Motisons Jewellers Ltd.'s initial public offering of Rs 151 crore was subscribed 159.6 times on the final day.
The maiden issue was priced in the band of Rs 52–55 per share.
The IPO included a fresh issue up to 2.75 crore shares with a face value of Rs 10 each. The jewellery maker will use the proceeds to reduce existing borrowing taken from the commercial banks.
IPO Details
Offer opens: Dec. 18
Offer closes: Dec. 20
Fresh issue size: Rs 151.3 crore
Price Band: Rs 52–55 per share.
Lot size: 250 shares.
Face value: Rs 10 per share.
Total offer size: Rs 151.3 crore
Listing: NSE, BSE.
Business
Motisons Jewellers was established in 1988 in Jaipur. With time, the company was able to expand across the country with a reputation of one of the prime jewellery makers.
Subscription Status: Day 3
The IPO was subscribed 159.61 times as of 7 p.m. on Wednesday.
Institutional investors: 157.40 times
Non-institutional investors: 233.91 times
Retail investors: 122.28 times
Watch IPO Adda With Motisons Jewellers' ManagementÂ
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