Multibagger IPO Rises 200% in Five Months! Do You Own Motisons Jewellers Shares?

The Initial Public Offering (IPO) of Motisons Jewellers Limited, launched in December 2023, was a huge success. Priced between ₹52 and ₹55 per share, the IPO raised ₹151.09 crore. It received an overwhelming response, being subscribed over 170 times in just three days of bidding from December 18th to 20th, 2023. The strong investor interest led to the shares being listed at over a 100 percent premium. Now, the shares are listed at ₹103.90 on the BSE and ₹109 on the NSE. The stock continued to perform well, tripling in value within five months of listing.

Motisons Jewellers Share Price History

Motisons Jewellers’ stock was listed on BSE and NSE on December 26, 2023, at over a 100 percent premium, after being launched at ₹52 to ₹55. Today, the share price is around ₹172, indicating a significant gain of over 200 percent against the issue price. This impressive rise highlights the company’s strong performance and potential for future growth.


Motisons Jewellers Q4 Results 2024

Motisons Jewellers announced its Q4FY24 results, showing strong financial performance. The company significantly reduced its long-term debt to ₹0.91 crore from ₹12.89 crore and short-term debt to ₹107.94 crore from ₹151.65 crore. In Q4FY24, total revenue grew from ₹90.67 crore to ₹117 crore, a rise of over 23 percent year-on-year. EBITDA increased by around 93 percent to ₹17.97 crore, up from ₹9.30 crore in Q4FY23. EBITDA margins grew from 10.25 percent to 15.36 percent. Net profit for Q4FY24 jumped nearly 260 percent to ₹10.77 crore, compared to ₹2.97 crore in Q4FY23. These results demonstrate the company’s strong financial health and growth potential.

FY24 Performance

In FY24, Motisons Jewellers’ EBITDA grew by 28.50 percent, while total revenue increased by around 13.75 percent. The company reported a net profit of ₹32.20 crore in FY24, up about 45 percent from ₹22.19 crore in FY23. These impressive growth figures highlight the company’s potential for future growth and profitability, making it an exciting investment opportunity.

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