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Showing posts with the label Kalyan Jewellers IPO

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’  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 com...