Image Source : KALYANJEWELLERS.NET Kalyan Jewellers IPO to open on March 16 | Check value band, problem dimension, subscription, particulars
Kalyan Jewellers IPO: Kalyan Jewellers India Ltd on Thursday fastened a value band of Rs 86-87 a share for its Rs 1,175 crore-initial share-sale, which can open for public subscription on March 16.
The three-day public problem would conclude on March 18 and the bidding for anchor traders would open on March 15, Kalyan Jewellers introduced in a digital press meet.
The preliminary public provide (IPO) contains issuance of recent fairness aggregating as much as Rs 800 crore and a proposal on the market (OFS) price Rs 375 crore.
Kalyan Jewellers’ promoter T S Kalyanaraman can be offloading shares price as much as Rs 125 crore, whereas Highdell Investment Ltd, an affiliate of Warburg Pincus, would promote as much as Rs 250 crore price of shares by the OFS route.
Half of the problem is reserved for certified institutional patrons, 35 per cent for retail traders and 15 per cent for non-institutional bidders.
Proceeds from the recent problem of shares can be utilised for working capital necessities and basic company function.
At the tip of June 2020, the corporate had 107 showrooms throughout 21 states and union territories in India, and 30 showrooms within the Middle East. Kalyan Jewellers designs, manufactures and sells a variety of gold, studded and different jewelry merchandise.
Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets are the worldwide co-ordinators and e book working lead managers to the provide. Last month, the capital markets watchdog had sought clarification from the service provider banker relating to the corporate’s public problem.
Kalyan Jewellers, which filed preliminary papers for IPO in August, obtained Sebi’s go forward in October.
(Witj PTI inputs)
ALSO READ: MTAR Technologies IPO allotment finalised: Bumper itemizing positive aspects doubtless; Check GMP and itemizing date
Latest Business News
