Earlier this month, Kalyan Jewelers’ initial public offer was subscribed 2.61 times.
Shares of Kalyan Jewelers India Ltd. listed against a issue price of yan 87 on Friday with a discount of 15% in their debut trade. Shares stock at 73.90, a 15.05% drop from the issue price on BSE. It further increased to 16 73 from 16.09%.
On the NSE, it started at SE 73.95, a discount of 15%. Its market valuation on BSE was 97,915.96 crores. Earlier this month, Kalyan Jewelers’ initial public offer was subscribed 2.61 times.
The price range for the offer of -1,175-crore was fixed at 87 86-87 per share. Kalyan Jewelers designs, manufactures and sells a wide range of gold, studded and other jewelery products.
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