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Kalyan Jewellers shares list at 15% discountThe stock listed at Rs 73.90, a decline of 15.05 per cent from the issue price on BSE. It further tumbled 16.09 per cent to Rs 73
PTI
Last Updated IST
Credit: Facebook/KalyanJewellersIndia
Credit: Facebook/KalyanJewellersIndia

Shares of Kalyan Jewellers India Ltd listed at a discount of 15 per cent in its debut trade on Friday against an issue price of Rs 87.

The stock listed at Rs 73.90, a decline of 15.05 per cent from the issue price on BSE. It further tumbled 16.09 per cent to Rs 73.

On NSE, it debuted at Rs 73.95, a discount of 15 per cent.

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Its market valuation was at Rs 7,915.96 crore on BSE.

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

Price range for the Rs 1,175-crore offer was fixed at Rs 86-87 per share.

Kalyan Jewellers designs, manufactures, and sells a wide range of gold, studded and other jewellery products.

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(Published 26 March 2021, 12:20 IST)