The listing date for Motisons Jewellers IPO has been officially slated for December 26, 2023. The equity shares of Motisons Jewellers Limited are set to be listed and traded on both BSE and NSE in the ‘T’ group of securities. The listing will occur in a special pre-open session, with the scrip placed in the Trade-for-Trade segment for the first 10 trading days.
As per the notice from BSE, “Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Motisons Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of ‘T’ Group of Securities.”
Despite the formal announcement, the grey market is abuzz with enthusiasm, signaling a robust debut for Motisons Jewellers shares. Stock market observers reveal that Motisons Jewellers share price is currently commanding a premium of ₹55 in the grey market. This suggests a dip from Friday’s Grey Market Premium (GMP) of ₹89, but the current premium still stands at a substantial 100%.
**Grey Market Premium Analysis:**
– Grey Market Premium Today: ₹55
– Friday’s GMP: ₹89
**Listing Price Projection:**
Market observers indicate that the grey market’s present GMP of ₹55 could translate to a Motisons Jewellers IPO listing price of approximately ₹110 (₹55 + ₹55). This anticipated listing price represents a 100% increase from the IPO price band of ₹52 to ₹55 per equity share.
However, seasoned stock market experts caution against relying solely on the grey market as an indicator for listing gains. They emphasize that the grey market is non-regulated and driven by speculation, unrelated to the company’s financials. Investors are advised to adhere to fundamental analysis, scrutinizing the company’s balance sheet, and making informed decisions rather than being swayed by trends in the unregulated grey market.
