RBZ Jewellers at menace of stage a lacklustre debut on bourses

RBZ Jewellers is a gold jewellery producer specialising in the appearance of antique designs. The firm's wholesale buyer sad comprises reputed national, regional and native family jewellers all over 19 states and 72 cities in India

December 27, 2023 / 07:30 AM IST

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Motisons Jewellers Ltd. | CMP Rs. 103.55 | Shares of Motisons Jewellers made a blockbuster debut on December 26, ending at over 88 p.c premium against the IPO label of Rs 55. The Rs 151-crore public train used to be equipped 159.61 cases throughout December 18-20 as all classes of patrons showed real participation in the IPO. The firm will utilise procure unusual train proceeds for repaying its debt (Rs 58 crore) and working capital necessities (Rs 71 crore), besides general company capabilities. Its total borrowings stood at Rs 166 crore as of June FY24.

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