Kalyan Jewellers IPO closes today, Retail Investors numbers disappoint
Kalyan Jewellers IPO subscribed 1.21 times. The public issue subscribed 1.90 times in the retail category, 0.24 times in QIB, and 0.89 times in the NII category by Mar 17, 2021. According to some analysts, Kalyan Jewellers IPO allotment status is likely to be finalised on 23rd March and listing to happen on 26th March.
Avinash Gorakshkar, Director Research at ProfitMart Securities said that Kalyan Jewellers has expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states: Reuters