Kalyan Jewellers IPO Subscription Status
(Fully Subscribed )
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Day 1 Subscription Highlights:
Day 2 Subscription Highlights:
It was a average subscription for the Kalyan Jewellers on the 2nd day. It was not looking good as the GMP is not well but still there is a chance that QIB and NII comes with a good numbers. The QIB was subscribed 0.24x times while NII was subscribed 0.89x times. The retail and employees comes at 1.90x times. The GMP stood at 8-9 level.
About Kalyan Jewellers IPO
Kalyan Jewellers IPO price band is fixed at ₹86 to ₹87 Per Share. The company to raise ₹1175 crore via IPO. The subscription will closes on 18 March 2021. The allotment will be on 23 March and listing will be on 26 March. Kalyan Jewellers minimum bid is 172 Shares with ₹14964 amount while maximum bid is 2236 shares with ₹194532.
We are one of the oldest business families in India with a family legacy of over a century in business, starting from as early as 1908. Started for the noble cause of nation-building and self-sustenance in a pre-independent India, the forefathers believed ethical, honest and transparent business practices should form the foundation of the group.
Having ventured into jewellery retailing in 1993 in Thrissur, Kerala, India, where we are headquartered, and as on June 30, 2020, we have 137 showrooms spread across India and GCC
Indian jewellery, its craftsmanship and variety is an amazing showcase of India’s heritage, culture and diversity. With a deep understanding of local tastes and preferences, Kalyan offers an array of traditional and contemporary jewellery designs in gold, diamonds, precious stones and other precious metals.
We at Kalyan have always believed that the customer needs to be educated and aware, as this is the first step in preventing malpractices in business. As a part of this philosophy we have conducted several campaigns over the years, to educate customers about purity, pricing and other aspects. These efforts of Kalyan have gone a long way in the industry, that is now becoming more transparent towards the customer’s interests. We believe that this is our legacy to the industry.
Inspired by the trust we have earned across varied markets, we will soon be expanding into new markets across India, GCC, USA, Singapore, Malaysia, Sri Lanka and more.