Retail investors dominates Kalyan IPO
Wed, Mar 17, 2021 8:43 AM

Retail investors dominates Kalyan IPO

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The Rs 1,175-crore Warburg Pincus-backed Kalyan Jewellers IPO was subscribed 60% on the first day on Tuesday led by retail investors. The issue received bids for 57.2 million shares against the 95.7 million shares on offer. The retail investors’ portion was subscribed 1.11 times, while non-institutional investors subscribed 20% of the shares reserved for them.

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