Kalyan Jewellers IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is March 26th, 2021… the day on which this IPO is getting listed.
on Day 3(on 18.03.2021 at 5.00 pm)
QIB: 27279068 Sh: 2..76 T
NII : 20459303 Sh : 1.91 T
RII : 47738372 Sh : 2.81 T
Tot : 95709301 Sh : 2.61 T
These clearly indicate so-so reponse from NII as well as RII investors.
Small note about the company
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.
Kalyan Jewellers IPO allotment Price is Rs. 87
Kalyan Jewellers IPO Latest GMP #
On 26 March 2021
Grey Market Premium Rs. 0
NII investors’ Cost:
The allotment is liberal .Interest cost to the NII investors is Rs. 0.22 per share
Kalyan Jewellers Ltd Financial Details :
Earnings per Share 2018-19 Rs (-) 0.04
Earnings per Share 2019-20 Rs 1.70
Earnings per Share 2020-21 9M (-)Rs 0.96
Upper Price Band/last EPS: 51.18
Upper offer price/Book Value Ratio: 3.55
Kalyan Jewellers IPO, Estimate of Listing price :
Jewellary companies doesnot enjoy high valuation. The IPO is offered at reasonable valuation
Compared to Peer group scrips, the allotment price is at reasonable valuation.
However , last 3 IPOs have shown disappointing listings, and today Black Friday is feared the scrip, we believe is expected
1) to get listed at Rs. 86 ( if the Sensex on 26th is in Strong Green zone) or
2) to get listed at Rs. 80 ( if the Sensex on 26th is in Strong Red zone)
and during the intraday may show somewhat higher price , may be Rs. 88
One may retain the scrip with long term angle
(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)
To Study Kalyan Jewellers IPO Listing Estimate @