What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Motisons Jewellers Limited IPO allotment date?

The basis of allotment for Motisons Jewellers Limited IPO is scheduled to be finalized on 22 Dec 2023.

Where can I check Motisons Jewellers Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 23 Dec 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Motisons Jewellers Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Motisons Jewellers Limited, incorporated in October 1997, is a jewellery company offering gold, diamond, kundan, pearls, silver, platinum and other metal jewellery. The company provides a huge variety of jewellery designs ranging from traditional to modern styles, suitable for weddings, festivals, special occasions and daily wear, catering to all age groups and budgets. With more than 3,00,000 designs across gold, diamond and other materials, the brand has built a strong presence in Jaipur. Its main showroom, Motisons Tower, has three floors dedicated to silver, gold and diamond jewellery and the company opened another premium outlet in Vaishali Nagar, Jaipur in 2021.

Price Band

₹52 – ₹55

Issue Size

₹151 Cr

Lot Size

250 shares

GMP

₹72

+130.9%

Est. Listing

₹127

at current GMP

Subscribed

168.81x

overall

Open

18 Dec 2023

20 Dec 2023

Allotment

22 Dec 2023

Refund

23 Dec 2023

Demat Credit

24 Dec 2023

Listing

26 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Motisons Jewellers Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

22 Dec 2023

Basis finalization

Refunds Initiate

23 Dec 2023

Mandate release

Demat Credit

24 Dec 2023

Shares in demat

Listing Debut

26 Dec 2023

Trading begins

About Motisons Jewellers Limited Public Issue & Market Profile

Motisons Jewellers Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹151.09 Crores. The shares are offered at a price band of ₹52 to ₹55 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-12-20, the basis of allotment is scheduled to be finalized on 2023-12-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.