Motisons Jewellers Set to Debut in IPO Market
About Motisons Jewellers
Motisons Jewellers Ltd, incorporated in October 1997, sells jewellery made of gold, diamonds, and Kundan. Additionally, it sells jewellery products such as pearls, platinum, silver and other precious and semi-precious metals.
In terms of product offering and positioning, Motisons Jewellers Ltd actively offers traditional, contemporary, and combination designs across various jewellery lines. The company's product portfolio of over 300,000 designs caters to all age groups and specifically tailors offerings for special occasions and celebrations like weddings and festivals, as well as daily wear jewellery.
Financial Snapshot
The company's financials have strengthened over the years, underlying its growth. Given below are some of the key financial metrics of the company for FY 23:-
| Net Worth | Rs 13,739.98 lakhs |
|---|---|
Revenue from Operations | Rs 36,619.61 lakhs |
Profit After Tax | Rs 2,219.58 lakhs |
Return Net on Worth | 16.15% |
IPO Details
The IPO comprises fresh equity issue of 2.71 crore shares, out of which 50% is reserved for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors. Other key details of the IPO are as follows:-
| IPO Subscription Starts On | December 18 |
|---|---|
IPO Subscription Ends On | December 20 |
IPO Price Band | Rs 52-55 per equity share |
IPO Lot Size | 250 shares and in multiples thereafter |
IPO Share Allotment | December 21 |
With the funds raised, the company plans to use:
- Rs 58 crore for debt payment
- Rs 71 crore for funding working capital requirement
The company plans to use the remaining funds for general corporate purposes.
Applying for Motisons Jewellers IPO Through Kotak Securities
If you want to be part of this IPO, you can easily apply for it through Kotak Securities. All you need to do is:
- Log into your Kotak Securities Demat account with your login credentials and go to current IPO section
- Feed in the IPO details, including the number of lots and the price you wish to apply for
- Upon entering your UPI ID, click on submit to place your bid with the exchange
- Your UPI app will be notified for blocking funds
- Upon approval, your funds will be blocked
In Conclusion
With strong leadership and a track record supported by highly accomplished senior management and team, Motisons Jewellers is well-poised for growth in the coming days. With a rich legacy of over two decades, the company has established systems and procedures to mitigate risk and efficiencies in inventory management. As with any IPO, it's essential to go through the draft red herring prospectus to know the potential risks before investing.
