Read on the application
Motisons Jewelers IPO Listing: Motisons Jewelers has made a strong entry in the stock market. The shares of the company are listed in the market at Rs 109. In the IPO, shares of Motison Jewelers were priced at Rs. 55 were purchased. The company’s shares are listed on the National Stock Exchange at a premium of over 98 percent to its issue price. At the same time, shares of Motisons Jewelers traded at a premium of around 89 per cent to Rs. 103.90 is listed on the Bombay Stock Exchange.
The shares fell after the listing
Shares of Motisons Jewelers have fallen just after the brilliant listing. Company shares National Stock Exchange With a decline of 5% it was Rs. 103.55 has been reached. At the same time, shares of Motisons Jewelers are trading at Rs 100, down over 3 percent on the Bombay Stock Exchange. Investors who have been allotted shares of Motisons Jewelers in the IPO received around Rs.1 per share on the first day. 54 has made a profit. Motisons Jewellers’ total public issue size is Rs. 151.09 crores. Before the IPO, the promoters’ stake in the company was 91.60 per cent, which has now come down to 66 per cent.
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The IPO was subscribed more than 173 times
The total bets on Motisons Jewellers’ IPO were 173.23 times. Retail investors subscribed 135.60 times the quota in the company’s IPO. At the same time, Non-Institutional Investors (NII) quota was subscribed 311.99 times. While in the Qualified Institutional Buyers (QIB) category, 135.01 times the stake was placed. In a company’s IPO, retail investors can apply for a minimum of 1 lot and a maximum of 14 lots. That is, retail investors had to invest a minimum of Rs 13750 in the company’s IPO.
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