| Market Capitalization | ₹1,184.31 CrMid-cap |
|---|---|
| Floor Price | ₹11.58Per Equity Share |
| Revenue TTM | ₹489.54 CrLTM Performance |
| PE TTM | 18.59Sector PE: 52.6 |
Key highlights
- QIP issue opened on June 9, 2026, following shareholder approval via postal ballot on April 25, 2026
- Floor price fixed at ₹11.58 per share based on the SEBI ICDR pricing formula
- Company reserves the right to offer a discretionary discount of up to 5% on the calculated floor price
- Trading window for designated persons remains closed until 48 hours after the final price determination
- Preliminary placement document and application forms were adopted for distribution to qualified institutional buyers
What Is the Fund Raise?
The current capital raising exercise is being conducted through a Qualified Institutions Placement (QIP), a mechanism that allows listed companies to issue equity shares to institutional investors. This follows a prior board resolution on March 6, 2026, which authorized the company to raise up to ₹350 crore in one or more tranches. The relevant date for the pricing of this specific issue has been set as June 9, 2026, with the floor price established at ₹11.58 per share.
The company has engaged Aryaman Financial Services Limited as the lead manager for the transaction.
Strategic Rationale and Use of Proceeds
- Strengthening the balance sheet by reducing dependency on high-interest unsecured loans
- Enhancing working capital reserves to increase inventory levels across flagship showrooms
- Supporting general corporate purposes and operational expenses related to the fundraise
- Providing financial flexibility to pursue potential retail footprint expansion in the Rajasthan region
Business Overview
Motisons Jewellers is a prominent Jaipur-based retailer specializing in a wide array of gold, diamond, and kundan jewellery. The company operates four flagship showrooms in Jaipur, including its landmark Lotus-inspired outlet in Vaishali Nagar and the central Motisons Tower on Tonk Road. Since its listing in late 2023, the company has focused on a retail-heavy model, outsourcing the majority of its manufacturing to third-party vendors while maintaining an in-house unit for specialized customization.
Its product portfolio features over 300,000 designs catering to wedding, festive, and daily wear segments.
Financial and Industry Context
The QIP comes at a time when Motisons has demonstrated internal financial resilience, recently redeeming ₹5 crore of preference shares using accumulated profits. For the financial year 2026, the company reported a net profit of ₹63.71 crore on a revenue of ₹489.54 crore. Within the Indian gems and jewellery sector, retailers are increasingly turning to institutional placements to manage the high working capital requirements inherent in precious metal inventory management.
With a debt-to-equity profile supported by high promoter holding of 64.86%, the QIP aims to further optimize the capital structure.
| Share price | ₹12.03 |
|---|---|
| Market capitalisation | ₹1,184.31 Cr |
| Revenue (annual) | ₹489.54 Cr |
| Net profit (annual) | ₹63.71 Cr |
| Revenue (latest quarter) | ₹137.47 Cr-21.25% vs previous quarter |
| Net profit (latest quarter) | ₹8.30 Cr-68.00% vs previous quarter |
| P/E (TTM) | 18.59×Sector 52.6× |
| Promoter holding | 64.86%-0.87% QoQ |
| FII holding | 2.03%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Motisons Jewellers Limited announcing the opening and floor price determination for its Qualified Institutions Placement. Market figures from a third-party data provider.
