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Kalyan Jewellers gets SEBI’s nod to float IPO

20 Oct 2020 Evaluate

Kalyan Jewellers India has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise an estimated Rs 1,750 crore through an Initial Public Offering (IPO). The IPO comprises issuance of fresh equity aggregating up to Rs 1,000 crore and an offer for sale (OFS) worth Rs 750 crore.

The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator’s approval on October 15. The proceeds from the fresh issue of shares would be utilised for working capital requirements and general corporate purpose. Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets are the global co-ordinators and book running lead managers to the offer.

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.

Kalyan Jewell.India Share Price

424.65 13.50 (3.28%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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Kalyan Jewell.India 424.65
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