Motisons Jewellers IPO: Here’s What You Need to Know Before Subscribing the Issue
With just a 2.74 crore equity share new issue component, the Chhabra family-owned jewellery business hopes to raise a total of 151.09 crore through its initial public offering at the highest price range.
The initial public offering (IPO) of Motisons Jewellers opened today, Monday, December 18, and will end on Wednesday, December 20. Just one day before the start of the public sale on December 15, the business received ₹36.3 crore from anchor investors. Just two investors participated in the anchor book. Anchor investors would get 6.6 million equity shares at a price of Rs 55 per share, the business has revealed. Notably, no shares were allocated to funds from the entire amount given to anchor investors. With just a 2.74 crore equity share new issue component, the Chhabra family-owned jewellery business hopes to raise a total of 151.09 crore through its initial public offering at the highest price range. Tata Technologies IPO To Open for Subscription on November 22.
Motisons Jewellers IPO Opens Today
#Motisons Jewellers #IPO day 1 subscription: Issue subscribed fully within minutes of openinghttps://t.co/c2PDRO2z0M
— Mint (@livemint) December 18, 2023
(The above story first appeared on LatestLY on Dec 18, 2023 04:42 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
