors and senior management team with a wealth of expertise and accomplishments.
Motisons Jewellers Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Kalyan Jewellers India Limited | 43.00 |
| 2 | 2 | Goldiam International Limited | 14.19 |
| 3 | 10 | DP Abhushan Limited | 22.50 |
| 4 | 10 | Thangamayil Jewellers Limited | 43.66 |
| 5 | 10 | Renaissance Global Limited | 2.04 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 22, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Motisons Jewellers IPO Details
| IPO Opening Date | September 2023 |
| IPO Closing Date | September 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 3,34,71,000 Equity Shares |
| Fresh Issue | 3,34,71,000 Equity Shares |
| Offer for Sale | N/A |
Motisons Jewellers IPO Date
Motisons Jewellers Limited IPO opening date is September 2023, and the closing date is September 2023. The Motisons Jewellers issue may list in September 2023.
| IPO Opening Date | September 2023 |
| IPO Closing Date | September 2023 |
| Basis of Allotment Date | September 2023 |
| Initiation of Refunds | September 2023 |
| Credit of Shares to Demat Account | September 2023 |
| IPO Listing Date | September 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
Motisons Jewellers IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Motisons Jewellers IPO.
Motisons Jewellers IPO GMP
Motisons Jewellers Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
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Check Out the GMP of all Other IPOs
Motisons Jewellers Limited IPO Review
Motisons Jewellers Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Motisons Jewellers IPO is good or bad.
Motisons Jewellers Limited IPO Risk
- Their business may suffer as a result of certain of members of their Promoter Group being involved in SEBI proceedings.
- Their Company, Promoters, & Directors are embroiled in a number of legal disputes. Any unfavorable verdict in such processes could subject them to fines or penalties & have a negative impact on their business.
- Their promoters, Mr. Sanjay Chhabra & Mr. Sandeep Chhabra, have previously been a part of investigations launched by an agency due to betting on cricket games in the Indian Premier League.
- From promoters, the promoter group, group firms, & other companies that are recallable at any time, they have obtained unsecured loans.
- Their prosperity depends heavily on the strength of their brands, & they can fail to keep those brands strong.
Other Threats
- Natural or man-made calamities, as well as the emergence of worldwide pandemics like the COVID19 pandemic, could have a negative impact on their financial status & cash flows.
- Their inability to quickly adapt to shifting consumer wants and market trends, as well as to keep an ideal amount of inventory in their showrooms, could have a negative effect on their business operations.
- The success and exposure of their showrooms determines their capacity to draw clients.
- They need a lot of working cash, therefore if they can’t find loans with sufficient amounts & appropriate conditions for business purposes, it could seriously harm their operations.
- Every single one of their showrooms, their registered office & one of their manufacturing facilities, are housed in rented space.
Online Sale
They sell their stuff through their online store at https://www.motisonsjewellers.com/ in addition to at their showrooms.
Online sales started in 2018 for younger, more tech-savvy customers who may explore their catalogue based on tastes, collections, and designs, buy the jewelry immediately, and have it delivered to their homes.
They opened their website in the year 2011. For the benefit of their clients, they also set up online appointments. Online markets typically offer a wide variety of goods that are unavailable in showrooms.
Motisons Jewellers Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Motisons Jewellers IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Motisons Jewellers Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| September 2023 | 1 | |||||
| September 2023 | 2 | |||||
| September 2023 | 3 |
Motisons Jewellers Limited Management
Their promoters, Mr. Sandeep Chhabra, Chairman & Whole-Time Director, son of Late Mr. Moti Lal Chhabra, and Mr. Sanjay Chhabra, Managing Director, son of Late Mr. Moti Lal Chhabra, have a combined total of more than 20 years of expertise in the jewelry business.
The Promoters, who come from a business family, started out with a clear goal in mind: to elevate the jewelry division in the retail industry to whole new heights. Implementing their growth initiatives has relied heavily on their connections with suppliers, customers, and other industry players.
They continue to be actively involved in their business activities, and their promoters contribute to the company their leadership and vision, which they believe has been crucial in sustaining their operations.
Motisons Jewellers Limited‘ Promoters
- Sandeep Chhabra
- Sanjay Chhabra
- Namita Chhabra
- Kajal Chhabra
- Moti Lal Sandeep Chhabra (HUF)
- Sandeep Chhabra (HUF)
- Sanjay Chhabra (HUF)
Principal Shareholder’s Holding
| Pre Issue Share Holding | 60.47% |
| Post Issue Share Holding |
Motisons Jewellers Limited Prospectus
Contact Details
Motisons Jewellers Limited
270, 271, 272 & 276
Johri Bazar, Jaipur –
302003, Rajasthan,
India
Email: [email protected]
Telephone: +91 – 141 – 4150000
Website: www.motisonsjewellers.com
Registrar
LINK INTIME INDIA PRIVATE LIMITED
C – 101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli (West), Mumbai 400083,
Maharashtra, India
Tel: +91 4067162222/18003094001
Email: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- HOLANI CONSULTANTS PRIVATE LIMITED
We hope we are able to answer all your questions about Motisons Jewellers IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Motisons Jewellers Limited IPO Opening Date?
Motisons Jewellers Limited IPO will open in September 2023.
Motisons Jewellers Limited IPO Listing Date?
Motisons Jewellers Limited IPO will list in September 2023.
Motisons Jewellers IPO GMP Today?
Motisons Jewellers IPO Grey Market Premium is INR 0 .
Motisons Jewellers Limited IPO Allotment Date?
Motisons Jewellers Limited IPO basis of allotment will be in September 2023.
Lot size for Motisons Jewellers Limited IPO?
Lot size for Motisons Jewellers Limited IPO is 0.
