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Kalyan Jewellers IPO subscribed 2.61 times on final day; QIB portion booked 2.76 times – Business News , Firstpost



The three-day challenge, which opened on Tuesday, 16 March, has the dimensions of Rs 1,175 crore. The value band of Kalyan IPO is Rs 86-87 per share and its lot dimension is 172 shares.

The preliminary public providing (IPO) of Kalyan Jewellers closed on Thursday, 18 March. On the final day, Kalyan IPO was subscribed 2.61 times. Against the dimensions of 9.57 crore fairness shares, Kalyan IPO has acquired bids for 24.95 crore fairness shares.

As reported by Moneycontrol, the portion reserved for retail traders has been subscribed 2.82 times whereas certified institutional patrons have subscribed for his or her portion 2.76 times.

Bookings for workers portion had been 3.74 times greater than the designated portion. The challenge reserved for non-institutional traders was subscribed 1.91 times.

The three-day challenge, which opened on Tuesday, 16 March, has the dimensions of Rs 1,175 crore. The value band of Kalyan IPO is Rs 86-87 per share and its lot dimension is 172 shares. Investors positioned bidding on fairness shares within the multiples of 172. As many as 13 shares had been allowed to be bought by an investor making the shares price Rs 1,94,532.

A day earlier than the launch of Kalyan IPO, the corporate raised Rs 351.89 crore by its anchor traders on the higher value band of the difficulty. Kalyan Jewellers goals to boost Rs 375 crore from the supply on the market (OFS) and Rs 800 crore by the recent challenge.

Established in 2009, Kalyan Jewellers has 107 showrooms in India and 30 within the Middle East. The firm plans to make use of the funds for its working capital necessities.

Most consultants had given the Kalyan IPO a subscribe score citing the explanation that the model would carry out higher in future given its pan-India presence and variety in merchandise.

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