The allotment of shares for the Initial Public Offering (IPO) of Jaipur-based Motisons Jewellers Limited will be announced on Thursday, 21st December 2023, according to the company’s RHP document filed with SEBI. Link Intime India Pvt Ltd is the registrar of Motisons Jewellers IPO and will upload the basis of allotment of shares on its website. The investors who have booked the shares of Motisons Jewellers IPO can check the allotment status by visiting the registrar Link Intime’s website on said date.
The shares if the Motisons Jewellers Limited were subscribed a total of 173.23 times. The retail portion was subscribed 135.60 times, NIIs portion 311.99 times and QIBs portion was subscribed 135.01 times. Overall, the Rs 151.09 crore IPO received bids worth over Rs 18,321 crore, becoming one of the most subscribed mainboard IPOs this year.
Motisons Jewellers IPO allotment date and time
- The basis of allotment will be finalised on 21st December 2023. The investors are likely to be able to check the allotment status by night or early morning of next day as per the recent trends.
- Following the allotment, the initiation of refunds to the unsuccessful bidders be done on 22nd December. The successful investors will receive the shares in their Demat accounts on 22nd December 2023.
- The company has set the BSE/NSE listing date on next Tuesday, on 26th December 2023.
How to check the allotment status
Investors can check the allotment status of their shares of the Motisons Jewellers IPO by following the steps mentioned below.
- Visit the website of the registrar Link Intime
- Select company name ‘Motisons Jewellers Limited’ from the list
- Enter any one of the PAN, Application number of DP Client ID details
- Submit the request
- The allotment status will be displayed on the screen.
Links to check Motisons Jewellers IPO allotment status
- To check allotment status on IPO Registrar Link Intime website- click here
- To check status on BSE website- click here
Analysts observe that the sheer subscription numbers for the IPO of Motisons Jewellers are in line with the rally in the market with most recent IPOs receiving a positive response. The positive response is not just limited to the subscription figures but reflects in the listing too. December has been the busiest month for mainline IPOs in 2023 with 11 such offerings in the month, not counting the SME IPOs.
The company proposes that the net proceeds from the issue will go towards repayment of existing borrowings and funding the working capital requirements along with the general corporate expenses. The company clocked a net revenue of Rs 336.51 crore in FY23 with a PAT of Rs 22.20 crore.
