Motisons Jewellers opens QIP issue, floor price set at Rs 11.58 per share
MOTISONS · price
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On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.5 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Motisons Jewellers has opened its Qualified Institutions Placement (QIP) of equity shares on June 9, 2026. The Board approved a floor price of Rs 11.58 per share, calculated under SEBI ICDR rules. The company may offer up to 5 percent discount on the floor price. The actual issue price is not yet determined and will be fixed based on bids from institutional buyers. Trading window for insiders is closed until 48 hours after price determination.
QIP may lead to dilution for existing shareholders. Final issue price will depend on institutional demand. Watch for pricing announcement.