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Jaipur-based Motisons Jewellers files for IPO.

Jaipur-based Motisons Jewellers has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) with a fresh issue of 3,34,71,000 equity shares, with no offer for sale component.

The company recorded a profit of Rs 14.75 crore in FY22, up from Rs 9.67 crore in the previous year, while its revenue from operations increased by 47.55% to Rs 314.33 crore in FY22. The company primarily sources finished jewellery from third-party suppliers located across India and operates four showrooms under the "Motisons" brand in Jaipur. It recently opened an outlet at Vaishali Nagar in 2021 and has manufacturing facilities located in Sitapura Industrial area and Bapu Nagar, Jaipur. The company launched its website in 2011 and started online sales in 2018.

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