in

Kalyan Jewellers India Limited IPO (Kalyan Jewellers IPO) Details

The prominent Indian jewellery brand Kalyan Jewellers is taking stock market route to raise fresh funds. The date to bid for Kalyan Jewellers IPO opens on March 16, 2021 with a price band of Rs 86-87 per share. Through this Initial Public Offer the jeweller plans to raise Rs 1175 crores.

kalyan jewellers ipo details
Image: Kalyan Jewellers Logo (Official Website)

Year 2021 is flooding with new IPOs in the stock market. This IPO includes a fresh issue Rs 800 crores and offer for sale of Rs 375 crores. The Kalyan jewellers group promoter TS Kalyanaraman sells Rs 125 crores worth of shares and the investment firm Highdell Investment ltd which is a Warburg Pincus company sells Rs 250 crores as part of the offer for sale.

The people who want to apply for Kalyan Jewellers IPO can bid for a minimum of 172 shares at a higher price band of Rs 87. The minimum lot value is Rs 14,964. The investors can apply for multiple bids based on the above criteria.

A brief history of Kalyan Jewellers

The company founder TS Kalyanaraman started jewellery business in Thrissur, Kerala in 1993 with a single shop. Now Kalyan jewellers has 107 shops in India and 30 shops in Middle East. As of March the promoter group has 67.99 percent equity in the company.

Kalyan Jewellers IPO Important Dates

IPO Open DateMar 16, 2021
IPO Close DateMar 18, 2021
IPO PriceRs 86-87 per share
Market Lot172
Min Order Quantity172
Basis of Allotment DateMar 23, 2021
Initiation of RefundsMar 24, 2021
Credit of Shares to Demat AccountMar 25, 2021
IPO Listing DateMar 26, 2021
Min 1 Lot ( 172 x 87 )Rs 14,964
Max 13 Lots (2236 shares x Rs 87 )Rs 1,94,432