Kalyan Jewellers IPO price fixed in Rs 86-87 range

Warburg Pincus-backed Kalyan Jewellers has fixed a price band of Rs 86 to Rs 87 per equity share for its initial public offer (IPO), which will open for subscription on March 16. The IPO, which constitutes 13% of Kalyan’s fully diluted equity, values the retail jeweller at Rs 8,961 crore at the higher end of the price band.

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