Firm sets price band at ₹86-87 a share
Kalyan Jewellers India Ltd. fixed a price band of ₹86-87 a share for its ₹1,175-crore initial share sale, which will open for public subscription on March 16. The three-day public issue would conclude on March 18 and the bidding for anchor investors would open on March 15, Kalyan Jewellers announced. The initial public offer (IPO) comprises issuance of fresh equity aggregating up to ₹800 crore and an offer for sale (OFS) of ₹375 crore. Kalyan Jewellers’ promoter T.S. Kalyanaraman would be offloading shares worth up to ₹125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to ₹250 crore worth of shares through the OFS route.
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Updated Mar 03, 2021 | 13:36 IST
The IPO market is burgeoning with offers owing to cheap liquidity, right market conditions. Most public offers issued in the first two months of 2021 got oversubscribed multiple times and gave listing gains It s raining IPOs: 10 public issues likely to hit market in March | Photo Credit: Thinkstock
Riding on wave of bull market at least 1o companies have lined up their initial public offers (IPOs) in the month of March.
Among those looking to cash in the exuberance of secondary market include MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.
Upcoming IPOs in March 2021 in India: Kalyan Jewellers, Easy Trip Planners, MTAR Tech and more
Upcoming IPOs in March 2021: MTAR Technologies, Easy Trip Planners, Puranik Builders, Apeejay Surrendra Park Hotels, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, ESAF Small Finance Bank and Kalyan Jewellers India
Chitranjan Kumar | March 2, 2021 | Updated 13:24 IST
Upcoming IPOs in March 2021: Kalyan Jewellers, Easy Trip Planners, Aadhar Housing Finance, Apeejay Surrendra Park Hotels, Suryoday Small Finance Bank and more
With a long list of upcoming initial public offers (IPOs) in the pipeline this year, investors may look forward to an action-packed year. As many as 16 IPOs are likely to hit the market in March itself to raise over Rs 25,000 crore.