Motisons Jewellers stock pops as QIP opens at ₹11.58 floor
Motisons Jewellers launched its QIP on June 9 with a floor price of ₹11.58 per share. The stock jumped as much as 6.5% intra-day to ₹12.79 before closing 2% higher at ₹12.25 on BSE. Issue permits up to 5% discount; shares remain down 36% over the past year.
What happened
Motisons Jewellers launched a QIP on June 9 with a floor price of ₹11.58 per share, sending the stock up as much as 6.5% intra-day before settling 2% higher at
Key facts
- floor price ₹11.58
- intra-day high ₹12.79
- +6.5% intra-day
- closed +2% at ₹12.25
- -36% 1-year
- up to 5% discount permitted
Why this matters
Motisons tapping QIP capital at a sub-₹12 floor highlights how small-cap jewellery peers are accepting dilutive raises, opening windows for strategic stake-building or partnership conversations.