Kalyan Jewellers raises ₹352 crore from anchor investors
March 16, 2021
Kalyan Jewellers India Ltd has raised ₹351.89 crore from 15 anchor investors, ahead of its proposed initial public offering (IPO), including from marquee investors such as the Government of Singapore.
The firm allocated 4.04 crore shares at the upper price band of ₹87 a share.
Apart from The Government of Singapore, which subscribed to 29 per cent of the anchor portion, Sundaram Mutual Fund (18.18 per cent), Calypso Global Investment Fund (14.21 per cent), Monetary Authority Of Singapore (5.11 per cent), Segantii India Mauritius (3.98 per cent) and Kuber India Fund (3.98 per cent) were among the other anchor investors.
Earlier on March 11, Kalyan Jewellers fixed a price band of ₹86-87 per share for its ₹1,175-crore IPO, which will open for subscription on March 16.