Monday, March 15, 2021

Kalyan Jewellers IPO Subscription Numbers & Status | Should You Subscribe?

Kalyan Jewellers IPO subscription to start from 16 March 2021, Tuesday. The company to raise around 1175 crore via IPO. It is one of the biggest gold retailer in India and worldwide. Kalyan Jewellers grey market looks weak and stable around 10. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. They offer Rs.8 discount for the employee category. As the market is in a correction mode and the bunch of IPOs are there so we might have some lower numbers in subscription for this IPO.

IPOWatch View: We recommend investors to apply this IPO with risk. Stay tuned for the IPO.

Kalyan Jewellers IPO Subscription Status

(Fully Subscribed   )

Category Day 1 Day 2 Day 3
QIB 0.00x 0.24x 2.76x
NII 0.20x 0.89x 1.91x
RII 1.10x 1.90x 2.82x
EMP 1.15x 1.91x 3.74x
Total 0.59x 1.21x 2.61x
 

Day 1 Subscription Highlights:

The Kalyan IPO got a good response from the Retail category where the IPO subscribed 1.10x times while in QIB  0.00x times and NII 0.20x times. The things are looking good as overall subscription is 0.59x times. The grey market is not that good and the brokerage firm suggested the IPO as risky.

Day 2 Subscription Highlights:

It was a average subscription for the Kalyan Jewellers on the 2nd day. It was not looking good as the GMP is not well but still there is a chance that QIB and NII comes with a good numbers. The QIB was subscribed 0.24x times while NII was subscribed 0.89x times. The retail and employees comes at 1.90x times. The GMP stood at 8-9 level.

About Kalyan Jewellers IPO


Kalyan Jewellers IPO price band is fixed at ₹86 to ₹87 Per Share. The company to raise ₹1175 crore via IPO. The subscription will closes on 18 March 2021. The allotment will be on 23 March and listing will be on 26 March. Kalyan Jewellers minimum bid is 172 Shares with ₹14964 amount while maximum bid is 2236 shares with ₹194532.

About Company

We are one of the oldest business families in India with a family legacy of over a century in business, starting from as early as 1908. Started for the noble cause of nation-building and self-sustenance in a pre-independent India, the forefathers believed ethical, honest and transparent business practices should form the foundation of the group.

Having ventured into jewellery retailing in 1993 in Thrissur, Kerala, India, where we are headquartered, and as on June 30, 2020, we have 137 showrooms spread across India and GCC

Indian jewellery, its craftsmanship and variety is an amazing showcase of India’s heritage, culture and diversity. With a deep understanding of local tastes and preferences, Kalyan offers an array of traditional and contemporary jewellery designs in gold, diamonds, precious stones and other precious metals.

We at Kalyan have always believed that the customer needs to be educated and aware, as this is the first step in preventing malpractices in business. As a part of this philosophy we have conducted several campaigns over the years, to educate customers about purity, pricing and other aspects. These efforts of Kalyan have gone a long way in the industry, that is now becoming more transparent towards the customer’s interests. We believe that this is our legacy to the industry.

Inspired by the trust we have earned across varied markets, we will soon be expanding into new markets across India, GCC, USA, Singapore, Malaysia, Sri Lanka and more.

Kalyan Jewellers IPO Subscription FAQs:


When Kalyan Jewellers IPO Subscription will start?
The IPO subscription starts on 16 March 2021 for QIB, NII, and Retail Investors.

How much Kalyan Jewellers IPO subscribed?
The IPO subscribed 2.61x times on day 3.

What is Kalyan Jewellers IPO Retail subscription status?
The RII subscription is 2.82x on day 3.

How to subscribe Kalyan Jewellers IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

How do i check live Kalyan Jewellers IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.