kalyan jewellers ipo: Kalyan Jewellers raises Rs 352 crore from anchor investors

Mumbai: Kalyan Jewellers on Monday raised Rs 351.89 crore from anchor investors ahead of its Rs 1,175-crore initial public offering which opens for subscription on Tuesday.

The company allocated 4.04 crore shares at Rs 87 per share to 15 anchor investors. The anchor allocation was done at the higher end of the IPO price band of Rs 86-Rs 87 per share.

The anchor investors include Government of Singapore, Monetary Authority of Singapore, Arbitrage, Sundaram MF, Kuber India Fund, Alternative Investment Opportunities Trust and Insurance Company.