Motisons Jewellers Limited Approves ₹11.58 Floor Price for Qualified Institutional Placement
Motisons Jewellers Limited has approved the launch of its Qualified Institutions Placement (QIP) for equity shares, setting the floor price at ₹11.58 per share. The placement allows the company to raise capital by inviting bids from qualified institutional buyers.The decision was made during a Board meeting held on June 9, 2026. Following this board approval, Motisons Jewellers Limited authorized the commencement of the Issue and adopted a preliminary placement document for sending to potential institutional subscribers. The shares have a face value of ₹1 each.
The company established June 9, 2026, as the Relevant Date for the QIP. The floor price of ₹11.58 per Equity Share was calculated based on the prescribed pricing formula. Under Regulation 176(1) of the SEBI ICDR Regulations, the Company holds the option to offer a discount of up to 5% on the determined Floor Price.
Details related to the equity share placement are as follows:
| Parameter | Detail |
|---|---|
| Face Value per Share | ₹1 |
| Approved Floor Price | ₹11.58 per Equity Share |
| Maximum Discount Option | 5% on Floor Price |
| Issue Commencement Date | June 9, 2026 |
In relation to the placement, Motisons Jewellers Limited has mandated a specific trading restriction for its Designated Persons. As per the Company's Code of Conduct, the trading window for dealing in the company’s securities is closed starting from June 9, 2026, and will remain closed until 48 hours after the determination of the issue price by the placement participants.
The preliminary placement document has been made available on the company website.
MOTISONS Stock Price Movement
Motisons Jewellers Limited shares surged today, closing at ₹12.03 after gaining 5.34% in post-market trading. The stock maintained strength on the positive close, supported by a total traded volume of 3.41 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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