IPO Details

Bidding Dates

18 Dec '23 - 20 Dec '23

Minimum Investment

₹13,750 / 1 Lots ( 250 Shares )

Price Range

₹52 - ₹55

Maximum Investment

₹192,500 / 14 Lots ( 3500 Shares )

Retail Discount

Not Applicable

Issue Size

₹151.09 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 18, 2023

IPO Closing Date

Dec 20, 2023

Basis of Allotment

Dec 21, 2023

Initiation of Refunds

Dec 22, 2023

Credit of Shares to Demat Account

Dec 22, 2023

IPO Listing Date

Dec 26, 2023

Cut-off time for UPI mandate confirmation

Dec 20, 2023

IPO Subscription Details


Day 1Dec 18, 2023

0.08x 13.82x 22.24x 15.02x

Day 2Dec 19, 2023

0.56x 93.21x 72.13x 56.20x

Day 3Dec 20, 2023

0.72x 123.93x 84.02x 68.77x

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 0.72
Non-Institutional Buyers 123.93
Retail Investors 84.02
Total 68.77

About Company

Motisons Jewellers is a famous jewellery brand in Jaipur, Rajasthan. It started operating in 1997 by opening its first outlet in the famous Johri Bazar area. Motisons Jewellers famously deals in gold, silver, platinum, pearls, diamonds, precious and semi-precious stone jewellery, gold and silver coins, utensils, and other artefacts.

Expanding from a modest 304 sq. ft. at Johri Bazaar, Motisons now boasts four showrooms across Jaipur. The flagship, a 16,002 sq. ft. three-floor edifice on Tonk Road, offers exclusive silver, gold, and diamond collections. The newest outlet, opened in 2021, graces the upscale Vaishali Nagar.

Besides having showrooms and stores at various prime locations in Jaipur, the jewellery brand also sells its products online through its website. It offers a large variety of handcrafted jewellery sourced from various vendors across India and artisans engaged by the store. It currently has two manufacturing units located in the SEZ area of Sitapura. 

By partnering with various artisans and sourcing materials from numerous suppliers, the company maintains competitive pricing and offers a diverse product range. This strategy ensures a wide variety of handcrafted jewellery, designed and crafted by in-house designers and skilled craftsmen nationwide.

Industry Outlook 

  1. India's gems and jewellery industry significantly impacts the economy, contributing 7% to the GDP and employing over 5 million people. In FY 2023, the sector, with gold jewellery as its prime segment, reached a market value of approximately ₹4,700 billion.
  2. The Indian government allows 100% foreign direct investment in the gems and jewellery sector without prior approvals, attracting $58.77 billion in FDI in 2021-22.
  3. In the 2023-24 Budget, the Indian government removed Customs duties on seeds for uncut lab-grown diamond production to boost their production and global sales, aligning with the increasing demand and interest in these ethically and environmentally favourable gemstones.

Motisons Jewellers Limited IPO Details

Motisons Jewellers Limited IPO Date

The IPO of Motisons Jewellers Limited is open for subscription from December 18, 2023 to December 20, 2023.

Motisons Jewellers Limited IPO's Price Band

The price range is ₹52 to ₹55.

Motisons Jewellers Limited IPO’s Lot Size

The exact lot size are 250 shares.

Motisons Jewellers Limited IPO’s Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Repayment of Existing Borrowings: An amount of ₹5,800 lakh is allocated for repaying borrowings from scheduled commercial banks, with the entire sum designated for the fiscal year 2023-24 and none for 2024-25.
  2. Funding Working Capital Requirements: The company plans to allocate ₹7,100 lakh to fund its working capital requirements, with the full amount scheduled for deployment in the fiscal year 2023-24 and no allocation for 2024-25.
  3. General Corporate Purposes: This specific amount and deployment schedule need to be specified as the provided data seems incomplete.

How To Check the Allotment Status of Motisons Jewellers Limited’s IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • As such, Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Motisons Jewellers Limited

Registered office: 270, 271, 272 & 276 Johri Bazar, Jaipur – 302003, Rajasthan, India

Contact Person: Mr. Naresh Kumar Sharma (Company Secretary and Compliance Officer)

Phone: +91 – 141 – 4150000 

E-mail: csnareshsharma@motisons.com

Company Financials

Particulars ( ₹ lakh ) Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Income 36,680.63 31,447.13 21,306.22
EBITDA Margin (%) 13.55% 12.33% 14.61%
Profit After Tax (PAT) 2,219.58 1,474.72 967.17
PAT Margin (%) 6.06% 4.69% 4.54%
Total Borrowings 16,453.84 15,160.45 14,143.48
Debt to Equity Ratio(x) 1.20 1.31 1.40
Return on Equity (%) 17.56% 13.63% 10.05%
Return on Capital Employed (RoCE) (%) 30.04% 25.18% 21.45%
Earning Per Share (EPS) in absolute ₹ 3.42 2.27 1.49

Know before investing


  1. The company has strategically located stores at the heart of the famous Johri Bazar in Jaipur.

  2. It has an established integrated business model - leveraging technology - for efficient risk management, inventory management etc.

  3. The plan is to expand branches and product portfolio while leveraging technology to establish a strong online presence.


  1. Promoters and promoter groups are involved in several legal proceedings, betting in cricket matches, and irregularities with SEBI which might impact the brand’s reputation.

  2. The brand is operational only in the Jaipur area of Rajasthan

  3. It depends on 3rd parties for most of the manufacturing.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Motisons Jewellers Ltd IPO FAQs

When will Motisons Jewellers Limited's IPO allotment be available?

The Motisons Jewellers Limited’s shares will be allotted on December 21, 2023.

What will be Motisons Jewellers Limited's IPO lot size?

The minimum lot size is 250 Shares.


When will Motisons Jewellers Limited's IPO open for subscription?

The IPO subscription window for Motisons Jewellers Limited will open on December 18, 2023.

When will Motisons Jewellers Limited list on exchanges?

Motisons Jewellers Limited will be listed on BSE and NSE. The stock will be listed on December 26, 2023.

What would the listing gain on the Motisons Jewellers Limited IPO be?

Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange.

I have finished the application process for the Motisons Jewellers Limited IPO, but the funds are not yet debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How to approve the UPI mandate request for Motisons Jewellers Limited IPO?

You must complete the bidding process by logging in to your UPI handle to approve the payment mandate.

Can I submit more than one application for the public issue of Motisons Jewellers Limited using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for the Motisons Jewellers Limited IPO?

Will be updated soon.