Jaipur based Gems & Jewellery Company Motisons Jewellers files DRHP with SEBI for the proposed IPO; Key Details here

Motisons Jewellers is into Consumers Gems & Jewellery and is looking raise funds through Fresh Issue

Motisons JewellersIPO: Fresh Issue of 33,471,000 Equity Shares through public issue IPO

Motisons Jewellers IPO: Motisons Jewellers Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.

Initial Public Offer comprising of a Fresh issue of 3,34,71,000 Equity Shares.. Holani Consultants have been appointed as lead merchant bankers for the proposed IPO. It has appointed as Registrar and Share transfer Agent. Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue of up to 33,471,000 Equity Shares.

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Objects of the issue:
1) Repayment of existing borrowings Rs. 58 crs, , 2) Funding the working capital requirement Rs. 71 crs, and 3) General corporate purposes.

Promoters of Motisons Jewellers are Mr. Sandeep Chhabra, Mr. Sanjay Chhabra, Mrs. Namita Chhabra and Mrs. Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF, Sanjay Chhabra HUF, Motisons Global Private Limited and Motisons Entertainment (India) Private Limited. and holds 100% stake in the company.

About Company:
Established in 1997, Jaipur based Jewellery brand Motisons Jewellers, led by the experienced entrepreneurs Mr. Sandeep Chhabra and Mr. Sanjay Chhabra sons of Mr. Moti Lal Jain who have the experience of more than 20 years. Company is hyperlocal jewellery retail chain in Jaipur, Rajasthan with 4 showrooms (inclusive of one flagship showroom). Jewellery business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery products that include pearl, silver, platinum, precious, semi-precious stones and other metals. Product portfolio comprises over 300,000+ jewellery designs.

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About Industry:
According to the Dun and Bradstreet Report, the Indian gems and jewellery sector continues to shine brightly on the global stage. It plays a pivotal role in the country's economic landscape, contributing a remarkable 7% to India's Gross Domestic Product. With over 5 million skilled and semi-skilled workers, this sector contributes approximately 10-12% of India's total merchandise exports, establishing itself as the third-largest commodity share in the country. Notably, in FY 2023, the domestic gems and jewellery market was valued at approximately Rs 4,700 billion, and gold jewellery was the leading segment.

Source: SEBI, BSE, NSE, DRHP, Motisons Jewellers, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.