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Kalyan Jewellers IPO

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Objects of the Offer:
The IPO proceed will be utilized towards following purposes:

  • To meet the working capital requirements and
  • To meet general corporate purposes.
 
Backed-up by Warburg Pinus and Kerala based retail jewellery firm Kalyan Jewellers is likely to announce their IPO to raise additional capital. Kalyan Jewellers has filed DRHP for Rs 1,750 crore Initial Public Offer (IPO). Company's chairman and MD, T S Kalyanaraman has not committed any specific date for the IPO. Though the listing date is yet to be announced the company has started work on the IPO.

Kalyan Jewellers IPO Subscription Details

Company

Kalyan Jewellers

Issue Type

Book Building

Issue Size (In ` Crore)

₹1175.00

Lot Size

172 equity shares

Open Date

16 March, 2021

Close Date

18 March, 2021

Offer Price

₹86 to ₹88 per equity share

DRHP

Click here

Subscription Status

Category Subscription Status Shares Offered
Qualified Institutional 2.76 Times 27,279,068
Non Institutional 1.91 Times 20,459,303
Retail Individual 2.82 Times 47,738,372
Employee 3.74 Times 232,558
Others - -
Total 2.61 Times 95,709,301

Kalyan Jewellers IPO Subscription status (Day by Day)
Date QIB NII Retail Employee Total
Mar-16-2021 0.00x 0.20x 1.10x 1.15x 0.60x
Mar-17-2021 0.24x 0.89x 1.90x 1.91x 1.21x
Mar-18-2021 2.76x 1.91x 2.82x 3.74x 2.61x


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About Kalyan Jewellers IPO

Kalyan Jewellers India Limited is one of the largest jewellery companies in India based on revenue as of March 31, 2020. It is a pan-India jewellery company with 107 showrooms located across 21 states and union territories in India, and 30 showrooms located in the Middle East.

The company designs, manufactures, and sells a wide range of gold, studded, and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, to daily-wear jewellery.

Kalyan Jewellers was one of the first jewellery companies in India to voluntarily have all of its jewellery BIS hallmarked and accompanied by a detailed price tag detailing the price of various components used in the final product. This initiative along with customer education and awareness campaigns around the lack of transparency in the Indian jewellery industry has helped the brand become a trusted name in jewellery in India.

Kalyan Jewellers Financials


Particulars (Rs Cr)

FY18

FY19

FY20

Dec 2020

Total Assets

8,551

8,060

8,218

8,122

Total Income

10,580

9,814

10,181

5,549

Profit after Tax

141

(4.8)

14.2

(79.9)

Strengths:
  • The Indian jewellery industry has largely been unorganised and fragmented, comprising more than 500,000 local goldsmiths and jewellers, as per the Technopak Report. Indian jewellery customers have historically struggled with a lack of transparency embedded in the purchase process for jewellery, finding it difficult to verify gold purity and weight and to deconstruct the various components of jewellery prices, including differentiating between raw material costs and jeweller mark-ups or making charges. The company have endeavoured to establish a strong brand in the Indian jewellery market that our customers associate with trust and transparency. According to the Technopak Report, Kalyan Jewellers is among the pioneers in the Indian jewellery market in (a) educating consumers about the aforementioned industry issues; (b) instituting the highest quality standards for our jewellery, and (c) introducing complete price transparency with our products. Through the following initiatives, coupled with concurrent customer education and awareness campaigns, particularly through “My Kalyan” network, the company have helped strengthen its brand by building customer trust and promoting transparency.
  • Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report. We have a pan-India presence with 107 showrooms located across 21 states and union territories in India and also have 30 showrooms located in the Middle East, as of December 31, 2020. In Fiscal 2020 and in the nine months ended December 31, 2020, 78.19% and 86.21% of our revenue from operations was from India and 21.81% and 13.79% was from the Middle East.
  • The company has a hyperlocal strategy where it localizes its product portfolio, brand communication & strategy, showroom experience, and My Kalyan network, according to each market segment.

Strategies:
  • Leverage scalable business model to expand our showroom network and diversify our channels of distribution.
  • Widen product offerings to further increase our consumer reach.
  • Leverage “My Kalyan” network to deepen customer outreach and strengthen the distribution network in our core markets
  • Invest in CRM, marketing and analytics to more effectively target consumers and drive sales

How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the Kalyan Jewellers IPO in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request
    

Kalyan Jewellers IPO Frequently Asked Questions

Kalyan Jewellers Ltd is one of India's largest Jewellery companies that designs, manufacture and sell various types of gold, silver and other jewellery products is coming up with its Initial Public Offering on Tuesday, March 16 with the public issue comprising a issue size of up to ₹1175.00 crore.

You can apply for the Kalyan Jewellers IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Kalyan Jewellers IPO will open on March 16, 2021.

The Issue Size of Kalyan Jewellers IPO is of face value ₹10 aggregating ₹1175.00 Cr.

Kalyan Jewellers IPO Lot size is 172 equity shares, that means you can apply for one lot consisting 172 equity shares.

Shares of Kalyan Jewellers will be getting allotted on 23rd March, 2021.

Kalyan Jewellers Shares will be getting listed on 26th March, 2021.

Here is the minimum investment calculation of Kalyan Jewellers IPO
Lot size – 172 * Issue Price ₹87 = ₹14,964 Hence the minimum investment amount required to invest in Kalyan Jewellers IPO is 14,964 As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Kalyan Jewellers IPO is 14,964

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Contact Details of Kalyan Jewellers IPO

Company Contact Information

Kalyan Jewellers IPO
THRISSUR, KERALA Corporate Office Address : TC 32 / 204 / 2, ,
Sitaram Mill Road, Punkunnam,
Thrissur, Kerala 680 002.

Phone: +91 487 24 37 333
Email: compliance@kalyanjewellers.net
Website: https://www.kalyanjewellers.net/

Kalyan Jewellers IPO Lead Manager(s)

  • ICICI Securities
  • Citi Group
  • Axis Capital
  • SBI Capital

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Kalyan Jewellers IPO Note

Kalyan Jewellers India Limited is coming out with an IPO which opens on March 16, Know more details about Kalyan Jewellers India Limited IPO from 5Paisa.com Read More

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