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Kalyan Jewellers' IPO gets subscribed 1.22 times on Day 2

The retail portion has been subscribed 1.92 times

Kalyan Jewellers
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T E Narasimhan Chennai
Kalyan Jewellers India, one of the largest jewellery chains, got an overall subscription of 1.22 times on the second day of its IPO.

The retail portion received a great response and has been subscribed 1.92 times on the second day.

The portion set aside for non-institutional investors was subscribed 90 percent, and qualified institutional buyers have put in 25 percent bids.

The company also raised Rs 352 crore from its anchor book subscription ahead of the IPO, allocating 40,448,275 equity shares to 15 anchor investors and at the upper price band of Rs 87 per equity share.

Some of the marquee anchor investors include

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