Kalyan Jewellers Makes Weak Market Debut, Lists At Discount Of 15%

The country's largest jewellery retailer - Kalyan Jewellers - made a weak stock market debut on Friday, the stock opened for trading at a discount of 15 per cent at Rs 73.95 against its issue price of Rs 87 per share. Kalyan Jewellers' share sale via initial public offering (IPO) was subscribed 2.61 times, data from the National Stock Exchange showed. Kalyan Jewellers received 24.95 crore bids for 9.57 crore shares on the offer.