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Kalyan Jewellers IPO in progress: Should you subscribe to the share sale?

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

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