If You Invested ₹15,000 In Motisons Jewellers IPO, Here's How Much You'd Have Today

Motisons Jewellers made a dream debut at the bourses, with its shares listing at an impressive 98% premium over the issue price. The stock commenced trading at ₹109, a substantial increase from the IPO price of ₹55.

The Investment: If you had invested ₹15,000 (₹13,750 as per the IPO structure) in the Motisons Jewellers IPO, and were lucky enough to get allotment, you would have received around 250 shares of the company. Today, on listing, those 250 shares would have been worth over ₹25,000.

IPO Overview: The ₹151-crore public issue garnered immense investor interest, being oversubscribed 159.61 times. This overwhelming response was observed across all investor categories, with high net-worth individuals subscribing 233.91 times, qualified institutional buyers 157.40 times, and retail investors 122.28 times.

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Motisons Jewellers, a Jaipur-based jewellery retail company owned by the Chhabra family, is set to utilize the net fresh issue proceeds for debt repayment amounting to ₹58 crore, addressing working capital requirements of ₹71 crore, and for general corporate purposes.

The company’s financial performance has been robust over the past three years. For the year ending March 2023, net profit surged by 50.5% to reach ₹22.2 crore, while revenue recorded a notable 16.5% increase, reaching ₹366.2 crore compared to the previous year.

Price Action: Motisons Jeweller’s share price was up 87% from its IPO price at ₹103.55 on the NSE in early trade on Tuesday.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

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