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 opens today: Key points you should know before subscribing
Kalyan Jewellers IPO opens today: Key points you should know before subscribing
The Kalyan Jewellers IPO is now open for subscription and investors can place bids till March 18. The public offering has created quite a buzz, but experts have also highlighted some risks. Here is all you need to know before subscribing:
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UPDATED: March 16, 2021 11:48 IST
The Kalyan Jewellers IPO will be open for subscription for investors from March 16 and it will close on March 18. (Photo: Reuters/Representational image)
The much-awaited Kalyan Jewellers initial public offering (IPO) opened for subscription on Tuesday. The Kerala-based jewellery chain’s public offering has created a buzz among investors but several experts have asked them to approach cautiously.
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
Kalyan Jewellers India has raised Rs 351.89 crore from 15 anchor investors, including the government of Singapore, Calypso Global Investment Fund and others. The IPO committee of the company in their meeting held on Monday finalised the allocation of 40,448,275 equity shares to anchor investors for an anchor investor allocation price of Rs 87 per equity share. The government of Singapore took nearly 29 per cent of the anchor investor portion, while the Monetary Authority of Singapore took 5.11 per cent. Sundaram Mutual Fund took nearly 25 per cent through various funds. Other investors included HDFC Life Insurance (2.84 per cent), Calypso Global Investment (14.21 per cent), SegantiII India Mauritius (3.98 per cent), Kuber India Fund (3.98 per cent), Moon Capital Trading (3.98 per cent), Edelwiss Alternative (3.98 per cent), Baroda Large and Mid Cap Fund (2.84 per cent), BNP PAribas Arbitrage (2.84 per cent) and Cohesion K Best Ideas Sub Trust (1.68 per cent).