Jaipur's Motisons Jewellers will likely disclose the allotment status of its initial public offering (IPO) on Thursday, December 21. The IPO, which commenced on December 18 and concluded on December 20, offered shares in the price range of ₹52 to ₹55 per share.
The response was overwhelming as the IPO garnered a subscription of 159.21 times on its final day, with bids pouring in for 332.29 crore equity shares against the 2.09 crore shares available.
Retail investors bought 122.28 times and high net-worth individuals (HNIs) picked up 233.91 times the allotted quota, while qualified institutional buyers (QIBs) booked 157.4 times the reserved portion.
The company intends to use the net proceeds of the fresh offering to finance the following goals: meeting the company's working capital needs, general corporate purposes and repaying the company's outstanding loans from scheduled commercial banks.
To check the Motisons Jewellers IPO allotment status, one can visit the registrar’s website:
Alternatively, one can verify the allotment status on the BSE or NSE websites. On the BSE website, select 'Equity,' choose 'Motisons Jewellers' from the dropdown menu, input the application number and PAN, and click on 'Search' to view the allotted shares.
Holani Consultants is the merchant banker to the issue, while Link Intime India is the registrar to the offer.
Established in October 1997, the company sells gold, diamond and kundan jewellery. Motisons also sell pearls, silver, platinum and other metals.
(Edited by : Amrita)
First Published: Dec 21, 2023 10:46 AM IST
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