Motisons Jewellers Eyes Fund Raise Through QIP; Shares in Focus as Board Approves Issue Launch
Shares of Motisons Jewellers Limited are likely to remain in focus after the company initiated its Qualified Institutions Placement (QIP) pr...
Shares of Motisons Jewellers Limited are likely to remain in focus after the company initiated its Qualified Institutions Placement (QIP) process, signaling plans to raise fresh capital from institutional investors to support future growth and business expansion.
In a regulatory filing dated June 9, the company’s board approved the opening of the QIP issue and fixed the floor price at ₹11.58 per equity share in accordance with the Securities and Exchange Board of India (SEBI) regulations. The board also approved the preliminary placement document and related application forms to be circulated among qualified institutional buyers.
The company stated that June 9, 2026, has been designated as the ‘Relevant Date’ for determining the issue price under SEBI’s ICDR Regulations. Motisons Jewellers may offer a discount of up to 5% on the calculated floor price at its discretion, subject to regulatory provisions.
