Kalyan Jewellers IPO: Price band, size and other important details for investors
The preliminary public providing (IPO) of Kalyan Jewellers shall be launched on Tuesday, 16 March.
The Kerala-based jewelry chain’s IPO which has a size of Rs 1,175 crore will shut on Thursday, 18 March. It gives a proposal for sale value Rs 375 crore for 4.31 crore shares and contemporary problems with Rs 800 crores for 9.19 crore shares. Listed here are the details for investors earlier than the launch of the Kalyan Jewellers IPO.
The corporate was established by TS Kalyanaraman in 1993. It manufactures gold and other jewelry objects for common put on and particular events. As reported by Moneycontrol, Kalyan Jewellers has 107 showrooms in India and 30 in West Asia.
Shares value Rs 2 crore have been reserved for the staff of Kalyan Jewellers. Highdell Funding, an investor within the firm will promote shares value Rs 250 crore by means of the provide for sale. For the problem, shares value Rs 125 crore shall be bought by the founder promoter TS Kalyanarama.
Price Band and Lot Size
The value band of the Kalyan Jewellers IPO has been fastened at Rs 86-87 per fairness share and its lot size is 172 shares. Investors should purchase one lot of Kalyan Jewellers IPO for Rs 14,964, as reported by Enterprise Customary.
Utilization of funds
Kalyan Jewellers goals to make use of as a lot as Rs 600 crore for its working capital requirement and the remaining funds shall be used for basic company functions.
As a lot as 50 % of the problem has been reserved for certified institutional patrons. Retail investors have a quota of 35 % whereas 15 % of the problem is for non-institutional investors.
Kalyan Jewellers IPO will launch on 16 March and shall be open until 18 March. The shares allotment shall be finalised by 23 March and refund of cash to anchor investors will occur on 24 March.
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