Motisons Jewellers IPO Allotment Status Declared: Here's How to Check

22 Dec 2023 , 10:52 AM

The share allotment status for Motisons Jewellers IPO has been finalized on December 21. Investors who have applied for the IPO can check their allotment status through the BSE website or the registrar’s website, Link Intime India. Investors need to provide the application number and PAN details to check the allotment status. Here are the key details:

1. Allotment Declaration Date: The share allotment status for Motisons Jewellers IPO was finalized on December 21.

2. Subscription Details: The Rs 151 crore IPO of the jewellery brand received a remarkable subscription of 159.6 times. The retail portion was subscribed 122.28 times, the NII portion by a massive 233.91 times, and the portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 157.4 times.

3. Utilization of Proceeds: Of the total proceeds from the issue, Motisons Jewellers plans to utilize Rs 58 crore for debt payment, Rs 71 crore for funding working capital requirements, and a portion for general corporate purposes.