About the Company:
Motisons Jewellers Limited, established in October 1997, is a distinguished jewelry brand renowned for its diverse offerings, including gold, diamond, kundan, pearls, silver, platinum, and more. The flagship store in Jaipur, Rajasthan, and a recent addition in Vaishali Nagar showcase over 300,000 designs for various tastes and occasions.
Product Range: Motisons Jewellers offers a broad spectrum of designs, suitable for weddings, celebrations, and everyday wear. With options for all age groups and genders, their collection spans different price points.
Store Locations: The strategically positioned showrooms, including the flagship Motisons Tower in Jaipur and a new branch in Vaishali Nagar, underline the company's commitment to diverse customer needs.
Competitive Strengths:
- Strategic Locations: Well-placed showrooms for enhanced accessibility.
- Diversified Portfolio: Extensive product range at various price points.
- Heritage and Experience: Over two decades of industry presence.
- Risk Mitigation: Efficient systems and procedures in place.
Motisons Jewellers IPO Objectives:
- Repayment of Borrowings: Clearing existing debts from scheduled commercial banks.
- Working Capital: Funding the company's working capital requirements.
- General Corporate Purposes: Utilizing funds for overall business needs.
Promoter Shareholding:
Sandeep Chhabra, Sanjay Chhabra, Namita Chhabra, Kajal Chhabra, Moti Lal Sandeep Chhabra HUF, Sandeep Chhabra HUF, Sanjay Chhabra HUF, Motisons Global Private Ltd and Motisons Entertainment (India) Private Ltd are the promoters of the company. The promoters and promoter group currently hold a pre-issue shareholding stake of 91.54% in the company.
Summary of Financial Information:
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 348.13 | 336.51 | 306.53 | 275.42 |
| Revenue | 86.76 | 366.81 | 314.47 | 213.06 |
| Profit After Tax | 5.48 | 22.20 | 14.75 | 9.67 |
| Net Worth | 142.81 | 137.40 | 115.45 | 100.96 |
| Total Borrowing | 166.03 | 164.54 | 151.60 | 141.43 |
Key Performance Indicators:
| KPI | Values |
| P/E (x) | 17.59 |
| Post P/E (x) | 24.39 |
| Market Cap (Rs. Cr.) | 541.45 |
| ROE | 17.56% |
| ROCE | 30.04% |
| Debt/Equity | 3.32 |
| EPS (Rs) | 3.42 |
| RoNW | 16.15% |
Comparison with Peers:
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
| Motisons Jewellers Limited | 3.42 | 3.42 | 21.15 | 17.59 | 16.15 | 2.60 |
| Goldiam International Limited | 5.22 | 5.22 | 24.98 | 27.55 | 20.9 | 5.13 |
| DP Abhushan Limited | 20.33 | 20.33 | 81.36 | 29.09 | 25.03 | 3.81 |
| Thangamayil Jewellery Limited | 58.13 | 58.13 | 283.37 | 24.08 | 20.51 | 3.55 |
| Renaissance Global Limited | 2.13 | 2.11 | 57.73 | 48 | 3.68 | 1.44 |
Key IPO Details:
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | December 26, 2023 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 52 to Rs. 55 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 27,471,000 shares (aggregating up to Rs. 151.09 Cr) |
| Fresh Issue | 27,471,000 shares (aggregating up to Rs. 151.09 Cr) |
| GMP | Rs. 106 (192.73%) [Only for information purpose] |
Note: For additional information & risk factors please refer to the Red Herring Prospectus
Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
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