Latest News | BIZ-STOCKS-KALYAN JEWELLERS Kalyan Jewellers Shares List at 15 Pc Discount
Get latest articles and stories on Latest News at LatestLY. Shares of Kalyan Jewellers India Ltd listed at a discount of 15 per cent in its debut trade on Friday against an issue price of Rs 87.
New Delhi, Mar 26 (PTI) Shares of Kalyan Jewellers India Ltd listed at a discount of 15 per cent in its debut trade on Friday against an issue price of Rs 87.
The stock listed at Rs 73.90, a decline of 15.05 per cent from the issue price on BSE. It further tumbled 16.09 per cent to Rs 73.
On NSE, it debuted at Rs 73.95, a discount of 15 per cent.
Its market valuation was at Rs 7,915.96 crore on BSE.
Kalyan Jewellers initial public offer was subscribed 2.61 times earlier this month.
Price range for the Rs 1,175-crore offer was fixed at Rs 86-87 per share.
Kalyan Jewellers designs, manufactures, and sells a wide range of gold, studded and other jewellery products.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)