The Motisons Jewellers IPO Allotment was a pivotal event in the financial market, raising ₹151.09 crores through a book-built issue of 2.75 crore fresh shares. Let’s delve into the specifics of this IPO, from its bidding period to the listing of shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 26, 2023.
Understanding the Motisons Jewellers IPO Allotment
The Motisons Jewellers IPO Allotment aimed to raise capital by offering new shares to the public. The bidding window opened on December 18, 2023, and closed on December 20, 2023. On December 21, 2023, the allotment was finalized, paving the way for the listing of shares on both the BSE and the NSE.
Key Details of the Motisons Jewellers IPO Allotment
Price Range: The price band for the IPO was set at ₹52 to ₹55 per share, with a minimum lot size of 250 shares. This meant that retail investors needed a minimum investment of ₹13,750 to participate in the IPO.
Investor Categories: Various investor categories were eligible to participate, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. Anchor investors raised ₹36.30 crore before the IPO to provide stability and confidence.
Number of Shares Offered: A total of 25,829,700 shares were offered in the IPO, with different lot sizes for retail and institutional investors.
Investor Breakdown for the Motisons Jewellers IPO Allotment
- Qualified Institutional Buyers (QIBs): 21.27% of the shares were reserved for QIBs.
- Non-Institutional Investors (NIIs): 15.95% of the shares were allocated to NIIs.
- Retail Individual Investors (RIIs): 37.22% of the shares were reserved for retail investors.
- Anchor Investors: 25.55% of the shares were allocated to anchor investors.
Anchor Investor Lock-in Periods Of Motisons Jewellers IPO Allotment
Anchor investors had specific lock-in periods for their shares:
- 50% of anchor investor shares had a lock-in period of 30 days, ending on January 20, 2024.
- The remaining 50% had a lock-in period of 90 days, ending on March 20, 2024.
How to Apply for the Motisons Jewellers IPO Allotment
Investors could apply for the IPO through their brokers or financial institutions. Retail investors could apply for a minimum of 250 shares, requiring a minimum investment of ₹13,750.
Conclusion: Should You Invest in the Motisons Jewellers IPO Allotment?
The Motisons Jewellers IPO Allotment offered investors an opportunity to invest in a well-established company with potential for growth. With its successful listing on the BSE and NSE, the IPO attracted a wide range of investors looking to diversify their portfolios and capitalize on the potential returns offered by Motisons Jewellers.
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