Motisons Jewelers IPO: Motisons Jewelers recently launched its IPO on December 18, 2023, which ended on December 20, 2023. The company aimed to raise ₹151 crore through this offering. During the IPO, the price range set for each share was between ₹52 to ₹55.
Investors who applied for shares were then allotted them on December 21, 2023. This means they were informed about how many shares they would receive based on their application.
Today, on December 26, 2023, Motisons Jewelers’ initial public offering (IPO) will be placed on the National Stock Exchange and the Bombay Stock Exchange.
With the listing, every investor has their eyes set on the IPO’s Gray Market Premium. Investors can use the gray market premium to estimate whether they will win or lose from this IPO’s listing.
What is Grey Market Premium
The gray market is the unofficial market where shares of initial public offerings (IPOs) are bought and sold prior to their listing on major stock exchanges such as the BSE and NSE.
In this instance, shares are bought and sold through an over-the-counter market mechanism thus, there is no affiliation with a stock exchange.
An initial public offering’s price on the gray market and on a stock exchange may differ. An IPO’s likelihood of making money after listing is determined by the gray market premium.
Motisons Jewellers IPO Grey Market Premium Today
According to market analysts, Motisons Jewelers’ IPO GMP (Grey Market Premium) is ₹55 as of today, December 25, 2023. GMP on Friday stood at ₹89.
This indicates that today’s market premium for the Motisons Jewelers IPO has decreased by ₹34. Investors have reacted well to the IPO.
Additionally, 173.03 subscriptions in all categories have been made to the IPO. The present stock market decline has resulted in a decrease in the gray market premium. As a result, investors’ confidence appears to be declining.
The IPO for Motisons Jewelers has received 173.03 subscriptions across all categories combined. The Qualified Institutional Buyers, or QIBs, have responded incredibly well to this initial public offering.
In this category, there have been 135.01 subscriptions to this IPO. Large mutual fund companies, pension funds, insurance providers, banks, etc. are included in the QIB category.
311.93 subscribers were in the NII (Non-Institutional Investors) group. The acronyms NII, NRI, and HUF (Hindu Undivided Family, Trust, Society) represent many concepts.
Those who submit over two lakh share applications. What’s left are regular people like us, or retail investors, and 135.22 people have subscribed to Azad Engineering’s first public offering (IPO).