The preliminary public providing (IPO) of Kalyan Jewellers can 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 suggestion for sale price Rs 375 crore for 4.31 crore shares and contemporary problems with Rs 800 crores for 9.19 crore shares. Here are the details for investors earlier than the launch of the Kalyan Jewellers IPO.
The firm 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 price Rs 2 crore have been reserved for the workers of Kalyan Jewellers. Highdell Investment, an investor within the firm will promote shares price Rs 250 crore by the provide for sale. For the problem, shares price Rs 125 crore can be bought by the founder promoter TS Kalyanarama.
Price Band and Lot Size
The worth band of the Kalyan Jewellers IPO has been fastened at Rs 86-87 per fairness share and its lot size is 172 shares. Investors can purchase one lot of Kalyan Jewellers IPO for Rs 14,964, as reported by Business Standard.
Usage 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 can be used for basic company functions.
As a lot as 50 p.c of the problem has been reserved for certified institutional patrons. Retail investors have a quota of 35 p.c whereas 15 p.c of the problem is for non-institutional investors.
Kalyan Jewellers IPO will launch on 16 March and can be open until 18 March. The shares allotment can be finalised by 23 March and refund of cash to anchor investors will occur on 24 March.
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