Warburg Pincus-backed Kalyan Jewellers launches India IPO – Livemint

Warburg Pincus-backed Kalyan Jewellers India Ltd. will open an 11.75 billion-Indian-rupee IPO in a price band of 86 to 87 rupees per share from March 16 to March 18, Livemint reported March 11.

The IPO is composed of a fresh issue of shares totaling up to 8.0 billion rupees and an offer for sale of shares worth 3.75 billion rupees by the company's promoters and shareholders, according to the report.

Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets are the global coordinators and bookrunning lead managers for the IPO, according to the report.

As of March 10, US$1 was equivalent to 72.83 Indian rupees.