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Motisons Jewellers IPO Sparks Investor Frenzy with Projected 192% Return – Grey Market Buzz & Financial Insights

Motisons Jewellers Limited: Investors in the grey market are trailing like enthusiasts. The company has come up with an IPO for listing on the stock market. Grey market investors believe that the company has declared a relatively low price for its IPO. Therefore, anyone subscribing to this IPO may receive a return of more than 192% on the listing day.

Motisons Jewellers IPO GMP Trend

Specialists in the Indian stock market’s grey market were scrutinizing the company’s documents from December 4. By December 10, they had enough confidence that the company could make a significant move after collecting ₹151 crores from investors in the stock market.

Before the announcement of the IPO price on December 11, the company had already declared a ₹60 premium.

On December 12, the company announced its IPO price at a maximum of ₹55, but there was no change in the premium in the grey market. With a premium of ₹60 on a ₹55 share, there is a potential return of about 110%.

On December 13, the company became a celebrity in the stock market even before the IPO opened. A premium of ₹100 was declared in the grey market.

The craze didn’t stop there. On December 15, a premium of ₹105, and on December 16, a premium of ₹106 was announced.

Motisons Jewellers – Estimated Profit of ₹106 on a ₹55 Share in 9 Days

Sandeep and Sanjay Chhabda from Jaipur, Rajasthan, want to sell shares of their company, Motisons Jewellers Limited, at a price of ₹52 to ₹55. While they have valued their company with careful consideration, experts in the grey market believe that the estimated listing price of Motisons Jewellers’ shares in the stock market will be ₹161. This means that anyone successfully subscribing to Motisons Jewellers Limited’s IPO on December 18 could receive a return of approximately 192% on the listing date, around December 26.

About Motisons Jewellers Limited

The company was established in 1997. Mr. Sandeep Chhabda, Mr. Sanjay Chhabda, Mrs. Namita Chhabda, and Mrs. Kajal Chhabda are the promoters of the company. The registered office of the company is in Jaipur, Rajasthan. Motisons Jewellers Limited deals in jewelry made of gold, diamonds, and Kundan, besides pearls, silver, and platinum. The promoters claim to create jewelry for every occasion and age group, backed by 20 years of experience.

Motisons Jewellers Limited Financial Information

The above figures are for financial year-end closing dates of March 31, 2021, and March 31, 2022. The figures for March 31, 2023, have not been presented by the company.

Motisons Jewellers IPO Timeline issue open close listing date investment

The IPO will open on December 18 and close on December 20.

Allotment will be on December 21, and refunds will be processed on December 22.

Shares will be credited to the demat account on December 22.

The listing date in BSE, NSE stock markets is set for December 26.

Price band: ₹52 to ₹55 per share

Lot size: 250 shares

Minimum investment: ₹13,750

Maximum investment: ₹192,500

Disclaimer:

Before making any investment decisions, please consult your financial advisor and always remember that when you invest in the stock market, all the risks are solely yours.

Also Read: Trident Techlabs IPO Buzz: Unveiling Potential 128% Profits In Grey Market

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