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The Kalyan Jewellers IPO is open for subscription between March 16 and 18. The price band of the IPO is Rs 86 to 87. Read on to find out more on the latest news around the Kalyan Jewellers IPO.

March 26: Listing Day

  • The shares of Kalyan Jewellers listed at a 15% discount at Rs 73.95 per share compared to the issue price on the NSE.
  • On the BSE, the share price listed at a discount of 15.6% to list at Rs 73.90 on the BSE.

March 18: Day 3

As of 5.00 p.m.

  • The Kalyan Jewellers IPO was subscribed 2.61 times on day 3 of bidding.
  • The IPO received bids for 24.95 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 2.82 times the reserved portion
  • Qualified institutional buyers (QIB): 2.76 times the reserved portion
  • Non-institutional investors (NII): 1.91 times the reserved portion
  • Employees: 3.74 times the reserved portion

As of 3.50 p.m.

  • The Kalyan Jewellers IPO was subscribed 2.56 times so far on day 3 of bidding.
  • The IPO received bids for 24.50 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 2.76 times the reserved portion
  • Qualified institutional buyers (QIB): 2.76 times the reserved portion
  • Non-institutional investors (NII): 1.82 times the reserved portion
  • Employees: 3.36 times the reserved portion

As of 2.20 p.m.

  • The Kalyan Jewellers IPO was subscribed 2.12 times so far on day 3 of bidding.
  • The IPO received bids for 20.27 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 2.45 times the reserved portion
  • Qualified institutional buyers (QIB): 2.09 times the reserved portion
  • Non-institutional investors (NII): 1.37 times the reserved portion
  • Employees: 2.47 times the reserved portion

As of 11.30 a.m.

  • The Kalyan Jewellers IPO was subscribed 1.45 times so far on day 3 of bidding.
  • The IPO received bids for 13.87 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 2.12 times the reserved portion
  • Qualified institutional buyers (QIB): 0.65 times the reserved portion
  • Non-institutional investors (NII): 0.93 times the reserved portion
  • Employees: 1.98 times the reserved portion

March 17: Day 2

As of 7.00 p.m.

  • The Kalyan Jewellers IPO was subscribed 1.21 times so far on day 2 of bidding.
  • The IPO received bids for 11.56 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 1.90 times the reserved portion
  • Qualified institutional buyers (QIB): 0.24 times the reserved portion
  • Non-institutional investors (NII): 0.89 times the reserved portion
  • Employees: 1.91 times the reserved portion

As of 5.20 p.m.

  • The Kalyan Jewellers IPO was subscribed 1.21 times so far on day 2 of bidding.
  • The IPO received bids for 11.56 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 1.90 times the reserved portion
  • Qualified institutional buyers (QIB): 0.24 times the reserved portion
  • Non-institutional investors (NII): 0.89 times the reserved portion
  • Employees: 1.91 times the reserved portion

As of 3.40 p.m.

  • The Kalyan Jewellers IPO was subscribed 0.98 times so far on day 2 of bidding.
  • The IPO received bids for 9.39 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

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  • Retail investors: 1.71 times the reserved portion
  • Qualified institutional buyers (QIB): 0.0036 times the reserved portion
  • Non-institutional investors (NII): 0.58 times the reserved portion
  • Employees: 1.59 times the reserved portion

As of 1.20 p.m.

  • The Kalyan Jewellers IPO was subscribed 0.87 times so far on day 2 of bidding.
  • The IPO received bids for 8.34 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 1.51 times the reserved portion
  • Qualified institutional buyers (QIB): 0.0036 times the reserved portion
  • Non-institutional investors (NII): 0.54 times the reserved portion
  • Employees: 1.37 times the reserved portion

As of 11.10 a.m.

  • The Kalyan Jewellers IPO was subscribed 0.68 times so far on day 2 of bidding.
  • The IPO received bids for 6.47 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 1.25 times the reserved portion
  • Qualified institutional buyers (QIB): 0.0036 times the reserved portion
  • Non-institutional investors (NII): 0.22 times the reserved portion
  • Employees: 1.19 times the reserved portion

March 16: Day 1

As of 5.00 p.m.

  • The Kalyan Jewellers IPO was subscribed 0.6 times on day 1 of bidding.
  • The IPO received bids for 5.72 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 1.1 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet
  • Non-institutional investors (NII): 0.2 times the reserved portion
  • Employees: 1.15 times the reserved portion

As of 3.40 p.m.

  • The Kalyan Jewellers IPO was subscribed 0.44 times so far on day 1 of bidding.
  • The IPO received bids for 4.16 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 0.82 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet
  • Non-institutional investors (NII): 0.13 times the reserved portion
  • Employees: 0.09 times the reserved portion

As of 2.10 p.m.

  • The Kalyan Jewellers IPO was subscribed 0.36 times so far on day 1 of bidding.
  • The IPO received bids for 3.48 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 0.68 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet
  • Non-institutional investors (NII): 0.12 times the reserved portion
  • Employees: 0.04 times the reserved portion

As of 11.10 a.m.

  • The Kalyan Jewellers IPO was subscribed 0.14 times so far on day 1 of bidding.
  • The IPO received bids for 1.3 crore shares as against an offer size of 9.57 crore shares.

Subscription Status

  • Retail investors: 0.27 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet
  • Non-institutional investors (NII): Not bid yet
  • Employees: 0.02 times the reserved portion

March 15: Funds Raised from Anchor Investors

The company raised Rs 351.89 crores from 15 anchor investors. It has decided to allocate 4.04 crore shares at Rs 87 per share, which is the upper end of the price band.

The anchor investors include

  • Government of Singapore
  • Monetary Authority of Singapore
  • BNP Paribas NSE Arbitrage
  • Sundaram MF
  • Kuber India Fund
  • Edelweiss Alternative Investment Opportunities Trust
  • HDFC Life Insurance Company

About the IPO

The IPO has an issue size of Rs 1,175 crores of which Rs 800 crores comprises a fresh issue and the rest is an offer for sale.
The company’s managing director will offload Rs 125 corres-worth shares and Highdell Investment, a Warburg Pincus affiliate will sell shares worth Rs 250 crores, adding up to an offer-for-sale for Rs 375 crores.

About the Company

Kalyan Jewellers is one of the largest jewellery companies in India. It has 107 showrooms located across 21 states and union territories in India, and 30 showrooms located in the Middle East. The company designs, manufactures, and sells a wide range of gold, studded, and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, to daily-wear jewellery.

Read more on Groww: Kalyan Jewellers IPO Details

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