Tuesday, April 13, 2021

Kalyan Jewellers IPO Details

Kalyan Jewellers IPOKalyan 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)

  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: 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: 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


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: 23 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) 


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