In the IPO of Kalyan Jewelers (Kalyan Jewewllers), the price range of one share of Rs 10 has been fixed at Rs 86-87. Bidding will start on March 16 and bidding can be done by March 18. Of this, 35 per cent share is reserved for retail investors.
Kalyan Jewelers IPO: The IPO market is out these days. One to two IPOs are coming every week. If you are also interested in it, then another golden opportunity to earn money by investing in it is going to come. The Rs 1,175-crore IPO of jewelery-trading company Kalyan Jewelers is set to open for subscription on 16 March 2021.
What is the value of share
In the IPO of Kalyan Jewelers, the price range of one share of Rs 10 has been fixed at Rs 86-87. Bidding will start on March 16 and bidding can be done by March 18. Of this, 35 per cent share is reserved for retail investors. So far, there is no activity of gray market in its stock.
800 crore fresh issue
An equity fresh issue of Rs 800 crore will be floated in the issue and shares worth Rs 375 crore are for offer (OFS) by the promoters and shareholders. Under the OFS, the shares promoters valued at Rs 125 crore are TS Kalyanraman and the shares worth Rs 250 crore belong to Hydel Investment Limited. Equity shares of Kalyan Jewelers will be listed on BSE and NSE.
Bid for at least 172 shares
Kalyan Jewelers has put a lot size of 172 shares for the IPO. Investors can bid for a minimum of 172 equity shares. Retail investors will have to invest at least Rs 14,964 on the upper band basis at a price band of Rs 86-87 per share.
