Kalyan Jewelers IPO: Check whether you get shares or not by clicking on this link

Kalyan Jewellers IPO: Allotment of shares of the country’s largest jewelery company has been finalized. The company’s issue was subscribed 2.61 times till the last day. If you have also invested in the IPO of Kalyan Jewelers, then you can check your allotment status. The company’s issue opened on March 16 and closed on March 18. The company wants to raise Rs 1175 crore through its issue.

Today, the fund will be returned to the people who will not be allotted shares. The shares will be transferred on March 25 to the demat account of those who have been allotted shares. Kalyan Jewelers shares will be listed on 26 March.

You can check allotment status before coming to a demat account.

Check status on BSE in this way

First click on this link of BSE- https://bit.ly/2MePtmI

After this, click on Equity and select Kalyan Jewelers.

Now enter your application number and PAN.

After this press Enter and check your status.

How to check status with Link Intime

First click on this link- https://bit.ly/3uoWvGQ

Then select the IPO name.

After this enter your DP ID / Client ID or PAN.

If you select the application number option, first you have to select the application type (ASBA or Non ASBA) and then enter the application number.

If you have chosen DP ID or Client ID, then first you have to choose your depository NSDL or CDSL. After this you have to enter your ID.

After this, you will submit captcha and submit your status.

How was the subscription

24.95 crore shares have been bid till the last day in lieu of 9.57 crore shares of the company. The company raised Rs 351.89 crore from anchor investors on March 15, even before the issue opened. The price band of the company’s issue was 86–87 rupees per share.

The reserve share for qualified institutional buyers is subscribed 2.76 times. The same non-institutional investors have been booked 1.91 times. Retail investors’ share is 2.82 times. While the reserve portion for employees is subscribed 3.74 times.

Kalyan Jewelers issued a fresh issue of Rs 800 crore. While 375 crore shares have been sold through the offer for sale.

Kalyan Jewelers is the largest jewelery company in the country in terms of revenue up to March 2020.

Kalyanraman holds 27.41 per cent in the jewelery company and 24 per cent stake in Highdale Investment. The company will use the funds raised from the issue for the next two years.

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