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.
The grey market investors also seem to be bullish on the jewellery retailer as they have given a premium in the range of 100-140 percent over the issue price of Rs 55 per share, analysts on anonymity said.