Motisons has a stellar debut: Muthoot, Suraj list at discount The investor reception to three issues that listed on Tuesday was mixed. While Motisons Jewellers made a stellar debut, Suraj Estates and Muthoot Microfin elicited a tepid response.Motisons listed at 109 on NSEa 98.18% premium to its issue price of 55. P4 Contrasting fortunes for new listings Mayur Bhalerao mayur.bhalerao@livemint.com MUMBAI heinvestorreception to T three issues that listed on Tuesday was mixed; while Motisons Jewellers Ltd made a stellar debut, Suraj Estates Ltd and Muthoot Microfin elicited a tepid response. Motisons Jewellers, a diamond and gold jewellery retailer, listed at X109 on the National Stock Exchange (NSE)a staggering 98.18% premium to its issue price of 55. It continued to climb, reaching an intraday high of 109.8, before settling at 103.55 on the NSE. The overwhelming demand for Motisons Jewellers shares showed Motisons Jewellers listed at a 98.8% premium on issue price. up in an oversubscription of 159.6 times. The retail portion was bid 122 times. In contrast, Muthoot Microfin, a microfinance lender, stumbled on its debut day. Its shares listed at 275.30 on the NSEa disappointing 5.39% discount to the issue price of 291. It briefly touched an intraday high of 281 before settling at 266.15, down 8.45% on the NSE. This muted response came as a surprise considering the company's to be more on profit realization rather than fresh buying in these IPOs," said Kranthi Bathini, director of Equity Strategy at WealthMills Securities Pvt. Ltd. Suraj Estate Developers Ltd, a real estate robust subscripThe shares of developer, also tion of lL.5 times. Muthoot Microfin faced investor However, the listed at 275.30 skepticism on its retail portionwas onthe NSE, which debut. | bid 7.6 times was a 5.39% Itsshares listed Analysts attrib. e at R340 on the ute this disparity discount to its NSE, marking a toyear-end profit Issue price of 3291 5.55% decline booking, with - compared to the investors looking issue price of tosecure gains before entering the new year. "There appearsto bea trend of profit booking among many IPOS, with investors opting to secure their gains as we enter the new year. The focus seems 360. It reached an intraday high of 354.45 before settling at 334.50, a discount of 7% to the issue price. While the issue was subscribed 15.6 times, investors copped out at listing.