Motisons Jewellers, a Jaipur-based retail jeweller company, has garnered Rs 33 crore in its pre-IPO (initial public offering) funding round.

The company saw participation from individual and institutional investors, including Sunil Kothari & Sons, Manish Parakh, Isha Parakh, Manish Parakh HUF, Rajesh Kumar Kabra, and Jagdamba Coal House, Prabhudas Lilladhar Advisory Services Private Ltd, Readiprint International LLP and Rajan Propcon Private Ltd in the round.

The jewellery firm had undertaken the pre-IPO placement of 6 million shares at an issue price of Rs 55 per equity share for an amount aggregating to Rs 33 crore by way of a private placement, according to a public notice issued on Saturday.

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The broking firm Jefferies has raised the target price on the stock of Apollo Hospitals to Rs 7,500 from 6,630, earlier, an increase of 13%. The brokerage has kept the rating unchanged to “Buy”. It believes that the company has remained committed to increasing occupancy in hospitals to 70%. 

Also, it has raised the operating profit estimated by 6% for FY26 on 24/7 breakeven. However, cut the FY25 operating margin by 1% on the back of the “lower hospital margin assumptions.” The company reported an operating margin of Rs 610 crore in the third quarter of the current financial year, an increase of 21% year-on-year. 

The company’s management believes the operating margin will be improved by 200 basis points in the near term. 

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