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Kalyan Jewellers IPO closes today: Price band, grey market premium; should you subscribe?
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Kalyan Jewellers IPO gets subscribed 1 22 times on Day 2
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Highlights
Offers to raise an estimated Rs 3,764 crore.
Shares of these companies will be listed on BSE and NSE.
New Delhi: Kalyan Jewellers India IPO opens for public subscription on Tuesday. The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale worth Rs 375 crore.
Kalyan Jewellers promoter T S Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route. The company has set the price band at Rs 86-87 a share for the initial share-sale, which will conclude on March 18.
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.
Kalyan Jewellers IPO in progress: Should you subscribe to the share sale?
Kalyan Jewellers raised Rs 351.89 crore from anchor investors. Total 4.04 crore shares at Rs 87 per share were allocated to 15 anchor investors
BusinessToday.In | March 16, 2021 | Updated 11:35 IST
Kalyan Jewellers promoter TS Kalyanaraman will offload equity shares aggregating up to Rs 1,25 crore and Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route.
Kalyan Jewellers opened its initial public offer (IPO) today. The three-day public issue will close on March 18 . On March 15, Kalyan Jewellers raised Rs 351.89 crore from anchor investors. Total 4.04 crore shares at Rs 87 per share were allocated to 15 anchor investors. The allocation was done at the higher end of the IPO price band. The IPO has a price band of Rs 86 to Rs 87 per equity share. The issue comprises equity shares aggregating up to Rs 1,175 crore, including fresh equity
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