Motisons Jewellers IPO: Key Details, Dates, Objectives, Risk

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Motisons Jewellers IPO

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 DateDecember 18,2023 to December 20,2023
Face Value₹10 per share
Price₹52 to ₹55 per share
Lot Size250
Total Issue and IPO size (Fresh Issue)2,74,71,000 Equity Shares. Size: 151.09 crores
Listing atBSE, NSE
Minimum InvestmentRs 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 2023Year ended March 31st 2022Growth (%)
Revenue from operations36619.6131433.0116.50
Other income61.0214.12332.15
Total Income 36680.6331447.1316.64

Peer Analysis for Financial Year 2022 - 23

ParticularsMotisons Jewellers LimitedGoldiam International LimitedDP Abhushan LimitedThangamayil Jewellery LimitedRenaissance Global Limited
Revenue from Operations (₹ in Lakhs)36619.6130344.78197512315255135481.1
Growth in Revenue from Operations (%)16.5-22.3414.0843.75-10.71
EBITDA (₹ in Lakhs)4960.167197.217858.33156255948.96
Profit After Tax (₹ in Lakhs)2219.585687.584531.6979742006.46

Overview of expenses

Expenses                                                                      FY 2023
Cost of Material Consumed9.64%
Purchase of Stock in Trade80.94%
Employee Benefit Expenses2.27%
Finance Costs4.75%
Depreciation and Amortization Expenses0.51%
Other Expenses1.89%

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.