Warburg Pincus-backed Kalyan Jewellers share sale through preliminary public providing (IPO) was subscribed 2.61 instances on the ultimate day of subscription, information from the National Stock Exchange confirmed. Kalyan Jewellers acquired 24.95 crore bids for 9.57 crore shares on the provide. A complete of 10.41 crore bids have been acquired on the cut-off worth, NSE information confirmed.
Portion reserved for retail buyers was subscribed 1.47 instances, non-institutional buyers portion was subscribed 97 per cent and portion for certified institutional buyers was subscribed 1.18 instances.
Kalyan Jewllers bought shares within the worth band of Rs 86-87 per share, which can fetch the corporate Rs 1,175 crore on the increased finish of the value band.
The main market provide consists of a recent difficulty of Rs 800 crore and a proposal on the market of Rs 375 crore.
Kalyan Jewellers will use the proceeds from the share sale for funding its working capital necessities and for normal company functions.
Citigroup Global Markets, Axis Capital, ICICI Securities, SBI Capital Markets and BOB Capital Markets have been the ebook working lead managers to the difficulty.
Among different IPOs Nazara Technologies was witnessing large demand as the difficulty was subscribed over 10.55 on the second day of the difficulty.
