Daijiworld Media Network - Mumbai
Mumbai, Mar 8: Small-cap jewellery company Motisons Jewellers will remain in focus on Monday, March 9, after announcing plans to raise Rs 350 crore through the issuance of fresh shares and an increase in authorised capital.
On Friday, the stock closed at Rs 14.41 on the NSE, up 1.91%.
In an exchange filing, the company said its board approved raising Rs 350 crore via preferential allotment, rights issue, private placement, Qualified Institutions Placement (QIP), or other permissible modes. The authorised share capital will increase from Rs 125 crore to Rs 132 crore, with equity capital rising to Rs 122 crore.
Q3 2026 results:
Net profit surged 69.54% year-on-year to Rs 25.94 crore from Rs 15.30 crore.
Revenue grew 20.14% to Rs 174.56 crore from Rs 145.30 crore.
The company received Rs 5.10 crore from warrant holders, of which Rs 5.07 crore has already been utilised. Following this, 40 lakh equity shares were issued.
Stock performance:
Motisons has seen mixed movements—up 2.24% in a day, 33.01% in five days, and 21.39% over a month. However, it lost 6.64% in a week and is down nearly 1% year-to-date. Over the year, the stock has declined 22%, though it delivered 7.34% returns in the past month.
Aryaman Financial Services Limited has been appointed as the book running lead manager for the QIP.