Motisons Jewellers Ltd. has announced public offering of 27471000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 15,109.05 lakhs.

The company's initial public offer (IPO) will open on 18 December 2023 and is expected to close on 20 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 52.00-55.00 per share.

The IPO includes a fresh Issue of 27471000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 250 shares with bids in multiples of 250.

Motisons Jewellers Ltd. anticipates using the proceeds of the issue for .

Holani Consultants Private Limited as lead manager & Link intime India Pvt Ltd. is the registrar, to the issue.