Motisons Jewellers share price: Shares of Motisons Jewellers made a strong debut on Tuesday, with the jewelery maker closing on the NSE at Rs. 109 listed at its issue price of Rs. 98 percent premium over 55. The scrip rose 89 percent to open at Rs 103.90 on the BSE. Listing gains came in below gray market expectations: 125-130 percent listing pop.
Motisons Jewellers share price
Motisons Jewelers stock made its debut in shares today. The share price of Motisons Jewelers today is listed at ₹109 per share, 98.18% higher than the issue price of ₹55. On the BSE, shares of Motisons Jewelers were listed at ₹103.90 each.
Motisons Jewelers launched its IPO at Rs. 52-55 was sold, with a lot volume of 250 shares. The IPO ran from December 18 to December 20. The jeweler has raised from its initial offering Rs. raised over 151 crores, including sale of 2,74,71,000 fresh shares.
The issue was subscribed 159.61 times as the qualified institutional bidders (QIBs) portion was booked 157.40 times and for non-institutional investors 233.91 times. The quota of retail investors was subscribed 122.28 times during the three-day bidding process.
Motisons Jewellers, established in October 1997, specializes in the sale of gold, diamond and kundan jewelery along with a diverse range of other jewelery products. The company offers a wide range of products including traditional, modern and fusion designs in various jewelery categories. Its flagship store, Motison’s Tower, is located in Jaipur, Rajasthan.
Holani Consultants acted as the sole book running lead manager for the Motisons Jewelers IPO, with Link Intime acting as the registrar for the India issue.
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