{"id":607,"date":"2020-10-21T09:15:10","date_gmt":"2020-10-21T09:15:10","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=607"},"modified":"2022-01-31T13:38:33","modified_gmt":"2022-01-31T13:38:33","slug":"kalyan-jewellers-received-green-signal-from-sebi-to-raise-rs-1750-crores","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/kalyan-jewellers-received-green-signal-from-sebi-to-raise-rs-1750-crores\/","title":{"rendered":"Kalyan Jewellers received green signal from SEBI to raise Rs. 1,750 crores"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>The wave of IPO\u2019s is not finding any resistance as Kalyan\nJewellers has received green signal from SEBI to raise Rs. 1,750 crore through initial\nshare sale. The issue size of Rs. 1,750 crores is a mix of offer for sale and\nfresh issue. According to Draft Red Herring Prospectus, the issue comprises of\nRs. 1,000 crores to be raised from issuance of fresh equity while the residual\namount of Rs.750 crores will be an Offer for Sale. The promoters of the company\nT S Kalyanraman and Highdell Investments are offloading their stake worth of\nRs. 250 rores and Rs. 500 crores respectively. The net proceeds from issuance\nof shares worth of Rs. 1,000 crores will be utilized for taking care of working\ncapital requirements and general corporate purposes.<\/p>\n\n\n\n<p>Indian family culture is known for purchasing gold on every\nauspicious occasion and Kalyan Jewellers have strong footprints in the Indian\ngold ornaments market since 1993. The company has deep understanding of India\u2019s\ntaste and preferences in jewellery designs of gold, diamond, precious stones\nand other precious metals. The jewellery-maker has always worked in the\ninterest of customer needs and awareness. The company has conducted several campaigns\nto educate customers about pricing, purity and other aspects. As on June 2020,\nthe company has 137 showrooms across India and GCC. &nbsp;The company has expanded its business across\nIndia, GCC, USA, Singapore, Malaysia, Sri Lanka and more.<\/p>\n\n\n\n<p>On the financial front, the company had reported 1,422.75\ncrores net profit this year. The company do not claims the tag of debt-free as\na whooping amount of Rs. 782.9 crores in the form of non-current liability is occupied\nin balance sheet. In the listed space, the company will face tough competition\nfrom largest player Titan, PC Jewellers, Rajesh Exports and Thangamayil.<\/p>\n\n\n\n<p>Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets are the global coordinators and book running lead managers to the offer.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.invest19.com\/blog\/esaf-bank-ipo-will-hit-the-primary-market-on-oct-20-should-you-subscribe\/\">ESAF Bank IPO will hit the primary market on Oct 20. Should you Subscribe ?<\/a><\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 3,635<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"607\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">2    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The wave of IPO\u2019s is not finding any resistance as Kalyan Jewellers has received green signal from SEBI to raise Rs. 1,750 crore through initial [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/kalyan-jewellers-received-green-signal-from-sebi-to-raise-rs-1750-crores\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,70],"tags":[],"class_list":["post-607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=607"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/607\/revisions"}],"predecessor-version":[{"id":609,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/607\/revisions\/609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/608"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}