How To Check Motisons Jewellers IPO Allotment Status

Motisons Jewellers is set to finalise the allotment status of its initial public offering (IPO) on Thursday, December 21. The Motisons Jewellers IPO bidding commenced on December 18 and concluded on December 20, featuring a price band of ₹52 to ₹55 per share.

Checking Allotment Status on Registrar's Website:

Here is a step-by-step guide to check Motisons Jewellers IPO allotment status

  1. Visit the registrar's website.
  2. Click on ‘Select Company' and choose ‘Motisons Jewellers'.
  3. Input your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Enter the captcha.
  5. Click on submit.

Checking Allotment Status on BSE

Alternatively, you can check the Motisons Jewellers IPO allotment status on the BSE website:

  1. Go to the BSE website.
  2. Click on ‘Equity’ and select ‘Motisons Jewellers' from the dropdown menu.
  3. Enter your application number and PAN.
  4. Click on ‘Search’.

See Also: Azad Engineering IPO: Should You Subscribe?

Motisons Jewellers IPO: The Jaipur-based jeweller Motisons plans to utilize the net proceeds from the fresh issue, with ₹58 crore allocated for debt repayment and ₹71 crore earmarked for fulfilling working capital requirements. The remaining funds will be utilized for general corporate purposes

On the final day of the IPO, Motisons Jewellers witnessed an overwhelming response, with a subscription of 159.21 times. Bids were received for 332.29 crore equity shares against the 2.09 crore shares on offer. Notably, the qualified institutional buyer segment subscribed 157.40 times, the non-institutional investors segment subscribed 233.80 times, and the retail portion demonstrated significant interest with a subscription of 121.56 times.

Motisons Jewellers’ shares are slated to be listed on the stock exchanges on December 22.

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Posted In: NewsIPOsMotisons Jewellers