Ahead of IPO, Kalyan Jewellers mobilises ₹352 crore
The Hindu
Kalyan Jewellers India Ltd on Monday raised ₹352 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Tuesday.
The company’ IPO committee has decided to allocate 4,04,48,275 shares at ₹87 per piece to 15 anchor investors. At this price, the firm garnered ₹351.89 crore, Kalyan Jewellers informed BSE. The anchor investors include the Government of Singapore, Monetary Authority of Singapore, HDFC Life Insurance Co Ltd, and BNP Paribas Arbitrage.
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