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Short Note about Kalyan Jewellers India Limited:
Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report. The company is established by its founder and one of the Promoters, Mr. T.S. Kalyanaraman, who has over 45 years of retail experience, of which over 25 years is in the jewellery industry. It 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 have an international presence with 30 showrooms located in the
Middle East as of June 30, 2020. All of its showrooms are operated and managed by the company. In Fiscal 2020, its revenue from operations was Rs101,009.18 million, of which 78.19% was from India and 21.81% was from the Middle East.
Its total showrooms have increased from 77 as of March 31, 2015 to 137 showrooms as of June 30, 2020, and it intends to continue to open additional showrooms as it expects significant opportunity for
further penetration in its existing markets as well as in new markets, primarily in India. Middle East as of June 30, 2020. All of its showrooms are operated and managed by it. In Fiscal 2020, its revenue from operations was Rs101,009.18 million, of which 78.19% was from India and 21.81% was from the Middle East. Its total showrooms have increased from 77 as of March 31, 2015 to 137 showrooms as of June 30, 2020, and it intends to continue to open additional showrooms as we expect significant opportunity for further penetration in its existing markets as well as in new markets, primarily in India.
It also sells jewellery through its online platform at www.candere.com.
Kalyan Jewellers 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, which is its highest-selling product category, to daily-wear jewellery.
In Fiscal 2020, 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
Some of the qualitative factors which form the basis for computing the Offer Price are:
* Established brand built on the core values of trust and transparency;
* One of India’s largest jewellery companies with a pan India presence;
* Hyperlocal strategy enabling us to cater to a wide range of geographies and customer segments;
* Extensive grassroots “My Kalyan” network with strong distribution capabilities enabling deep customer outreach;
* Visionary Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors;
* Wide range of product offerings targeted at a diverse set of customers; and
* Robust and effective internal control processes to support a growing organisation and showroom network with a pan India presence.
The promoters of Kalyan Jewellers India Limited:
MR. T.S. KALYANARAMAN, MR. T.K. SEETHARAM AND MR. T.K. RAMESH
Main object of the issue of Kalyan Jewellers India Limited:
The Offer comprise of a Fresh Issue and an Offer for Sale.
Our Bank proposes to utilize the Net Proceeds from the Offer towards augmenting capital requirements.
IPO Particulars of Kalyan Jewellers India Limited:
IPO Opens on : ? 2020
IPO Closes on : ? 2020
Issue Type: Book Built Issue IPO
Offer Up to [?] Equity Shares aggregating up to Rs 1750 crore
(i) Fresh Issue Up to [?] Equity Shares aggregating up to Rs 10,00 crore
(ii) Offer for Sale Up to [?] Equity Shares aggregating up to Rs 750 crore
Issue Size Rs. 1750 Crore
Fresh Issue : Rs. 1000 crore
Offer for Sale : Rs. 750 crore
Face Value per share : Rs. 10
Price Band: Per Equity Share: Rs. ?
Minimum Order Quantity: ? Shares
Listing will at: BSE,NSE
Shares offered to
Anchors ? Shares = INR ? Crs
QIB ? Shares = INR ?Crs
NII ?Shares = INR ?Crs
RII ?Shares = INR ?Crs (Lot size: 20 = ? Forms)
? – Price Band announced
? – Anchor List
? – Offer Opens
? – Offer Closes
?– Finalisation of Basis of Allotment
?– Unblocking of ASBA
?– Credit to Demat Accounts
?– Listing on NSE & BSE
Financial snapshot Kalyan Jewellers India Limited:
Earnings per Share 2018-19 Rs (-) 0.04
Earnings per Share 2019-20 Rs 1.70
Book Value of the Share as on 30.09.2019 Rs 23.34
Return on Net Worth: 18-19 (-) 0.18 %
Return on Net Worth: 19-20 6.63 %
NAV as on 31 March 2020 Rs. 25.71
Equity Shares outstanding prior to the Issue : 839,241,600
Equity Shares outstanding subsequent to the Issue :
Upper Price Band/last EPS: ?
Upper offer price/Book Value Ratio:
Titan PE Ratio 61.69 RoNW22.38
Lead Managers of Kalyan Jewellers India Limited:
Axis Capital Limited
Citigroup Global Markets India Private Limited
ICICI Securities Limited
SBI Capital Markets Limited
BOB Capital Markets Limited
Registrar to the IPO :
Link Intime India Private Limited
Registered Office of Kalyan Jewellers India Limited :
Sitaram Mill Road,
Kerala – 680 002
Mr. Jishnu R.G.,
Company Secretary and Compliance Officer
Total Subscription of Kalyan Jewellers India Limited:
on Day 1(on 00.00.2020 at 17.00 IST)
QIB : shares offered:xx Subscribed
NII : Shares offered: xx Subscribed : xx
RII : Shares offered : XX Subscribed : xx
Total : Shares offered :XX Subscribed : xx