SEBI showed the green flag to bring Rs 1,750 crore IPO to Kalyan Jewelers!


Kalyan Jewelers India Limited has got the green signal from market regulator SEBI to raise about Rs 1,75,000 crore through Initial Public Issue (IPO). According to the Red Herring Prospectus (DRHP) filed by the company, there are plans to raise up to Rs.1000 crore through the IPO through the issuance of new equity shares and Rs.750 crore through the sale offer (OFS) of the existing shares.

TS Kalyanraman, promoter of Kalyan Jewelers, will sell shares up to Rs 250 crore, while Highdale Investment Ltd will sell shares up to Rs 500 crore through OFS. Kalyan Jewelers sells gold and other jewelery products.