Corporate Action11 Jun 2026, 10:51 pm
Motisons Jewellers Allots ₹150 Cr Equity to QIBs
AI Summary
Motisons Jewellers Limited announced the allotment of 13,57,46,600 equity shares of face value ₹1 each to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹11.05 per share. This private placement, which opened on June 9, 2026, and closed on June 11, 2026, aggregated ₹149.99 crore. The allotment was approved by the Board of Directors on June 11, 2026. This issuance increases the company's paid-up equity share capital from ₹100.17 crore to ₹113.75 crore, comprising 1,13,75,06,600 equity shares. The issue price represented a 4.57% discount to the floor price of ₹11.58.
Key Highlights
- Allotted 13.57 crore equity shares to QIBs.
- Raised ₹149.99 crore via Qualified Institutional Placement.
- Issue price was ₹11.05 per share, a 4.57% discount to floor price.
- Paid-up equity share capital increased to ₹113.75 crore.
- Top 6 QIBs received 80.33% of the allocated shares.
Price Impact
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