
Kalyan Jewellers IPO allotment status: The initial public offering (IPO) of Kalyan Jewellers India was met with 2.61 times subscription over the 9.57 crore shares offered during the subscription period from March 16-18, 2021. The price band was fixed at Rs 86-87 per share.
The qualified institutional buyers (QIBs) category was subscribed 2.76 times, non institutional investors 1.91 times and retail individual investors (RIIs) 2.82 times. The employees segment too saw a 3.74 times subscription.
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 is a Thrissur-based company is in the organised premium jewellery sector. At the end of June 2020, the company had 107 showrooms across 21 states and Union Territories in India, and 30 showrooms in the Middle East.
Investors are now looking forward to the share allotment date of the Kalyan Jewellers India IPO. The company will finalise the allotment of shares on Tuesday, March 23, 2021. In case you have applied for the Kalyan Jewellers IPO, then here is how you can check the status of your allotment when it gets declared:
The listing of shares of Kalyan Jewellers India is likely to take place on March 26, 2021, on both the NSE and BSE. The issue size of the IPO was Rs Rs 1,175 crore.
Axis Capital, Citigroup Global Markets India, ICICI Securities, SBI Capital Markets and BOB Capital Markets were the book running lead managers to the IPO.