Motisons Jewellers IPO subscribed 51.50 times on Day 2

The Initial Public Offering of Motisons Jewellers Limited was subscribed 51.50 times on the second day of bidding.

The issue received bids of 1,07,48,52,750 shares against the offered 2,08,71,000 equity shares, at a price band of ₹52-55, according to the data available on the stock exchanges.

Retail Portion was subscribed 64.60 times, Non-Institutional Investors Portion was subscribed 69.68 times, whereas Qualified Institutional Buyer Portion was subscribed 0.66 times. The issue kicked off for subscription on Monday, December 18, 2023 and will close on Wednesday, December 20, 2023.

A day prior to the opening of the issue, Motisons Jewellers Ltd had raised Rs 36.3 crores from anchor investors. Domestic Institutions who participated in the anchor were Meru Investment Fund PCC-Cell and Zinnia Global Fund PCC-Cell Dewcap Fund.

Holani Consultants Private Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the offer.

Source : Equity Bulls

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