Motisons Jewellers shares have seen a tremendous rise in 9 months. Motisons Jewellers shares closed at Rs 256.95 on Tuesday 17 September. The company’s IPO came about 9 months ago. The price of the company’s shares in the IPO was Rs 55. Motisons Jewellers is now preparing to split its shares (stock split). The 52-week high level of Motisons Jewellers shares is Rs 273.95. At the same time, the 52-week low level of the company’s shares is Rs 87.10.
The company’s board meeting is on September 19
Motisons Jewellers has announced in an exchange filing that its board meeting is to be held on Thursday, September 19. The board of Motisons Jewellers will consider the proposal to split the shares with a face value of Rs 10 in this meeting. Motisons Jewellers shares have jumped more than 38 percent in the last one month. The company’s shares were at Rs 185.70 on August 19, 2024. The company’s shares closed at Rs 256.95 on September 17, 2024.
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Shares are up 155% so far this year
Motisons Jewellers shares have risen by 155% so far this year. At the beginning of this year, on January 1, 2024, the company’s shares were at Rs 100.68. Motisons Jewellers shares closed at Rs 256.95 on 17 September 2024. In the last 6 months, the company’s shares have seen a jump of more than 87%. The company’s shares were at Rs 137.25 on 18 March 2024, which closed above Rs 255 on 17 September 2024. In the last 2 years, the company’s shares have seen a rise of 69%.
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The company’s IPO was subscribed more than 173 times
Motisons Jewelers’ IPO was subscribed a total of 173.23 times. The quota of retail investors in the company’s IPO was subscribed 135.60 times. At the same time, 311.99 times bets were placed in the non-institutional investors category. While the quota of qualified institutional buyers was subscribed 135.01 times.
