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Kalyan Jewellers India Limited IPO (Kalyan Jewellers IPO) Detail

Kalyan Jewellers India Limited IPO (Kalyan Jewellers IPO) Detail

Kalyan Jewellers India Limited IPO (Kalyan Jewellers IPO) Detail

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:

ParticularsFor the year/period ended (₹ in millions)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets81,229.8882,186.8080,599.1485,512.31
Total Revenue55,497.98101,810.1698,140.29105,801.99
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 DateMar 16, 2021
IPO Closing DateMar 18, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹86 to ₹87 per equity share
Market Lot172 Shares
Min Order Quantity172 Shares
Listing AtBSE, 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 Discount8

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 DateMar 16, 2021
IPO Close DateMar 18, 2021
Basis of Allotment DateMar 23, 2021
Initiation of RefundsMar 24, 2021
Credit of Shares to Demat AccountMar 25, 2021
IPO Listing DateMar 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1172₹14,964
Maximum132236₹194,532

Kalyan Jewellers IPO Promoter Holding

Pre Issue Share Holding67.99%
Post Issue Share Holding60.53%

Kalyan Jewellers IPO Subscription Status (Bidding Detail)

The Kalyan Jewellers IPO is subscribed 0.22x times on Mar 16, 2021 11:59. The public issue subscribed 0.43x in the retail category, 0.00x in the QIB category, and 0.04x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB
0.00x
NII
0.04x
RII
0.43x
Employee
0.03x
Total

0.22x