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Motisons Jewellers IPOcloses today; subscribed 51.5 times

The initial public offering of Jaipur-based jewellery retailer Motisons Jewellers has been a blockbuster success so far. The issue, which will close today, was subscribed 51.50 times, mainly thanks to HNI and retail investors.

The portion set aside for retail investors was subscribed a whopping 64.60 times, while the non-institutional quota saw a subscription of 69.68 times. QIBs remain muted at 0.06 times.

Against 2.08 crore shares on offer, the IPO received bids for 107.48 crore shares.

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