Motisons Jewellers Ltd IPO
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Motisons Jewellers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 274.71 L | TBA | ₹ 96.15 L | ₹ 649.35 L | BSE | ₹ 151.09 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 18 Dec, 23 | 20 Dec, 23 | 250 | ₹ 13,000 | Book Building | 26 Dec, 23 |
Motisons Jewellers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Diamond Cutting |
| Sub Sector | Jewellery |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 54.01x | 13735500 | 741794250 |
| NII | 311.99x | 4120650 | 1285593250 |
| Retail | 135.6x | 9614850 | 1303820250 |
| Employee | 0x | 0 | 0 |
| Total | 121.26x | 27471000 | 3331207750 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Motisons Jewellers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 46.31 | 31.83 | 22.82 |
| EBITDA | 48.07 | 33.74 | 25.65 |
| PAT | 32.23 | 22.20 | 14.75 |
| Total Assets | 465.56 | 327.77 | 294.11 |
| Share Capital | 98.45 | 64.98 | 64.98 |
| Total Borrowings | 20.15 | 61.29 | 67.96 |
| Operating Activities (Net Cash) | 33.99 | 24.11 | 17.58 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 20.15 | 61.29 | 67.96 |
| Net Cashflow | 32.72 | 2.69 | 5.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Motisons Jewellers Ltd
Motisons Jewellers Limited was originally formed as M/s Motisons Jewellers, a partnership firm pursuant to partnership deed dated October 16, 1997, and was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Jaipur. M/s Motisons Jewellers was converted into a public limited company under the Companies Act, 1956 with the name Motisons Jewellers Limited pursuant to a certificate of incorporation dated May 09, 2011 issued by the Registrar of Companies, Rajasthan at Jaipur (RoC) bearing Corporate Identification Number U36911RJ2011PLC035122.
According to the Dun and Bradstreet Report, the Indian gems and jewellery sector continues to shine brightly on the global stage. It plays a pivotal role in the country's economic landscape, contributing a remarkable 7% to India's Gross Domestic Product. With over 5 million skilled and semi-skilled workers, this sector contributes approximately 10-12% of India's total merchandise exports, establishing itself as the third-largest commodity share in the country. Notably, in FY 2023, the domestic gems and jewellery market was valued at approximately Rs 4,700 billion, and gold jewellery was the leading segment.
Motisons Jewellers Limited is a leading jewellery brand in Jaipur, Rajasthan led by the experienced entrepreneurs Mr. Sandeep Chhabra and Mr. Sanjay Chhabra sons of Mr. Moti Lal Jain who have the experience of more than 20 years. It is a hyperlocal jewellery retail chain in Jaipur, Rajasthan with 4 showrooms (inclusive of one flagship showroom). Its jewellery business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery products that include pearl, silver, platinum, precious, semi-precious stones and other metals. Its product portfolio comprises over 300,000+ jewellery designs, including a wide range of gold, diamond and other jewellery products across different price points.
Peer Comparison:
- Goldiam International Ltd
- Thangamayil Jewellery Ltd
- Renaissance Global Ltd
Motisons Jewellers Ltd IPO Key Points
Strengths
- We have an established brand name with heritage and a legacy of over two decades.
- Strategic location of its showrooms.
- Diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.
- Established systems and procedure to mitigate risks and efficiencies in inventory management; Quality control Technology focus; safety, security and Surveillance Systems and Procurement of raw materials to avoid the adverse affects of the same on the financial conditions and operations of the company.
- Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.
Risk
- The company is heavily dependent on third parties for supplying its products. The company may be unable to maintain or establish formal arrangements with such third parties, and any disruptions at such third-party production or manufacturing facilities and their supply chains arrangements, or failure of such third parties to adhere to the relevant quality standards may have a negative effect on its reputation, business and financial condition.
- Its Promoters, Sanjay Chhabra and Sandeep Chhabra, in past, were involved in proceedings initiated by investigation agency in relation to betting in the cricket matches of Indian Premier League. Though they have been duly discharged, any re-opening of matter could have an adverse impact on its business and reputation.
- Four (4) of its Promoters, Sanjay Chhabra, Sandeep Chhabra and Kajal Chhabra and Motisons Entertainment (India) Private Limited and three (3) members of its Promoter Group, Motisons Shares Private Limited and Motisons Commodities Private Limited and Bholenath Real Estate Private Limited, are involved in proceedings involving SEBI and/or the Stock Exchange and other regulatory authorities. In the event SEBI or any other regulatory authority passes any unfavorable order imposing a penalty or debarment of the four (4) promoters or three (3) members of its Promoter Group from accessing the capital market, the same may have an impact on the business and reputation of the Company.
Strategy
- Continue to expand its retail network in a cost-efficient manner by leveraging its `Motisons' brand.
- Focus on expanding its product and brand portfolio to cater to existing portfolio gaps and increase its consumer reach.
- Leverage technology to grow its operations and focus on online channels.
- Continue to invest in its marketing and brand building initiatives.
- We have an established brand name with heritage and a legacy of over two decades.
- Strategic location of its showrooms.
- Diversified product portfolio of over 3,00,000+ Jewellery Designs under various categories such as Gold/Diamond Bangles, Necklaces, Earrings, Pendants, Rings and Chains and Silver Items with price points.
- Established systems and procedure to mitigate risks and efficiencies in inventory management; Quality control Technology focus; safety, security and Surveillance Systems and Procurement of raw materials to avoid the adverse affects of the same on the financial conditions and operations of the company.
- Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors.
How To Apply for Motisons Jewellers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.