Kalyan Jewellers India Limited will open its initial public offer (IPO) of equity shares of face value of \u20b910 each on 16th March, 2021. The offer will close on 18th March, 2021. The price band of the offer has been fixed at \u20b986 to \u20b987 per equity share. Bids can be made for a minimum of 172 equity shares and in multiples of 172 shares thereafter.<\/p>\n\n\n\n
The company plans to raise \u20b911,750 million (~$161 million) through the IPO to fund its working capital requirements and for general corporate purposes. The offer comprises a fresh issue aggregating up to \u20b98,000 million, an offer for sale worth \u20b93,750 million, which includes the sale of equity shares valued at \u20b91,250 million by Promoter, Chairman and Managing Director, T.S. Kalyanaraman.<\/p>\n\n\n\n
The offer also includes a reservation aggregating up to \u20b920 million, for subscription by eligible employees <\/p>\n\n\n\n
Axis Capital Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the Global Co-ordinators and Book Running Lead Managers to the offer. BOB Capital Markets Limited is the Book Running Lead Manager.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kalyan Jewellers India Limited will open its initial public offer (IPO) of equity shares of face value of \u20b910 each on 16th March, 2021. The offer will close on 18th March, 2021. The price band of the offer has been fixed at \u20b986 to \u20b987 per equity share. Bids can be made for a minimum…<\/p>\n","protected":false},"author":1,"featured_media":4984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-4983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n