MOTISONS JEWELLERS - TF PLAYBOOK
The biggest trigger here is the ₹150 crore QIP allotment.
Motisons has allotted 13.57 crore equity shares at ₹11.05/share, raising ₹149.99 crore from qualified institutional buyers. The issue was priced at a 4.57% discount to the floor price of ₹11.58/share.
The interesting part is the investor mix.
Key allottees above 5% of the issue:
Pine Oak Global Fund - 2.26 crore shares, 16.67% of issue
Mint Focused Growth Fund PCC - Cell 1 - 2.26 crore shares, 16.67%
Saint Capital Fund - 2.26 crore shares / 16.67%
Nova Global Opportunities Fund PCC - Touchstone - 1.86 crore shares / 13.67%
Compact Structure Fund - 1.36 crore shares / 10.00%
Tiger Strategies Fund-I - 90.50 lakh shares / 6.67%
Together, these six investors took 80.33% of the entire QIP, which means the raise was highly concentrated among a few large institutional buyers.
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Note: This is only for educational purposes and is not a buy/hold/sell recommendation.