Kalyan Jewellers IPO opening today: Check price per share, other details

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Kalyan Jewellers IPO: Today is another good opportunity for you to earn in the stock market. Kalyan Jewellers is bringing its IPO today on 16 March 2021. The company will raise Rs. 1175 crore through this IPO. Explain that the company has fixed the price band for the IPO. The company has fixed a price of Rs. 86-87 per share. This IPO will open on March 16 and will close on March 18, 2021.

How much money will the company raise?

Let us tell you that earlier the company had made a plan to raise Rs 1750 crore through the issue, but seeing the market conditions, it has been reduced to Rs 1175 crore.

Kalyan Jewelers IPO opening today

How many crores will be the fresh issue?

The company will issue a fresh issue of Rs. 800 crore through this IPO. Apart from this, shares worth Rs. 375 crore will be sold through the offer for sale. The company is in talks with the book-running lead managers for the pre-IPO placement. In the offer for sale, the promoter of the company TS Kalyanraman will sell shares worth Rs. 125 crore and Hydel Investment Rs 250 crore.

Kalyanraman holds 27.41 percent in the jewellery company and a 24 percent stake in Hydel Investment. The company will use the funds raised from the issue for the next two years. Let us know that after the PC jeweller stepped into the market in December 2012, the first pure jewellery segment may have an IPO. Kalyan Jewelers’ rival company was listed in December 2012.

What is the business of the company?

Talking about the company’s business, Kalyan Jewellers had 107 showrooms in 21 states across the country till 30th June 2020. Apart from this, the company also has 30 showrooms outside India.

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