The Kerala based jeweler received SEBI's approval to come with an IPO issue in October. And now the primary issue of the company is likely to hit as early as December this year. The Rs. 1750 crore issue is expected to see a good response amid attractive valuation and liquidity in the markets.
Kalyan Jewellers IPO In December: Things To Know
As per the DRHP, the issue shall comprise Rs. 1000 as a fresh issuance and the remaining shall be an offer for sale. In the offer for sale, the company's promoters shall reduce their holding of shares worth up to Rs. 250 crore and another shall be by Highdell of Rs. 500 crore.
The book running lead managers to the IPO are Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets.
In the last 3 years, it shall be among the biggest retail offering only after DMart that was launched to raise Rs. 1870 crore.
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