Motisons Jewellers Limited is launching its IPO. The offer opens for subscription on December 18, 2023, and will close on December 20, 2023.
What does Motisons Jewellers Limited do?
Founded in October 1997, the jewelry brand is headquartered in Jaipur, Rajasthan. Renowned for its hyperlocal retail chain, the company has four showrooms, including a regional flagship store. Specializing in a diverse range of jewelry, the company offers an extensive collection that includes over 300,000 designs.
Their portfolio features gold, diamond, kundan, and a variety of other pieces made from materials like pearl, silver, platinum, and precious stones.
The company’s strategic approach to location and customer reach is highlighted by the main store in Jaipur, Rajasthan, and a recent branch in the affluent Vaishali Nagar area. In addition to its physical locations, the company has an internet presence. Customers can view and buy jewelry from the company’s website.
What is the issue size of the Motisons Jewellers Limited IPO?
The company’s public offering consists of a fresh issue worth approximately Rs 151.09 crores, with no offer for sale by existing shareholders, totaling around Rs 151.09 crores in equity shares.
Financials of Motisons Jewellers Limited IPO
| Financial Year | Total Assets (₹ crores) | Total Revenue (₹ crores) | Profit After Tax (₹ crores) | EPS | EBITDA (₹ crores) |
|---|---|---|---|---|---|
| March 31, 2021 | 275.42 | 213.06 | 9.67 | 1.49 | 31.12 |
| March 31, 2022 | 306.53 | 314.47 | 14.75 | 2.27 | 38.75 |
| March 31, 2023 | 336.51 | 366.81 | 22.20 | 3.42 | 49.60 |
| June 30, 2022 | 348.13 | 86.76 | 5.48 | 0.84 | 12.61 |
Risk factors to consider:
Third-Party Dependency: Heavy reliance on third-party suppliers, disruptions or quality issues may harm reputation and finances.
Loan Structure: Mix of unsecured loans with high interest and secured loans; prepayment from IPO proceeds impacts borrowing.
Geographic Concentration: All showrooms in Jaipur; regional adverse developments could affect business and financials.
Promoter Regulatory Issues: Promoters and group members in SEBI and stock exchange proceedings; unfavorable orders may impact the company’s business and reputation.
Lease Dependency: Showrooms and facilities on lease from promoters; failure to renew or manage costs could affect operations.
Low Capacity Utilization: Low utilization affects manufacturing cost components; and impacts profits, financial strength, and trading business reliance.
Working Capital Funding: Majority funded through borrowings; inability to secure reasonable borrowings could adversely affect business.
Debt Recovery Risk: Failure to recoup designated debts and payment defaults may negatively impact operational performance.
Regulatory Compliance: Requirement for permits and approvals; non-compliance with regulations may adversely affect business, finances, and operations
Schedule/Timeline of Motisons Jewellers Limited IPO
| Issue Period | December 18, 2023, to December 20th, 2023 |
|---|---|
| Price band | ₹ 52 -55 |
| Minimum Bid quantity | 250 & Multiples thereof |
| Deadline for accepting UPI mandate | 5:00 PM on the issue Closing Date. |
| Finalization of Allotment | December 21, 2023 - Thursday |
| Initiation of Refunds | December 22, 2023 - Friday |
| Credit of Shares | December 22, 2023 - Friday |
| Date of Listing | December 26, 2023 - Tuesday |
| Mandate end date | January 5, 2023 - Friday |
| Anchor Investors Lock-In End Date | |
| (50% of the Investment) | January 22, 2024 - Monday |
| Anchor Investors Lock-In End Date | |
| (Remaining of the Investment) | March 20, 2024 - Wednesday |
How to apply for the Motisons Jewellers Limited IPO?
You can apply forMotisons Jewellers Limited Limited using any supported UPI app by following two steps:
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Enter your bid on Kite
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Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status of the Motisons Jewellers Limited IPO?
You can check the allotment status for Motisons Jewellers Limited Limited IPO on the website of the Registrar and Transfer Agent. Alternatively, you can also check the allotment status on the NSE website.