Jaipur-based Motisons Jewellers, renowned for crafting exquisite gold, diamond, kundan, silver, platinum, and other metal jewelry, is poised to unveil the outcome of its initial public offering (IPO) allotment on Thursday, December 21.
Initiated on December 18 and concluded on December 20, the Motisons Jewellers IPO featured a price range of ₹52 to ₹55 per share. The overwhelming investor interest manifested in a robust subscription rate, with the IPO being oversubscribed 159.21 times on the closing day. This translated to bids for 332.29 crore equity shares against the available 2.09 crore shares. Impressively, the qualified institutional buyer segment saw a subscription of 157.40 times, while non-institutional investors exhibited substantial interest at 233.80 times. Additionally, retail investors participated fervently, driving a subscription rate of 121.56 times.
In the unofficial market, the shares of Motisons Jewellers are currently commanding a grey market premium (GMP) of ₹100 per share. GMP represents the premium at which IPO shares trade unofficially before their official listing on stock exchanges.
For those awaiting allotment details, the application status can be conveniently checked, displaying both the applied and allotted shares. The Motisons Jewellers IPO allotment status is accessible on the BSE and NSE websites.
Marking a significant milestone, the shares of Motisons Jewellers are scheduled to be listed on stock exchanges on December 22. Investors and enthusiasts alike eagerly anticipate the company’s debut on the trading floor.
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