Motisons Jewellers IPO Takes Flight: Here's What You Need to Know

 

Motisons Jewellers' much-anticipated public offering (IPO) has officially landed! Launched today, Monday, December 18th, it's open for grabs until Wednesday, December 20th. But before you dive in, let's unpack some key details:

Early Buzz: 

Just yesterday, the company secured a cool ₹36.3 crore from only two anchor investors, indicating some initial interest. They bagged 6.6 million shares at ₹55 apiece, with interestingly, no funds involved.

Targeted Takeoff: 

Motisons aims to raise a total of ₹151.09 crore by offering 2.74 crore fresh shares - all at the top price band. So, get ready for some potential sparkle!

The Big Picture:

This IPO is solely a fresh issue offering, meaning no secondary market shares are involved. The short window suggests a focused and streamlined fundraising process.

The limited anchor investor participation might raise some eyebrows, but could also indicate a reliance on retail investors.

Stay Tuned:
With the IPO just taking off, keep your eyes peeled for updates on share allotment and market performance. Motisons Jewellers is making its debut, and it'll be interesting to see how investors respond.

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