About Company’s Business:
Motisons Jewellers, a prominent jewellery brand in Jaipur, Rajasthan, is led by experienced entrepreneurs Mr. Sandeep Chhabra and Mr. Sanjay Chhabra, sons of Mr. Moti Lal Jain, boasting over 20 years of expertise. As a hyperlocal jewellery retail chain in Jaipur with four showrooms, including a flagship one, Motisons Jewellers specializes in gold, diamond, and kundan jewellery, offering a diverse range of products, including pearl, silver, platinum, and various stones. Established in 1997, the business evolved into a public limited company in 2011, introducing the iconic ‘Motisons Tower’ showroom on Tonk Road, emphasizing quality, transparency, and customer service. With a portfolio featuring 300,000+ designs, Motisons Jewellers extends its presence by catering to digitally savvy customers by providing a seamless shopping experience. Expanding across Jaipur, the company continues to meet diverse market demands while upholding the highest standards of quality and purity, adhering to Bureau of Indian Standards metrics.
About the Industry:
As per the Dun and Bradstreet Report, the Indian gems and jewellery sector continues to showcase its brilliance on the global stage, playing a crucial role in the nation’s economic framework by contributing a notable 7% to the Gross Domestic Product. With a workforce exceeding 5 million skilled and semi-skilled individuals, this sector holds a substantial stake, contributing around 10-12% to India’s total merchandise exports, securing its position as the third-largest commodity share in the country. Remarkably, in the fiscal year 2023, the domestic gems and jewellery market achieved an approximate valuation of Rs 4,700 billion, with gold jewellery emerging as the leading segment.
Key Financial Information (₹ in million):
| Particulars | For the Period ended June 30, 2023 | As at and for the Fiscal ended March 31, 2023 | As at and for the Fiscal ended March 31, 2022 | As at and for the Fiscal ended March 31, 2021 |
|---|---|---|---|---|
| Equity Share capital (₹) | 6,497.50 | 6,497.50 | 6,497.50 | 6,497.50 |
| Net Worth (₹) (1) | 14,280.55 | 13,739.98 | 11,545.28 | 10,096.29 |
| Revenue from operations (₹) | 8,672.83 | 36,619.61 | 31,433.01 | 21,304.01 |
| Profit / (loss) for the period / year (₹) | 547.76 | 2,219.58 | 1,474.72 | 967.17 |
| Basic earnings per share (₹) | 0.84 | 3.42 | 2.27 | 1.49 |
| Diluted earnings per share (₹) | 0.84 | 3.42 | 2.27 | 1.49 |
| Net Asset Value per Share (₹) | 21.98 | 21.15 | 17.77 | 15.54 |
| Total Borrowings (₹) | 16,603.20 | 16,453.84 | 15,160.45 | 14,143.48 |
Objective of the Issue:
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Repayment of existing borrowings availed by our company from scheduled commercial banks;
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Funding the working capital requirement of our Company;
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Monday, December 18, 2023 |
| Close Date | Wednesday, December 20, 2023 |
| Issue Size | ₹151.09 Crores |
| Price | ₹52 to ₹55 per share |
| Lot Size | 250 Shares |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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