Motisons Jewellers IPO: Subscribe Now at ₹52-55 per Share | Jaipur-Based Jewelry Company's Market Debut

Motisons Jewellers, a prominent jewelry company based in Jaipur, has commenced its initial public offering (IPO) subscription, setting a price band of ₹52-55 per share. The IPO, consisting of a fresh issue of 2.74 crore equity shares, will be open for subscription until December 20.

Unlike some IPOs, Motisons Jewellers' offering does not include an Offer for Sale (OFS) component. OFS is a method where promoters can transparently sell their shares through a bidding platform before the official listing.

At the upper end of the price band, the IPO is expected to generate ₹151 crore in funds. The minimum bid is set at 250 equity shares, with multiples of 250 thereafter.

Grey Market Premium (GMP) for Motisons Jewellers IPO is currently trading at ₹120, according to topsharebrokers.com. The grey market serves as an unofficial market where investors trade shares before their official listing on the stock exchange.

Motisons Jewellers plans to utilize the IPO proceeds for debt repayment, funding working capital requirements, and general corporate purposes. The company had previously secured ₹33 crore in a pre-IPO funding round in October, involving the placement of 6 million shares at ₹55 per equity share.

Holani Consultants is serving as the book-running lead manager for Motisons Jewellers' IPO. The equity shares are anticipated to be listed on both BSE and NSE on December 26.

Investors keen on participating in the IPO have the opportunity to bid for a minimum of 250 equity shares, contributing to the company's growth and market debut.