Motisons Jewellers Limited IPO

Motisons Jewellers Limited, established in October 1997, sells gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.

The company offers a wide range of products including traditional, modern and combination designs in various jewellery lines. These products are suitable for special occasions such as weddings and celebrations as well as for everyday use, for all ages and genders and in different price ranges.

The company offers a wide range of jewellery products with over 300,000 designs in gold, diamonds and other materials at different price points.

Motisons Jewellers’ flagship store, Motisons Tower, is located in Jaipur, Rajasthan, and offers silver, gold and diamond jewellery across three floors. The latest branch, which opened in 2021, is located in the affluent Vaishali Nagar neighbourhood in the southwestern part of Jaipur, Rajasthan.

Competitive strengths:-

  • The company’s showrooms are strategically located and the product portfolio is diversified by price range and category.
  • The company has a heritage and experience of over two decades and has efficient risk mitigation systems and procedures in place.
 

Motisons Jewellers Limited Financial Information (Restated)

Motisons Jewellers Limited’s revenue increased by 16.64% and profit after tax (PAT) rose by 50.51% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets348.13336.51306.53275.42
Revenue86.76366.81314.47213.06
Profit After Tax5.4822.2014.759.67
Net Worth142.81137.40115.45100.96
Reserves and Surplus    
Total Borrowing166.03164.54151.60141.43
Amount in ₹ Crore

Objects of the Issue (Motisons Jewellers IPO Objectives)

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
 
Repayment of existing borrowings availed by the company from scheduled commercial banks.
•Funding the working capital requirements of the Company and
•General corporate purposes.

Motisons Jewellers IPO Timeline (Tentative Schedule)

Motisons Jewellers IPO opens on December 18, 2023, and closes on December 20, 2023.

IPO Open DateMonday, December 18, 2023
IPO Close DateWednesday, December 20, 2023
Basis of AllotmentThursday, December 21, 2023
Initiation of RefundsFriday, December 22, 2023
Credit of Shares to DematFriday, December 22, 2023
Listing DateTuesday, December 26, 2023
Cut-off time for UPI mandate confirmation5 PM on December 20, 2023

SHARIAH SCREENING for -Motisons Jewellers Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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