Dec 18, 2023
By: Sourabh Jain
Credit: Motisons Jewellers
Jaipur-based Motisons Jewellers’ initial public offering (IPO) opens from Monday, December 18.
Credit: Motisons Jewellers
The Motisons Jewellers IPO will open on December 18 and close on December 20.
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Motisons Jewellers has fixed a price band of ₹52-₹55 per share for its public issue.
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Motisons Jewellers is looking to raise ₹151 crore from the current IPO. This is entirely a fresh issue and there is no offer for sale (OFS) component.
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Investors can bid for a minimum of 250 shares and in multiples of 250 shares thereafter.
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Motisons Jewellers is a Jaipur-based jewellery maker that sells gold, diamond, kundan jewellery, silver, platinum and other metals.
Credit: Motisons Jewellers
Motisons Jewellers currently operate four stores, with their flagship store located on Tonk Road, Jaipur. The company also sells its products through its online platform.
Credit: Motisons Jewellers
The company’s income was ₹366.81 crore in FY23, up from ₹314.47 crore in FY22. The company reported a net profit of ₹22.20 crore in FY23, up from ₹14.75 crore in FY22.
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The company relies heavily on third-party suppliers for its product, and the inability to establish or maintain formal agreements with these suppliers could pose significant risks to its operations.
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The company faces tough competition from organised and local sellers. It needs intensive working capital to run its operations and an inability to borrow such capital at reasonable terms can have an adverse effect on the business.
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