Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Jeweller Motison's Rs.151-Cr IPO subscribed 159.61 times
The initial share sale of Jaipur-based Motisons Jewellers to raise INR 151 crore was subscribed a total of 159.61 times. The issue fetched bids for 3,33,11,48,000 shares against 2,08,71,000 shares on offer at a price band of INR 52-55 apiece. The part meant for non-institutional investors got subscribed 233.91 times while the Qualified Institutional Buyers (QIBs) portion received 157.40 times subscription. The quota for Retail Individual Investors (RIIs) attracted 122.28 times subscription. The public issue was entirely a fresh issue with no Offer For Sale (OFS) component. The company had raised a little over INR 36 crore from anchor investors on December 15.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.