Home / Markets / IPO / Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector

Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector

Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus

Premium

Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to Technopak report.

Sundar Sethuraman Thiruvananthapuram

2 min read Last Updated : Aug 24 2020 | 10:42 PM IST

Kerala-based Kalyan Jewellers India has filed its offer document with the Securities and Exchange Board of India (Sebi) for a Rs 1,750-crore initial public offering (IPO).

The issue comprises fresh fundraise of Rs 1,000 crore and Rs 750-crore secondary share sale by promoter T S Kalyanaraman and private equity firm Warburg Pincus. This IPO will be the biggest by a jewellery retail brand in the domestic market.

Axis Capital, Citibank, ICICI Securities, SBI Caps, and BoB Capital Markets are the investment bankers handling the issue. Kalyan Jewellers plans to use Rs 1,000 crore to fund its working capital and for other corporate

Topics : Kalyan Jewellers IPO Securities and Exchange Board of India Sebi initial public offering IPO axis capital Citibank ICICI Securities

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in