Motisons Jewellers IPO: Key Details, Dates, Objectives, Risk
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Motisons Jewellers Limited is conducting an IPO from December 18, 2023, to December 12, 2023. Each share is priced in the range of ₹52 to ₹55 and has a face value of ₹10 per share. Investors can purchase a minimum of 250 shares for ₹13,750. The total value of this offering is ₹151.09 crores.
Key Details on Motisons Jewellers IPO
| IPO Date | December 18,2023 to December 20,2023 |
| Face Value | ₹10 per share |
| Price | ₹52 to ₹55 per share |
| Lot Size | 250 |
| Total Issue and IPO size (Fresh Issue) | 2,74,71,000 Equity Shares. Size: 151.09 crores |
| Listing at | BSE, NSE |
| Minimum Investment | Rs 13,750 |
What does Motisons Jewellers do?
- Motisons Jewellers is a hyperlocal jewelry retail chain in Jaipur which was incorporated in 1997.
- The company’s product portfolio consists of over 300,000+ jewelry designs in gold, diamond & other products across different price points.
- The company has 4 showrooms (inclusive of one flagship showroom).
Company’s Financials:
(In Rs Lakhs)
| Particulars | Year ended March 31st 2023 | Year ended March 31st 2022 | Growth (%) |
| Revenue from operations | 36619.61 | 31433.01 | 16.50 |
| Other income | 61.02 | 14.12 | 332.15 |
| Total Income | 36680.63 | 31447.13 | 16.64 |
| PAT | 2219.58 | 1474.72 | 50.51 |
Peer Analysis for Financial Year 2022 - 23
| Particulars | Motisons Jewellers Limited | Goldiam International Limited | DP Abhushan Limited | Thangamayil Jewellery Limited | Renaissance Global Limited |
| Revenue from Operations (₹ in Lakhs) | 36619.61 | 30344.78 | 197512 | 315255 | 135481.1 |
| Growth in Revenue from Operations (%) | 16.5 | -22.34 | 14.08 | 43.75 | -10.71 |
| EBITDA (₹ in Lakhs) | 4960.16 | 7197.21 | 7858.33 | 15625 | 5948.96 |
| Profit After Tax (₹ in Lakhs) | 2219.58 | 5687.58 | 4531.69 | 7974 | 2006.46 |
Overview of expenses
| Expenses | FY 2023 |
| Cost of Material Consumed | 9.64% |
| Purchase of Stock in Trade | 80.94% |
| Employee Benefit Expenses | 2.27% |
| Finance Costs | 4.75% |
| Depreciation and Amortization Expenses | 0.51% |
| Other Expenses | 1.89% |
Proceeds of the IPO will be used for
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding the working capital requirements of the company.
- General corporate purposes.
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