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Another company’s IPO is about to open to invest money. This company is Motisons Jewellers. Even before the IPO opens, the shares of Motisons Jewelers are buzzing in the gray market. The company’s IPO is scheduled to open on 18th December and will remain open till 20th December. At the same time, in the gray market, shares of Motisons Jewelers are currently trading at a premium of around 110 per cent.
Shares may list around Rs 115
Motisons Jewelers IPO price band Rs. 52-55 are. At the same time, the company’s shares are currently trading in the gray market at Rs. 60 are being traded at a premium. Shares of the company can be listed around Rs 115 on the upper price band of Rs 55. That is, investors who will be allotted shares of the company in the IPO can expect a profit of around 110% on the day of listing.
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The company’s shares may be listed on December 26
Allotment of shares in Motisons Jewellers’ IPO may be finalized on December 21, 2023. At the same time, the company’s shares may be listed on December 26. Shares of Motisons Jewellers Bombay Stock Exchange And National Stock Exchange Both platforms will be listed. Retail investors can bid for a minimum of 1 lot and a maximum of 14 lots in a company’s IPO. One lot of the company’s IPO consists of 250 shares. That means retail investors have to invest at least 13750 rupees. Motisons Jewelers was established in October 1997. The company sells gold, diamond and kundan jewellery. Apart from this, the company also sells pearl, silver and platinum jewellery.
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