Motisons Jewellers share price: The Rs 151-crore IPO received 47.44 lakh applications, making it the third highest in the number of applications received in an IPO ever after Tata Tech which received 75 lakh and LIC with 50 lakh applications. The public issue of Ahmedabad-based jewellers was subscribed 159.61 times.
Motisons Jewellers listing price: Shares of Motisons Jewellers listed on the National Stock Exchange at Rs 109 apiece, a premium of 98.18 per cent over the initial public offering's (IPO) upper price band of Rs 55. , Markets News, Times Now
Motisons Jewellers is a hyperlocal jewellery retail chain, headquartered in Jaipur with 4 showrooms. The company primarily sources finished jewellery from third-party suppliers across India and its business involves the sale of jewellery made of gold, diamond, kundan etc.