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Kalyan Jewellers India Limited raises₹351.89crore from 15 anchor investors at the upper price band of ₹87 per equity share

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Government of Singapore and Monetary Authority of Singapore are some of the key marquee investors in the anchor book

  • Kalyan Jewellers IndiaLimitedallocates 40,448,275equity shares at the upper price band of ₹87 per equity share
  • Non-anchor offer to open on Tuesday, March 16, 2021 to Thursday, March 18, 2021
  • Government Of Singapore Sundaram MF, HDFC Life Insurance Company Limited, Calypso Global Investment Fund, Segantii India Mauritius, Kuber India Fund, Moon Capital Trading PTE. Ltd, Edelweiss Crossover Opportunities Fund (Series-II), Baroda Large & Mid-Cap Fund, BNP Paribas Arbitrage – ODI, Cohesion Mk Best Ideas Sub-Trust were part of the anchor allotment.

 

Kalyan Jewellers India Limited (the “Company’), one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report, allotted 40,448,275 equity shares to 15 anchor investors andraised₹351.89crore ahead of the company’s proposed IPOat the upper price band of ₹87 per equity share.

 

The anchor allocation as follows:

S. No Name of the anchor investor % of anchor investor portion
1 Government Of Singapore 29.00%
2 Sundaram Mutual Fund A/C Sundaram Mid Cap Fund 18.18%
3 Calypso Global Investment Fund 14.21%
4 Monetary Authority Of Singapore 5.11%
5 Sundaram Mutual Fund A/C Sundaram Rural And Consumption Fund 3.98%
6 Segantii India Mauritius 3.98%
7 Kuber India Fund 3.98%
8 Moon Capital Trading PTE. Ltd. 3.98%
9 Edelweiss Alternative Investment Opportunities Trust-Edelweiss Crossover Opportunities Fund-Series II 3.98%
10 Sundaram India Midcap Fund 2.84%
11 HDFC Life Insurance Company Limited 2.84%
12 Baroda Large And Mid-Cap Fund 2.84%
13 BNP Paribas Arbitrage – ODI 2.84%
14 Cohesion Mk Best Ideas Sub-Trust 1.68%
15 Sundaram Mutual Fund A/C Sundaram Balanced Advantage Fund 0.58%

 

The Offer comprises initial public offering of Equity Shares of the Company aggregating up to ₹11,750 million, comprising (a) a fresh issue aggregating up to ₹8,000 million (“Fresh Issue”); and (b) an offer for sale aggregating up to ₹3,750 million, comprising offer for sale of Equity Shares aggregating up to ₹1,250 million by Mr. T.S. Kalyanaraman (“Promoter Selling Shareholder”) and offer for sale of Equity Shares aggregating up to ₹2,500 million by Highdell Investment Ltd (“Investor Selling Shareholder” and together with the Promoter Selling Shareholder, the “Selling Shareholders”).

 

The Offer includes a reservation aggregating up to ₹20 million, for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.

 

Bids can be made for a minimum of 172 Equity Shares and in multiples of 172 Equity Shares thereafter.

 

Axis Capital Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the Global Co-ordinators and Book Running Lead Managers to the Offer. BOB Capital Markets Limited is the Book Running Lead Manager to the Offer.

 

Courtesy : Retail Jeweller India News Service

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