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Sunday, 14 March 2021

Kalyan Jewelers IPO: Opportunity to invest in March 16, Learn Detailed Information

Kalyan Jewelers IPO: Opportunity to invest 

If you want to make money investing in an IPO, there is one more golden opportunity. Kalyan Jewelers is launching an initial public offering (IPO) of Rs 1,175 crore from March 16, 2021.




If you want to make money investing in an IPO, there is one more golden opportunity. Kalyan Jewelers is launching an initial public offering (IPO) of Rs 1,175 crore from March 16, 2021. The price band of the IPO at Rs 86-87 per share by the compony. The face value per share is Rs. This issue will close on March 18, 2021. The equity shares of Kalyan Jewelers will be listed on BSE and NSE. New IPO equity of Rs 800 crore will be issued and a sale (OFS) of Rs 375 crore is offered by the promoters and shareholders.

125 crore share promoter T.S. Kalyanaraman and Rs 250 crore shares of Hydel Investment Limited. Axis Capital, Citigroup Global Markets India Pvt. Ltd., ICICI Securities Ltd. and SBI Capital Markets Global Co-ordinator and Book Running Leads Issue Manager.

How much to invest

The lot size of the IPO of Kalyan Jewelers is 172 shares. Public or investor can apply for at least 172 equity shares. Depending on the upper price band, the minimum investment will be Rs 14,964. Less than 50 per cent of the issue is reserved for institutional investors (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors. Shares worth Rs 2 crore are reserved for employees. Employees are being given a discount of Rs 8 per share. BOB Capital Markets also will be the book running lead manager and therefore the registrar for the offer are going to be Link Intime India Pvt Ltd.



Jewelry market share

In FY19, Tanishq accounts for 3.9 per cent of the Indian jewelery market and 12.5 per cent of the organized jewelery market. At the same time, Kalyan Jewelers has a 1.8 per cent share in the jewelery market and 5.9 per cent in the organized jewelery market.

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