How To Apply For Kalyan Jewellers IPO

The subsequent IPO from the long list of upcoming IPOs is by Kalyan Jewellers. All those who know about it must be looking to answer the most basic question – How to apply for Kalyan Jewellers IPO?

Here, we will give you the answer to this query but before that, we need to know a little about the company bringing the IPO into the share market.

Kalyan Jewellers is a popular jewellery brand in India. It is headquartered in Thrissur, Kerala, and is well known across the country for beautiful and intricate jewelry designs.

It has a prominent presence across the country and also in the Gulf region.

The jewelry designs by Kalyan Jewellers depict Indian Heritage. The company is hoping to raise ₹1175 Cr through the Kalyan Jewellers IPO.

Now, let us focus on the question at hand – How to apply for Kalyan Jewellers IPO?

You can choose to do this process online and offline. Both of these have been discussed in detail below.

How To Apply For Kalyan Jewellers IPO Online?

All aspects of our lives have been digitalized and there is no doubt that IPO is also a part of it. To apply for an IPO, you must have an operational demat account with a stockbroker or depository participant.

You can apply through the online procedure by selecting either of the two options mentioned below:

• ASBA (Application Backed by Blocked Amount) Method
• UPI (Unified Payment Interface) Method

So, let us get into the details for both of these.

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▶️  How To Apply For Kalyan Jewellers IPO Using ASBA?

ASBA process can be done only if your bank is on the ASBA approved list prepared by the SEBI. Currently, there are more than 65 banks approved.

They include – State Bank of India, Union Bank of India, ICICI Bank, Citi Bank, HDFC Bank, etc.

In this method, the amount according to your bid is blocked in your bank account till the allotment process concludes. The steps to follow in this are as follows:

• Open the official website of your bank.
• Log in to your bank account using the net banking portal.
• Now, search for the Request button in the menu of the dashboard.
• Click on it.
• You will get redirected to the list of IPOs.
• Click on Kalyan Jewellers IPO apply button.
• Fill the IPO application with the details like bank account number, depository details, etc.
• Cross-check the application.
• Submit the form.

Your application is done. But, you must abide by a few rules to make sure that you can use the ASBA method. They are listed below:

• The maximum application amount does not exceed ₹2 Lakhs.
• You must have an active demat account.
• The IPO application should be under the general category and not the reservations provided by the company.
• The applied securities should be held in the demat account.
• The application should be made through a SEBI-approved bank.

Since the application is submitted, the corresponding amount will be blocked in your bank account. The amount will be unblocked or debited after the allotment process concludes.

Now let us discuss the method to apply for Kalyan Jewellers IPO through UPI.

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▶️  How To Apply For Kalyan Jewellers IPO Through UPI?

The UPI method of payment was incorporated into the IPO application process in 2019 after it became popular among Indian citizens. After you have created a UPI ID by registering on any UPI mobile application.

Now the steps to follows are listed below:

• Log into your trading platform.
• Open the IPO tab and click on Kalyan Jewellers IPO.
• Fill the IPO application form.
• In the payment section, enter your UPI ID.
• As you submit the form, you will receive a request in the UPI app to block the amount in your bank account.
• Approve the request to complete the process.

The amount will be blocked and you’ll receive the corresponding update.

Now, let us move forward to the discussion of the offline procedure.

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▶️ How To Apply For Kalyan Jewellers IPO Offline?

The answer to – How to apply for Kalyan Jewellers IPO offline is straightforward.

You have to visit your nearest bank branch and fill the form in person. Some details that you must have handy are as follows:

🖺 Bank Account Number

🖺 PAN Card Number

🖺 Demat Account Number

The payment is made via cheque and the amount is blocked till the allotment process concludes. Submit the form to the designated executive and the request will be processed through their portal.

With all this information, you must be pumped to subscribe to this IPO, right?

So, here are the Kalyan Jewellers IPO dates.

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Kalyan Jewellers IPO Date

Since the share market is all about taking the right step at the right time, you would not be willing to miss this much awaited IPO. So, here are all the details you need.

 

Now that we have piqued your interest in the IPO, you must be looking for the various prices. They are discussed in the following section.

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Kalyan Jewellers IPO Price

The prices related to an IPO are issue price, fresh issue size, offer for sale, price band, and its listing price. They are as follows:

 

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Should you Invest in Kalyan Jewellers IPO?

Kalyan Jewellers IPO has been among the most awaited IPOs. It is judged and analyzed on multiple aspects and GMP is one of them. The movement of GMP for this IPO has not been observed much.

It means that the Grey Market traders are not interested in buying the IPO shares. Further, the IPO is a part fresh issue and part offer for sale (OFS).

The company is raising capital to expand its operations and invest in the organization.

These things affect the IPO in a massive way. These are our observations and your perception and analysis of the company may vary. Take a decision that suits you and your investment plans.

Good luck and happy trading!

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Know the Upcoming IPO 2021 GMP