Motisons Jewellers IPO; Gems & Jewellery Retail company IPO to begin from December 18; Key Details here

Motisons Jewellers IPO is a public offering of shares by 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.. The IPO will open on December 18 and will close on December 20. The price band is ₹52 to ₹55 per share and the lot size is 250 shares. The issue size is ₹151.09 crore. The shares are expected to be listed on NSE, BSE on December 26 (^). Some additional information that you may find useful are: Business model includes A) sale of manufactured items 1) Diamond and Gem Stone Studded Jewellery 2) Gold Jewellery 3) Silver jewellery and articles and B) Trading of Gold, Diamond, Gemstone, Silver Jewellery and Other stones and C) Other Income.: (**) - based on higher price band (^) indicative date

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Key Pointers of Motisons Jewellers IPO:

Promoters of the company 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. Currently promoters hold 91.546% stake in the company.

• Company aims to raise between Rs 143 to 151 crs through this IPO.
• The net proceeds of the issue will be utilized to 1) Repayment of existing borrowings Rs. 58 crs, 2) Funding the working capital requirement Rs. 71 crs and 3) General corporate purposes
• Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 15-Dec-23.
• Price band for the IPO has been fixed at Rs 52 to 55 per share and bid lot are in multiple of 250 shares. The implied market cap post-issue at Rs 512 to 541 crs.
• As per the tentative schedule, allotment date of this IPO is most likely on December 21 and share are expected to be listed on NSE, BSE on December 26.
• Company has direct competition in the Retail Jewellery space with listed companies includes Goldiam International Limited, DP Abhushan Limited, Thangamayil Jewellery Limited and Renaissance Global Limited.
• Holani Consultants has been appointed as Merchant Banker to the issue. Link Intime India Pvt. Ltd. has been appointed as official registrar of the issue.

About Motisons Jewellers Limited

Motisons Jewellers Limited

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.

Business model includes A) sale of manufactured items 1) Diamond and Gem Stone Studded Jewellery 2) Gold Jewellery 3) Silver jewellery and articles and B) Trading of Gold, Diamond, Gemstone, Silver Jewellery and Other stones and C) Other Income.

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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.

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Source: SEBI, BSE, NSE, DRHP, Inox India, 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.