Kalyan Jewellers IPO: Price band, lot size to listing date, top 10 things about new IPO that you must know about

Kalyan Jewellers IPO: The much awaited Kalyan Jewellers IPO (Initial Public Offer) is going to open for subscription from 16th March 2021 and the upcoming IPO in March 2021 will remain open for IIPO bidders till 18th March 2021. With this public issue, the trusted jewellery brand aims to raise Rs 1,175 crore through the public issue that comprises a fresh issue of Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore. As per the promoters of the Kalyan Jewellers, the money raised through the upcoming IPO of the well known jewellery brand will be used for financing the business working capital requirements of the company and meet the general corporate purposes.

However, before bidding for the Kalyan Jewellers IPO, bidders must know the facts like IPO price band, lot size, cut off amount, etc. as these are the important information that one wants to know before bidding for any IPO. So, we list out the top 10 Kalyan Jewellers IPO information that would be useful for the upcoming IPO bidders.

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Kalyan Jewellers IPO Price Band
Kalyan Jewellers IPO price band has been fixed at Rs 86-87 means promoters of the company have fixed Kalyan Jewellers share price at Rs 86-87.

Kalyan Jewellers IPO Lot Size
The market lot of the Kalyan Jewellers IPO is 172 Kalyana Jewellers shares.

Kalyan Jewellers IPO Cut off amount
Since, one can bid for the upcoming IPO in March 2021 in lots and Kalyan Jewellers IPO lot size is of 172 shares, one will require a minimum of Rs 14,964 to bid for the Kalyan Jewellers IPO.

Cap on bidding for  Kalyan Jewellers IPO
One can bid for a minimum of one lot while one can bid for the maximum 13 lots. So, one can maximum invest Rs 1,94,532 in Kalyana Jewellers IPO.

Kalyan Jewellers IPO Allotment Date
Basis of Allotment Date for the Kalyan Jewellers IPO is 23rd March 2021.

Initiation of Refund
Those who unfortunately fail to get Kalyan Jewellers shares in their Demat Account after finalisation of the allotment, for them initiation of refund will be done on 24th March 2021.

Credit of Kalyana Jewellers Shares
After Kalyan Jewellers IPO allotment, Kalyan Jewellers share will be transferred into the Demat Account of the allottees on 25th March 2021.

Kalyan Jewellers IPO Listing Date
The tentative Kalyan Jewellers IPO Listing date is 26th March 2021.

Book Running Lead Managers
Axis Capital, Citigroup Global Markets India, ICICI Securities, SBI Capital Markets and BOB Capital Markets are acting as book running lead managers to the issue.

Kalyan Jewellers IPO Listing
Kalyan Jewellers IPO listing will be done at both BSE and NSE.