Kalyan Jewelers India Limited fixed a share band of 86 86-87 for its initial share sale of ers 1,175 crore, which will open for public membership on 16 March.
The three-day public issue will end on March 18 and bids for anchor investors will begin on March 15, Kalyan Jewelers announced.
Initial public offering (IPO) consists of new equity issuance and total sales of ₹ 375 crore (OFS) offering of up to ₹ 800 crore of total equity.
Kalyan Jewelers promoter TS Kalyanraman is offloading up to 125 crore shares, while Warburg Pincus’ affiliate, Highdale Investment Ltd, will sell up to ₹ 250 crore through the off route.
The proceeds from the fresh issue will be used for working capital requirements and general corporate purpose.
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