Motisons Jewellers Limited has initiated its MainBoard IPO today, and market enthusiasts are eyeing it with a Grey Market Premium (GMP) of 106% (₹106/-). The IPO is open for subscription from December 18 to 20, 2023, featuring a price band ranging between ₹52 to ₹55 per share. Investors can participate in lots of 250 shares, requiring an application amount of ₹13,750. The total issue size is approximately ₹151 Crores, with a significant retail portion set at 35%. The face value of each share stands at ₹10. Notably, the retail form count is 38,459, while SHNI (Shareholder Non-Institutional) forms amount to 366, and BHNI (Business Head Non-Institutional) forms total 733, indicating varied interest across different investor categories. This IPO presents an opportunity for investors to delve into the jewelry sector, backed by Motisons Jewellers Limited’s debut on the MainBoard.
Note: Motisons Jewellers will be listed in the T2T (Trade-to-Trade) segment. While you can sell on the listing day, shares will be credited to your demat account before listing, but you are not allowed to engage in intraday trading with them.
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Last reviewed by Abhishek Sharma on January 20, 2024
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