 "Gold, jewellery, Jewellers")
Kerala-based jewellery chain Kalyan Jewellers has priced its initial public offer (IPO) at Rs 86-87 per share. The IPO will be open from March 16-18. The Rs 1,175-crore offer comprises of fresh fund raise worth Rs 800 crore and an offer for sale of Rs 375 crore.
Promoter TS Kalyanaraman is selling shares worth Rs 125 crore and Warburg Pincus is selling shares worth Rs 250 crore in the IPO. Kalyanaraman and Warburg hold 24.5 per cent and 32 per cent stake in the company, respectively. Kalyan Jewellers has reduced the IPO size. Earlier, it intended to do a Rs 1,750-crore
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