Kalyan Jewellers IPO opens today: Key points you should know before subscribing

The Kalyan Jewellers IPO is now open for subscription and investors can place bids till March 18. The public offering has created quite a buzz, but experts have also highlighted some risks. Here is all you need to know before subscribing:

The much-awaited Kalyan Jewellers initial public offering (IPO) opened for subscription on Tuesday. The Kerala-based jewellery chain’s public offering has created a buzz among investors but several experts have asked them to approach cautiously. Let’s start off with some information about the IPO first. The Kalyan Jewellers IPO will be open for subscription for investors from March 16 and it will close on March 18. For the IPO, the jewellery company has fixed the price band at Rs 86-87 per share. The Warburg Pincus-backed jewellery chain plans to raise Rs 1,175 crore from the IPO. The offer comprises a fresh issue of shares worth Rs 800 crore and an offer-for-sale (OFS) of Rs 375 crore.