The highly anticipated IPO of Motisons Jewellers has closed with a massive 159.61 times subscription, indicating huge demand from investors.
With the share allotment now finalized, investors are eager to find out if they have received allotment and how to check their IPO status. The estimated grey market premium of 85% signals a strong listing slated for December 26.
Allotment Finalized for the Oversubscribed Motisons IPO
Motisons Jewellers’ maiden public issue worth ₹100 crore opened on December 18 and closed on December 20 after witnessing exceptional demand across all categories. Out of the 1.81 crore shares offered, the issue has been subscribed a staggering 159.61 times, led by huge interest from QIBs.
The Bombay Stock Exchange has now confirmed and finalized the basis of allotment for the Motisons IPO on Friday, December 22. Investors who applied for the shares can proceed to check their allotment status by following the simple steps outlined ahead.
According to market observers, the massive oversubscription and high grey market premium indicates a bumper listing of Motisons Jewellers shares on December 26. The indicative premium of 85% pegs the listing price around ₹140, which is a 154% upside over the upper price band of ₹55 per share.
Check Your Motisons Jewellers IPO Allotment Status Now
If you have applied for shares in the highly popular Motisons IPO, here is a step-by-step guide on checking the status to find out if you have received allotment and how many shares:
Method 1: Via the Registrar’s Website
- Visit Link Intime India’s website: https://linkintime.co.in/MIPO/Ipoallotment.html
- Select ‘Motisons Jewellers IPO’ from the dropdown list
- Choose your preferred method – Application No, Demat Account, or PAN
- Select ASBA or Non-ASBA as application type
- Enter details, submit captcha and click ‘Submit’
Method 2: Via BSE Website
- Go to https://www.bseindia.com/investors/appli_check.aspx
- Choose ‘Equity’ as issue type and ‘Motisons Jewellers’ as issue name
- Input PAN or Application No. and submit
Method 3: Via NSE Website
- Go to https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Register using your PAN and check allotment status
Motisons IPO Grey Market Premium at 85% Ahead of Listing
The Motisons Jewellers IPO has been receiving exceptional response in the unofficial grey market as well ahead of the listing. Market observers have pegged the grey market premium at 85% in the last few sessions.
This means Motisons shares were trading at ₹85 premium over the IPO price in the grey market, taking the expected listing price to around ₹140.
The high grey market interest indicates that investors can expect strong listing gains on Tuesday when Motisons Jewellers shares get listed on BSE and NSE. Considering the bumper subscription figures and premium sentiment, market analysts estimate the listing around ₹130-145, delivering robust returns for allottees.
The financial performance and growth plans make Motisons Jewellers a hot IPO pick, while global expansion plans have evoked interest amongst investors. The brand reputation and industry tailwinds provide further comfort regarding wealth creation opportunities from the listing.
So allottees should gear up for an eventful week ahead with Motisons shares ready for a grand market debut on December 26 after the stellar IPO. Check your allotment status now and brace to ride the listing gains next week!