Investors!!! On Thursday, Warburg Pincus-backed Kalyan Jewellers India Ltd announced an Rs. 1,175 crore initial public offering (IPO) that included a stake sale by existing shareholders and the issuance of new shares. In this blog the details about the IPO of Kalyan jewelers are available.
The price band for this IPO is Rs.86-87 per share,
Kalyan Jewellers is one of India's most prestigious jewellers. The company's main business activities include designing, manufacturing, and selling a range of gold, studded, and other jewelry items for various occasions such as weddings, festivals, and so on. The business began with a single showroom in Kerala and has since risen to 107 showrooms spread across 21 Indian states and union territories. With 30 showrooms in the Middle East, it represents not only the domestic market but also international customers. Gold jewelry accounts for a large portion of the company's sales, accounting for 74.77 percent in fiscal 2020, led by studded (diamond and precious stone) and other jewelry divisions.
IPO Open Date |
Mar 16, 2021 |
IPO Close Date |
Mar 18, 2021 |
Basis of Allotment Date |
Mar 23, 2021 |
Initiation of Refunds |
Mar 24, 2021 |
The credit of Shares to Demat Account |
Mar 25, 2021 |
IPO Listing Date |
Mar 26, 2021 |
The market lot size for the Kalyan Jewellers IPO is 172 shares. An individual retail investor may apply for up to 13 lots (2236 shares or 194,532 dollars).
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