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Kalyan Jewellers IPO in progress: Should you subscribe to the share sale?
Kalyan Jewellers raised Rs 351.89 crore from anchor investors. Total 4.04 crore shares at Rs 87 per share were allocated to 15 anchor investors
BusinessToday.In | March 16, 2021 | Updated 11:35 IST
Kalyan Jewellers promoter TS Kalyanaraman will offload equity shares aggregating up to Rs 1,25 crore and Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route.
Kalyan Jewellers opened its initial public offer (IPO) today. The three-day public issue will close on March 18 . On March 15, Kalyan Jewellers raised Rs 351.89 crore from anchor investors. Total 4.04 crore shares at Rs 87 per share were allocated to 15 anchor investors. The allocation was done at the higher end of the IPO price band. The IPO has a price band of Rs 86 to Rs 87 per equity share. The issue comprises equity shares aggregating up to Rs 1,175 crore, including fresh equity
Kalyan Jewellers India has raised Rs 351.89 crore from 15 anchor investors, including the government of Singapore, Calypso Global Investment Fund and others. The IPO committee of the company in their meeting held on Monday finalised the allocation of 40,448,275 equity shares to anchor investors for an anchor investor allocation price of Rs 87 per equity share. The government of Singapore took nearly 29 per cent of the anchor investor portion, while the Monetary Authority of Singapore took 5.11 per cent. Sundaram Mutual Fund took nearly 25 per cent through various funds. Other investors included HDFC Life Insurance (2.84 per cent), Calypso Global Investment (14.21 per cent), SegantiII India Mauritius (3.98 per cent), Kuber India Fund (3.98 per cent), Moon Capital Trading (3.98 per cent), Edelwiss Alternative (3.98 per cent), Baroda Large and Mid Cap Fund (2.84 per cent), BNP PAribas Arbitrage (2.84 per cent) and Cohesion K Best Ideas Sub Trust (1.68 per cent).
Retail portion of Kalyan Jewellers IPO gets fully subscribed on Day 1 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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Kalyan Jewellers Rs 1,175 crore IPO offer to open on March 16; price band fixed at Rs 86-87 per share
Kalyan Jewellers IPO: Half of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors and 15 per cent for non-institutional bidders. The offer includes a reservation aggregating up to Rs 2 crore for subscription by eligible employees
BusinessToday.In | March 11, 2021 | Updated 16:24 IST
Kalyan Jewellers IPO: The three-day public issue will conclude on March 18 and the bidding for anchor investors would open on March 15
Kalyan Jewellers India Limited will open its initial public offer of equity shares of the face value of Rs 10 each on March 16. The three-day public issue will conclude on March 18 and the bidding for anchor investors would open on March 15, Kalyan Jewellers announced in a virtual press meet today.