Kalyan Jewellers' Rs1,175-cr IPO to open on Mar 16
New Delhi, March 11
Kalyan Jewellers India Ltd on Thursday fixed a price band of Rs 86-87 a share for its Rs 1,175-crore initial public offering, which will open for public subscription on March 16.
The three-day public issue would conclude on March 18 and the bidding for anchor investors would open on March 15, Kalyan Jewellers announced in a virtual press meet.
The IPO comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore.
Kalyan Jewellers’ promoter TS Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route.
Half of the issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional bidders. PTI
Suggested Articles
The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now
in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is
run by a trust comprising five eminent persons as trustees.
The Tribune, the largest selling English daily in North India, publishes news and views without any
bias or prejudice of any kind. Restraint and moderation, rather than agitational language and
partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense
of the term.
The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).
- States
- Punjab
- Haryana
- Himachal Pradesh
- Jammu & Kashmir
- Uttarakhand
- Uttar Pradesh
- Rajasthan
- Madhya Pradesh
- Chhattisgarh
- Classifieds
- Grooms Wanted
- property for sale
- Situation Vacant
- Tolet
- Education
- Other Classifieds
- Remembering B N Goswamy
- Remembering Nehru
- Reach us
- The Tribune Epaper
- The Tribune App - Android
- The Tribune App - iOS
- Punjabi Tribune online
- Punjabi Tribune Epaper
- Punjabi Tribune App - Android
- Punjabi Tribune App - iOS
- Dainik Tribune online
- Dainik Tribune Epaper
- Dainik Tribune App - Android
- Dainik Tribune App - ios
- Subscribe Print Edition
- Contact Us
- About Us
- Code of Ethics