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.
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.
- 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 name||Kalyan Jewellers India Limited|
|Sector||Diamond and Jewellery|
|Industry||Diamond and Jewellery|
Dates to remember
|IPO Open||16 March 2021|
|IPO Close||18 March 2021|
|Basis of Allotment||23 March 2021|
|Refunds date||24 March 2021|
|Credit to Demat Account||25 March 2021|
|Listing Date||26 March 2021|
|Issue type||Book Built Issue|
|Fresh Issue||₹800 Crore|
|Offer for Sale||₹375 Crore|
|IPO issue size||₹1,175 Crore|
|Face value||10 per equity share|
|Price band||₹86 to ₹87 per equity share|
|Lot size||172 Shares|
|Minimum application||1 Lot-172 Shares|
|Maximum application||13 Lot-2236 Shares|
|Minimum application amount||₹14,964|
|maximum application amount||₹194,532|
|Listing Exchange||BSE & NSE|
|Particulars||For the year/period ended (₹ in millions)|
|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|
- Mr. T.S. Kalyanaraman
- Mr. T. K. Seetharam
- Mr. T. K. Ramesh
- 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
Kalyan Jewellers Contact Details
Kalyan Jewellers India Limited
TC-32/204/2, Sitaram Mill Road
Kerala – 680 002
Phone: +91 487 24 37 333
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.
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.