The Motisons Jewellers IPO, as of 11:46 AM on Day 2, has garnered substantial interest from investors, achieving a subscription of 28.62 times. The subscription details across various categories are as follows:
**Category-wise Subscription (as of 11:46 AM, Day 2):**
– **QIB (Qualified Institutional Buyers):** Subscribed 0.08 times
– Shares Offered: 54,94,200
– Shares Bid For: 4,21,500
– **NII (Non-Institutional Investors):** Impressive subscription of 34.92 times
– Shares Offered: 41,20,650
– Shares Bid For: 14,39,03,500
– bNII (bids above ₹10L): Strong subscription at 18.97 times
– Shares Offered: 27,47,100
– Shares Bid For: 5,21,11,000
– sNII (bids below ₹10L): Robust subscription at 66.83 times
– Shares Offered: 13,73,550
– Shares Bid For: 9,17,92,500
– **Retail:** Impressive subscription of 42.23 times
– Shares Offered: 96,14,850
– Shares Bid For: 40,60,81,250
**Overall Subscription Details (as of 11:46 AM, Day 2):**
– **Total Subscription:** 28.62 times
– **Total Shares Offered:** 1,92,29,700
– **Total Shares Bid For:** 55,04,06,250
**Total Applications Received:** 1,211,058
The retail category has witnessed an outstanding subscription of 42.23 times, indicating strong demand from individual investors. The NII category has also shown robust demand, with bids above and below ₹10 lakh seeing significant oversubscription. However, the QIB category has seen a relatively modest subscription.
Investors are closely monitoring the subscription status, and the final subscription figures at the close of the IPO will provide insights into the overall demand for Motisons Jewellers shares. The IPO comprises a fresh issue of ₹151.09 crore, with the price band set at ₹52 to ₹55 per share. The offer concludes on December 20, 2023.
