Jewellery stock below Rs 50 gains as company announces Qualified Institutions Placement: Check floor price

Shares of Jaipur-based retail jeweller Motisons Jewellers gained on Wednesday after the company announced a Qualified Institutions Placement (QIP). According to the information shared, the company has set the QIP floor price at Rs 11.58 per equity share with a face value of Re 1 each. The floor price has been following prior approval from its board and a subsequent shareholder postal ballot. The company stated it may offer a discount of not more than 5 per cent on the calculated floor price to institutional bidders. Further, the trading window for dealing in the securities of the company will remain closed from June 9, 2026, to 48 hours after the determination of the issue price for all ‘designated persons.’