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

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

| @indiablooms | 12 Dec 2023, 05:28 pm

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. 

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.

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