The company believes a significant driver of recent revenue growth momentum in India has been a meaningful shift in consumer demand from the unorganis
On the BSE, Kalyan Jewellers India opened at Rs 73.90, Rs 13.10 below its issue price marking a discount of 15.06%.
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The initial public offer of Kalyan Jewellers India received bids for 11,56,77,912 shares against 9,57,09,301 shares on offer
Most analysts have given Kalyan Jewellers IPO 'Subscribe' for a long term rating on the back of brand recall and a strong pan India presence.
Ahead of the IPO, the shares were quoting at a premium of Rs 7.5 or close to 9% in the grey market.
The IPO may face challenges amid volatile gold prices and sales that impact retail chains
After having hit a rough patch during the pandemic, the jewellery retail chain, which received Sebi nod on October 15, plans to hit the market before