Why is Kalyan Jewellers IPO not good?
Singhvi said Kalyan Jewellers IPO pricing at a little lower level would have helped investors to make some money on listing. The company has kept valuations lower than Titan, however, the IPO is still overpriced at current offer which makes it unattractive for investors, says Singhvi.
Is Kalyan Jewellers IPO oversubscribed?
BENGALURU, March 18 (Reuters) – Kalyan Jewellers India Ltd’s (KALN. NS) initial public offering was oversubscribed by just 1.28 times on Thursday, a sign of tepid interest among investors unimpressed by the jeweller’s recent financial results and spooked by a drop in gold demand.
How can I invest in Kalyan Jewellers?
The minimum application size is kept at Rs14, 964, investors can bid for a minimum of 172 shares and multiples of 172 shares thereafter. TS Kalyanaraman, who is the company’s promoter will also sell shares worth Rs 125 crore. Highdell Investment Ltd will also sell shares worth Rs 250 through an offer.
How many times Kalyan Jewellers subscribe?
As of 3.50 p.m. The Kalyan Jewellers IPO was subscribed 2.56 times so far on day 3 of bidding. The IPO received bids for 24.50 crore shares as against an offer size of 9.57 crore shares.
What is the premium of Kalyan Jewellers?
The price band of the offer has been fixed at ₹86 to ₹87 per equity share. At the end of Day 1, the issue was 0.60 times subscribed. According to grey-market tracker Abhay Doshi, Kalyan Jewellers India shares are trading at a premium of ₹7.
At what price Kalyan Jewellers IPO will open?
₹86 to ₹87 per
Kalyan Jewellers IPO Details
| IPO Opening Date | Mar 16, 2021 |
|---|---|
| Face Value | ₹10 per equity share |
| IPO Price | ₹86 to ₹87 per equity share |
| Market Lot | 172 Shares |
| Min Order Quantity | 172 Shares |
Should I subscribe to Kalyan Jewellers?
“Going forward, we believe that the company would perform better on the back of a strong brand and number of stores in India and internationally. Thus, we recommend a ‘subscribe’ rating on the issue,” he added. Kalyan Jewellers (KJIL) is one of India’s largest jewellery companies.