Kalyan Jewellers IPO: The Rs 1,175 crore preliminary public providing (IPO) of jewelry maker Kalyan Jewellers India will open on Tuesday, March 16, 2021, and can be out there for subscription until Thursday, March 18, 2021. The worth band of the IPO has been fastened at Rs 86-87 per share of the face worth of Rs 10 every.
Kalyan Jewellers India is a Thrissur-based premium jewelry producer. It is promoted by TS Kalyanaraman, TK Seetharaman and TK Ramesh and is backed by personal fairness agency Warburg Pincus.
The IPO includes a recent difficulty of fairness shares price Rs 800 crore and offer-for-sale (OFS) of Rs 375 crore by the promoters and shareholders. Further, the OFS includes promoting as much as Rs 125 crore price shares by Kalyanaraman, and Rs 250 crore by Highdell Investment.
Investors who want to subscribe to Kalyan Jewellers IPO can bid within the lot of 172 fairness shares and multiples thereof. At the higher worth band, they should shell out Rs 14,964 to get a single lot of Kalyan Jewellers. The shares can be listed on each BSE and National Stock Exchange (NSE).
As a lot as 50 per cent of the difficulty is reserved for certified institutional patrons (QIBs), 35 per cent for retail traders and 15 per cent for non-institutional bidders.
The internet proceeds from the difficulty can be utilised for funding working capital necessities. Ahead of the general public provide, the anchor traders’ portion can be out there on Monday, March 15, 2021.
Axis Capital, Citigroup Global Markets India, ICICI Securities, SBI Capital Markets and BOB Capital Markets are the ebook operating lead managers to the IPO whereas Link Intime India is the registrar of the difficulty.
Kalyan Jewellers has 137 retail shops unfold throughout India and the Middle East, in keeping with the knowledge out there on its web site. Upon its itemizing, it’ll be a part of the likes of Titan Company and PC Jeweller.
