Motisons Jewellers Limited’s IPO to open on Monday, sets price band at Rs. 52 to Rs. 55 per Equity Share

Mumbai: Jaipur-based hyperlocal jewellery retail chain Motisons Jewellers focuses on offering designs, high quality, transparency and customer service to its customers, has fixed the price band at ₹52 to ₹55 per Equity Share for its maiden initial public offer. 

IBNS • 12 Dec 2023, 05:28 pm

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, December 18, 2023, for subscription and close on Wednesday, December 20, 2023. Investors can bid for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter.

The Public Issue of face value of ₹10 per Equity Share is entirely a fresh issue of up to 2,74,71,000 equity Shares with no Offer for Sale (OFS) component.

Motisons Jewellers is managed by second generation entrepreneurs, Sandeep Chhabra, Chairman & Whole Time Director and Sanjay Chhabra, Managing Director, sons of Late Moti Lal Chhabra, who have over two decades’ years of expertise in the jewellery industry.