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 jewellery, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewellery segments.
Competitive strengths
- One of India's largest jewellery companies.
- Trusted Jewellery brand.
- Strong network distribution with global outreach.
- Wide range of jewellery product offerings.
- Experienced promoters and managers.
Company Promoters:
Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 81,229.88 | 82,186.80 | 80,599.14 | 85,512.31 | |
| Total Revenue | 55,497.98 | 101,810.16 | 98,140.29 | 105,801.99 | |
| Profit After Tax | (799.48) | 1,422.75 | (48.64) | 1,409.97 | |
Objects of the Issue:
The IPO proceed will be utilized towards the following business purposes;
- To finance business working capital requirements.
- To meet general corporate purposes.
Kalyan Jewellers IPO Details
| IPO Opening Date | Mar 16, 2021 |
| IPO Closing Date | Mar 18, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹86 to ₹87 per equity share |
| Market Lot | 172 Shares |
| Min Order Quantity | 172 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹1,175.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹800.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹375.00 Cr) |
| Employee Discount | 8 |
Kalyan Jewellers IPO Tentative Timetable
The Kalyan Jewellers IPO open date is Mar 16, 2021, and the close date is Mar 18, 2021. The issue may list on Mar 26, 2021.
| IPO Open Date | Mar 16, 2021 |
| IPO Close Date | Mar 18, 2021 |
| Basis of Allotment Date | Mar 23, 2021 |
| Initiation of Refunds | Mar 24, 2021 |
| Credit of Shares to Demat Account | Mar 25, 2021 |
| IPO Listing Date | Mar 26, 2021 |
Kalyan Jewellers IPO Lot Size
The Kalyan Jewellers IPO market lot size is 172 shares. A retail-individual investor can apply for up to 13 lots (2236 shares or ₹194,532).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 172 | ₹14,964 |
| Maximum | 13 | 2236 | ₹194,532 |
Kalyan Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 67.99% |
| Post Issue Share Holding | 60.53% |
Kalyan Jewellers IPO Subscription Status (Bidding Detail)
The Kalyan Jewellers IPO is subscribed 1.47x times on Mar 18, 2021 11:49. The public issue subscribed 2.15x in the retail category, 0.65x in the QIB category, and 0.94x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 2.76x |
| NII | 0.94x |
| RII | 1.91x |
| Employee | 3.74x |
| Total | 2.61x |
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda |
| 18 MAR 2021 | 7 | ||
| 17 MAR 2021 | 7 | 250 | ₹N/A |
| 16 MAR 2021 | 7 | 250 | ₹N/A |
| 15 MAR 2021 | 8 | 250 | ₹N/A |
| 14 MAR 2021 | 8 | ₹N/A | ₹N/A |
| 13 MAR 2021 | 8 | 250 | ₹N/A |
| 12 MAR 2021 | 5 | ₹N/A | ₹N/A |
| 11 MAR 2021 | 10 | ₹N/A | ₹N/A |
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