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Motisons Jewelers IPO Listing: People have invested heavily in Motisons Jewellers’ IPO. Bets have been placed on the company’s IPO more than 173 times. The shares of Motisons Jewelers are now going to be launched in the market on 26th December. The company’s shares are constantly maintaining their dominance in the gray market. Shares of Motisons Jewelers are currently trading at a premium of 120% in the gray market. In such a situation investors can become rich on the first day. The company’s shares will be listed on both the Bombay Stock Exchange and National Stock Exchange platforms.
The stock will cross Rs 120 on the very first day
Motisons Jewelers IPO price band Rs. was 52-55. Shares of the company in IPO Rs. 55 were allotted. At the same time, in the gray market, shares of Motisons Jewelers were trading at Rs. 66 are being traded at a premium. Shares of the company may be listed around Rs 121. Investors acquiring shares of the company in the IPO can expect a premium of 120% on the day of listing. Motisons Jewellers’ IPO was opened on December 18 and remains open till December 20, 2023. In an IPO, retail investors can apply for a minimum of 1 lot and a maximum of 14 lots.
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The IPO has been subscribed more than 173 times
Motisons Jewellers’ IPO has been subscribed a total of 173.23 times. Retail investors have subscribed 135.60 times the quota in the company’s IPO. At the same time, Non-Institutional Investors (NII) quota has been subscribed 311.99 times. While the quota of Qualified Institutional Buyers (QIB) has been subscribed 135.01 times. Motisons Jewelers was established in 1997. The company sells jewelery made of gold, diamonds and kundan. The flagship store of Motisons Jewelers is located in Motisons Tower, Jaipur, where silver, gold and diamond jewelery are available on all three floors.
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