Kalyan Jewellers IPO Details
Kalyan Jewellers IPO description – Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of 31 March 2020. The company started its jewellery business in 1993 with a single showroom in Thrissur, Kerala. It has since expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also has an international presence with 30 showrooms located in the Middle East as of 30 June 2020. All of its showrooms are operated and managed in-house. The company intends to continue to open additional showrooms as it expects significant opportunity in India. It also sells jewellery through its online platform at www.candere.com.
In FY2020, 78.19% of its revenue was from India and 21.81% was from the Middle East. In the same year, 74.77% of its revenue from operations was from the sale of gold jewellery, 23.36% was from the sale of studded jewellery (which includes diamonds and precious stones), and 1.87% was from the sale of other jewellery.
Promoters of Kalyan Jewellers – Mr T S Kalyanaraman, Mr T K Seetharam and Mr T K Ramesh
| Kalyan Jewellers IPO details | |
| Subscription Dates | 16 – 18 March 2021 |
| Price Band | INR86 – 87 per share |
| Fresh issue | INR800 crores |
| Offer For Sale | INR375 crore |
| Total IPO size | INR1,175 crores |
| Minimum bid (lot size) | 172 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
Kalyan Jewellers’ financial performance (in INR crore) |
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| Â | FY2018 | FY2019 | FY2020 | 9M FY2021 |
| Revenue | 10,580.2 | 9,814.0 | 10,181.0 | 5,549.8 |
| Expenses | 10,366.4 | 9,793.1 | 9,960.1 | 5,608.9 |
| Net income | 102.8 | 24.7 | 144.6 | -81.3 |
| Margin (%) | 1.0 | 0.3 | 1.4 | -1.5 |
Registrar of Kalyan Jewellers IPO
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: [email protected]
Website:Â 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: [email protected]
Website:Â www.kalyanjewellers.net
Valuation of Kalyan Jewellers (as of FY2020)
Earnings Per Share (EPS): INR1.49
Price/Earnings (PE ratio): 57.71 – 58.38
Return on Net Worth (RONW): 6.63%
Net Asset Value (NAV): INR25.71 per share
Kalyan Jewellers IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 2,72,79,068 | 0.00 | 0.24 | 2.75 |
| NII | 2,04,59,303 | 0.20 | 0.88 | 1.91 |
| Retail | 4,77,38,372 | 1.11 | 1.89 | 2.81 |
| Employees | 2,32,558 | 1.15 | 1.91 | 3.74 |
| Total | 9,57,09,301 | 0.60 | 1.21 | 2.61 |
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Kalyan Jewellers IPO Analyst Reviews
Angel Broking – Subscribe
Antique Broking – Avoid
BP Wealth – Avoid
Choice Broking – Avoid
Elite Wealth – Listing Gain
Geojit Financial Services – Subscribe
SMC Global – 2/5
Ventura Securities – Not Rated
Kalyan Jewellers IPO Allotment Status
Kalyan Jewellers IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Kalyan Jewellers
IPO Opening Date: 16 March 2021
IPO Closing Date: 18 March 2021
Finalisation of Basis of Allotment: 23Â March 2021
Initiation of refunds: 24 March 2021
Transfer of shares to demat accounts: 25 March 2021
Listing Date: 26 March 2021
Opening Price on NSE: INR73.95 per share (down 15% from IPO price)
Closing Price on NSE: INR75.2 per share (down 13.56% from IPO price)Â
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