Kalyan Jewellers IPO opens on March 16, price band fixed at ₹86-87/share
March 11, 2021
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Kalyan Jewellers India Ltd has fixed a price band of ₹86-87 per share for its ₹1,175-crore Initial Public Offering (IPO), which will open for subscription on March 16.
The offer comprises a fresh issue of up to ₹800 crore of shares and an offer for sale of up to ₹375 crore. The OFS includes shares of up to ₹125 crore by promoters T.S. Kalyanaraman and ₹250 crore by investor Highdell Investment Ltd, the company said in a statement.
The offer, which will close on March 18, includes a reservation of up to ₹20 crore for employees.