Motisons Jewellers IPO GMP soars 200% gain before closing. The Motisons Jewellers IPO is to debut on 18 December 2023. The company is performing outstanding before its IPO launch. There is a high chance that the company will be performing well after listing. However, there are said to be chances that the IPO gets fully subscribed on the first day. The high price describes high demand. We will share details about the IPO GMP increase in the article below. The current price of Motisons Jewellers GMP is Rs. 106. Let us explore more about Motisons Jewellers IPO GMP below.
Motisons Jewellers IPO GMP Soars 200% Expecting Listing Price at ₹170
The company has seen a 200% jump in Motisons Jewellers IPO GMP before the closing date. The shares have reached the double price of the IPO price. Motisons Jewellers will raise 151 crores. The investors will get 250 shares in one lot. We have discussed more about Motisons Jewellers GMP price below. The sudden spike in GMP leads to the current GMP price being Rs. 106. There have been estimations that the price will touch Rs. 110 in two days. However, we will update you more about the GMP’s upcoming price soon. The company has been performing well in profitability as well.
Motisons Jewellers IPO Grey Market Premium Today
Motisons Jewellers will open IPO on 18 December 2023 and close on 20 December 2023. The allotment of shares will take place on 21 December 2023. The company will initiate refunds on 22 December 2023. The company will list on 26 December 2023. There will be 66,00,000 shares offered to the public. The retail will have a minimum of 1 lot with 250 shares and a maximum of 14 lots. HNI will have a minimum of 15 lots and a maximum of 72 lots.
The company was formed in October 1997. They deal in several types of products starting from pearls to platinum. Motisons Jewellers operates from Mumbai. It will be interesting to see the upcoming performance of GMP and IPO in the share market. We hope you get enough details about Motisons Jewellers IPO and GMP price today.