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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. ....
The QIP issue opened on 9 March 2021 and closed on 15 March 2021.The QIP issue committee of board of directors of the company approved allotment of 2,58,62,068 equity shares to eligible qualified institutional buyers at the issue price of Rs 1,450 per equity share, against the floor price of Rs 1,513.39 per equity share, aggregating to Rs 37,49,99,98,600. Allottees who were issued more than 5% of the total equity shares offered in the QIP are Invesco Oppenheimer Developing Markets Fund (24.87%), Government Of Singapore (13.05%), Monetary Authority Of Singapore (8.34%), Goldman Sachs Funds - Goldman Sachs Emerging Markets Equity Portfolio (6.7%), Universities Superannuation Scheme (5.84%) and Baron Emerging Markets Fund (5.14%). Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased from Rs 126,04,04,915 consisting of 25,20,80,983 equity shares to Rs 138,97,15,255 consisting of 27,79,43,051 equity shares. ....
Shares of Indigo Paints were trading at Rs 2525 at 10:15 IST on the BSE, at a premium of 69.46% or 1035 points over the initial public offer price of Rs 1490. The stock was listed at Rs 2607.50, at a premium of 75% or 1117.5 points to the initial public offer (IPO) price. So far the stock hit a high of Rs 2756.30 and low of Rs 2475.20. On the BSE, 4.13 lakh shares were traded on the counter so far. The initial public offer (IPO) of Indigo Paints was subscribed 117.02 times. The issue received bids for 64.57 crore shares as against 55.18 lakh shares on offer, according to the stock exchange data. The issue opened for subscription on 20 January 2021 and closed on 22 January 2021. The price band for the IPO was set at Rs 1488-1490 per share. ....