Kalyan Jewellers shares list at 15% discount


Kalyan Jewellers initial public offer was subscribed 2.61 times earlier this month.

Shares of Kalyan Jewellers India Limited listed at a discount of 15% in its debut trade on Friday against an issue price of โ‚น87. The stock listed at โ‚น73.90, a decline of 15.05% from the issue price on BSE. It further tumbled 16.09% to โ‚น73.

On NSE, it debuted at โ‚น73.95, a discount of 15%. Its market valuation was at โ‚น7,915.96 crore on BSE. Kalyan Jewellers initial public offer was subscribed 2.61 times earlier this month.

Price range for the โ‚น1,175-crore offer was fixed at โ‚น86-87 per share. Kalyan Jewellers designs, manufactures, and sells a wide range of gold, studded and other jewellery products.

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