Kalyan Jewellers IPO

Kalyan Jewellers IPO-Dates, Price band, Details

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Kalyan Jewellers IPO is all set to hit the Dalal street on 16 March 2021. The company aims for an issue size of ₹1,175Cr through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Kalyan Jewellers India Limited

Kalyan Jewellers is one of India’s largest Jewellery companies. The key business activities of the company is to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions i.e. wedding, festivals, etc.

Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located across 21 states and union territories in India. It not just serves the domestic market but also serves overseas customers with 30 showrooms located in the Middle East. The company generates a significant portion of revenues from gold jewelry, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewelry segments.

Objectives of the Issue

  • To finance business working capital requirements.
  • To meet general corporate purposes.

Competitive Strengths

  • Strong network distribution with global outreach.
  • One of India’s largest jewellery companies.
  • Experienced promoters and managers.
  • Trusted Jewellery brand.
  • Wide range of jewellery product offerings.

Basic details about the company

Full nameKalyan Jewellers India Limited
SectorDiamond and Jewellery
IndustryDiamond and Jewellery
Company Websitewww.kalyanjewellers.net

Dates to remember

IPO Open16 March 2021
IPO Close18 March 2021
Basis of Allotment23 March 2021
Refunds date24 March 2021
Credit to Demat Account25 March 2021
 Listing Date26 March 2021

IPO details

Issue typeBook Built Issue
Fresh Issue₹800 Crore
Offer for Sale₹375 Crore
IPO issue size₹1,175 Crore
Face value10 per equity share
Price band₹86 to ₹87 per equity share
Retail portion35%
Lot size172 Shares
Minimum application1 Lot-172 Shares
Maximum application13 Lot-2236 Shares
Minimum application amount₹14,964
maximum application amount₹194,532
Listing ExchangeBSE & NSE

Financial summary

ParticularsFor the year/period ended (₹ in millions)
Total Assets81,229.8882,186.8080,599.1485,512.31
Total Revenue55,497.98101,810.1698,140.29105,801.99
Profit After Tax(799.48)1,422.75(48.64)1,409.97

Valuation of Kalyan Jewellers (as of FY2020)

Earnings Per Share (EPS)₹1.49
Price/Earnings (PE ratio)57.71 – 58.38
Return on Net Worth (RONW)6.63%
Net Asset Value (NAV)₹25.71 per share

Company Promoters

  • Mr. T.S. Kalyanaraman
  • Mr. T. K. Seetharam
  • Mr. T. K. Ramesh

Lead Managers

  • Axis Capital Limited
  • BOB Capital Markets Limited
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • SBI Capital Markets Limited

Kalyan Jewellers IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: kalyan.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Kalyan Jewellers Contact Details

Kalyan Jewellers India Limited
TC-32/204/2, Sitaram Mill Road
Punkunnam, Thrissur
Kerala – 680 002
Phone: +91 487 24 37 333
Email: compliance@kalyanjewellers.net
Website: www.kalyanjewellers.net

Kalyan Jewellers IPO Allotment Status

Kalyan Jewellers IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

Kalyan Jewellers IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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