Motisons Jewellers IPO
Motisons Jewellers Limited (MOTISONS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +81.5% (likely range +17% to +105%), day's high +85.8%, chance of a gain 97%. Actual: +98.2% at the open, +99.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 47,12,750 | 74,17,94,250 | 157x | |
| NII (HNI) total | 54,96,000 | 1,28,55,93,250 | 234x | |
| Big NII (above ₹10 lakh) | 36,64,000 | 75,23,07,750 | 205x | |
| Small NII (₹2-10 lakh) | 18,32,000 | 53,32,85,500 | 291x | |
| Retail | 1,06,62,250 | 1,30,38,20,250 | 122x | |
| Total | 2,08,71,000 | 3,33,12,07,750 | 160x |
Bids on NSE and BSE together, as published by NSE, as of 20 Dec 2023, 07:00 PM. Shares offered exclude the anchor portion. 35% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Motisons Jewellers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
| Astron Paper & Board MillsDec 2017 | 103x | 397x | 77.9x | 243x | ₹80.0 Cr | +130.0% | +141.5% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Holani Consultants | 4 | +60.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Motisons Jewellers IPO price band and lot size? ₹52.0–55.0 per share, with a lot of 250 shares, so the smallest retail bid is ₹13,750.
How many times has it been subscribed? 160x overall: QIB 157x, NII 234x, retail 122x.
How did it list? It opened at ₹109, +98.2% against the issue price of ₹55.0, and closed its first day +88.3%.
