Motisons Jewellers IPO: Check subscription standing, GMP Today.
Unlisted shares of Motisons Jewellers are at the moment buying and selling Rs 104 larger within the gray market, which is a 189.09 per cent itemizing achieve from the general public concern
Motisons Jewellers IPO: The preliminary public providing of Jaipur-based retail jeweller firm Motisons Jewellers goes to open for public subscription on December 18. The Rs 151.09-crore IPO will conclude on December 20. Its gray market premium or GMP suggests a big curiosity from traders in direction of the IPO.
The value band of the Motisons Jewellers IPO has been fastened at Rs 52-Rs 55 per share.
The Motisons Jewellers IPO allotment will happen on Thursday, December 21, whereas its shares can be listed on Tuesday, December 26.
Motisons Jewellers has raised a bit of over Rs 36 crore from anchor traders days earlier than its maiden public concern.
Motisons Jewellers IPO GMP Today
According to market observers, unlisted shares of Motisons Jewellers are at the moment buying and selling Rs 104 larger within the gray market as in contrast with its concern value. The Rs 104 gray market premium or GMP means the gray market is anticipating a 189.09 per cent itemizing achieve from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem value.
Motisons Jewellers IPO Details
The Motisons Jewellers IPO is fully a recent concern of two.74 crore fairness shares with no Offer For Sale (OFS) element. The preliminary public providing (IPO) with a value band of Rs 52-55 a share will open on December 18 and conclude on December 20. At the higher finish of the worth band, the IPO will fetch Rs 151 crore.
The minimal lot dimension for an software is 250 shares. The minimal quantity of funding required by retail traders is Rs 13,750.
Motisons Jewellers has raised a bit of over Rs 36 crore from anchor traders days earlier than its maiden public concern. Motisons Jewellers has allotted 66 lakh fairness shares to 2 funds at Rs 55 apiece — the higher finish of the worth band.
Meru Investment Fund PCC-Cell 1 purchased 46 lakh fairness shares amounting to Rs 25.3 crore, and Zinnia Global Fund PCC-Cell Dewcap Fund bought 20 lakh shares valued at Rs 11 crore.
Together, they purchased shares value Rs 36.3 crore, information confirmed.
Proceeds from the problem can be used for debt cost, funding the working capital requirement of the corporate and a portion may even be used for basic company functions.
Holani Consultants is the e book-working lead supervisor for the problem. The fairness shares are proposed to be listed on the BSE and the NSE.
