Skip to main content

Retail portion of Kalyan Jewellers’ IPO gets fully subscribed on Day 1

 The price band of the offer has been fixed at Rs 86 to Rs 87 per equity share

Kalyan Jewellers

Kalyan Jewellers’ retail portion of its IPO got subscribed completely on Day 1. Overall, the issue got subscribed 60 percent on the first day. Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report. The offer will close on March 18, 2021. The price band of the offer has been fixed at Rs 86 to Rs 87 per equity share. The IPO comprises issuance of fresh equity up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore.

On Monday, Kalyan Jewellers has raised Rs 351.89 crore from 15 anchor investors, including the Government of Singapore, Calypso Global Investment Fund and others.The Day 1 subscription numbers are QIB 0, HNI 0.2x, Retail 1.11x, Employees 1.15x and overall issue has been subscribed 0.60 times, as per data available on BSE and NSE at the end of Day 1 of subscription.

The IPO committee of the company, in their meeting held on Monday, have finalised the allocation of 40,448,275 equity shares to anchor investors at anchor investor allocation price of Rs 87 per equity share. The Government of Singapore took nearly 29 per cent of the anchor investor portion, and the Monetary Authority of Singapore took 5.11 per cent. Sundaram Mutual Fund took nearly 25 per cent through variousfunds.


Labels:

Comments

Post a Comment

Popular posts from this blog

Best Unconventional Workout and Sporting Activities for Summer

In summers, depending upon conditions and circumstances one can incorporate both outdoor  and indoor activities in their training schedule.   Summer is the season of holidays, picnics, outings and beaches. With travel and binge eating proper workout becomes that much more essential in summers. But with heat and the sun outdoors, an individual has to balance his indoor and outdoor activities to get a fulfilling workout. In summers, depending upon conditions and circumstances one can incorporate both outdoor and indoor activities in their training schedule. Mentioned below are some of the best physical and sporting activities that one can use as a workout to stay fit in the summer season. Beach Sports - If in summers one is going to spend much time on beaches or at a beach destination then one may use beach sporting activities such as beach rugby, beach soccer, beach tennis and beach volleyball to stay fit. All of these sporting activities on sand provide a ...
Post a Comment
Read more

PSU bank employees go on two-day strike; services hit at many places

  Employees of public sector banks went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country Employees of  public sector banks  (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual. Public sector lenders, including State Bank of India, had informed customers that services in their branches might be affected due to ...
Post a Comment
Read more

'When rape is inevitable, enjoy it...': Congress MLA in Karnataka Assembly

  Senior Karnataka Congress leader KR Ramesh Kumar made a sexist and unsavoury comment on rape in the state Assembly Senior  Karnataka Congress leader  and former Karnataka Assembly Speaker KR Ramesh Kumar on Thursday made a sexist and unsavoury comment on rape in the state Assembly. Speaking in the Assembly, Kumar said, “There is a saying that when rape is inevitable, lie down and enjoy it. That is exactly the position in which you are.” The senior Congress MLA’s remark was made when MLAs began to demand time from Speaker Vishweshwara Hegde Kageri to discuss farmers’ issues in the Assembly. When the Speaker asked how the Session would be conducted if the time was allotted to everyone. “Whatever you decide I will say yes. What I am thinking is that let us enjoy the situation. I can’t control or regulate the system, my concern is about the business of the house, it has also to be covered,” the Speaker told the members. To this, the  Congress MLA  Ramesh Kumar mad...
Post a Comment
Read more