Motisons Jewellers Limited — Others, 14-11-2024: Monitoring Agency Report

Motisons Jewellers Limited has reported on the utilization of IPO proceeds for the quarter ended September 30, 2024. The total issue size was ₹15,109.05 crore, with net proceeds of ₹13,198.89 crore. All funds are being allocated as per the offer document, covering the repayment of borrowings, working capital needs, and general corporate purposes. Notably, ₹5,572.27 crore was fully utilized to repay existing borrowings, while ₹5,634.06 crore of working capital was also deployed efficiently. The monitoring agency confirmed no deviations in fund use, indicating stable operational health, which could signal a positive outlook for investors.