Jaipur-based Motisons Jewellers, jewellery maker that sells gold, diamond, kundan jewellery, silver, platinum and other metals is expected to announce the allotment status of its initial public offering (IPO) on Thursday, December 21. The Motisons Jewellers IPO opened on December 18 and closed on December 20. The price band for the IPO was ₹52 to ₹55 per share. Robust subscription On the last day, the Motisons Jewellers IPO was subscribed 159.21 times, receiving bids for 332.29 crore equity shares against 2.09 crore shares on offer. While the qualified institutional buyer portion was subscribed 157.40 times, the non-institutional investors portion was subscribed 233.80 times. The retail portion also witnessed excellent participation and was subscribed 121.56 times. Grey market premium The shares of Motisons Jewellers are currently commanding a grey market premium (GMP) of ₹100 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. Source - Business Insider