Kalyan Jewellers IPO @ Chanakyanipothi.com ,India`s Oldest & most Trusted Investment Blog.
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Kalyan Jewellers IPO GMP Today:
GMP : Nil
Fix Application : Rs. No Trades
Subject to : Rs. NIL
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Kalyan Jewellers India Limited Company Details :
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
Qualitative Factors
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.
for More Study. www.kalyanjewellers.net
The promoters of Kalyan Jewellers India Limited:
MR. T.S. KALYANARAMAN, MR. T.K. SEETHARAM AND MR. T.K. RAMESH
Kalyan Jewellers IPO Main objects :
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.
Kalyan Jewellers IPO Details ( Tentative):
Kalyan Jewellers IPO Opens on : ? 2021
Kalyan Jewellers IPO Closes on : ? 2021
Issue Type: Book Built Issue IPO
Offer Up to [?] Equity Shares aggregating up to Rs 1750 crore
of which:
(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
Kalyan Jewellers IPO Price Band Per Equity Share: Rs. ??
Kalyan Jewellers IPO Lot Size ? 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)
Kalyan Jewellers IPO Tentative timeTable:
? – Price Band announced
? – Anchor List
Kalyan Jewellers IPO Opens
Kalyan Jewellers IPO Closes
Kalyan Jewellers IPO Allotment on
Unblocking of ASBA
Credit to Demat Accounts
Kalyan Jewellers IPO listing on
Kalyan Jewellers Financial Details :
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:
Peer Comparison:
Titan PE Ratio 61.69 RoNW22.38
Kalyan Jewellers India Limited IPO Lead Managers
Axis Capital Limited
Citigroup Global Markets India Private Limited
ICICI Securities Limited
SBI Capital Markets Limited
BOB Capital Markets Limited
Kalyan Jewellers India Limited IPO Registrar :
Link Intime India Private Limited
Registered Office of Kalyan Jewellers India Limited :
TC-32/204/2,
Sitaram Mill Road,
Punkunnam,
Thrissur,
Kerala – 680 002
Company Secretary and Compliance Officer
Mr. Jishnu R.G.
Kalyan Jewellers IPO Subscription :
on Day 1(on 00.00.2021 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
Study Indian Railway finance IPO @
https://chanakyanipothi.com/indian-railway-finance-corp-ipo-grey-market-premium-gmp-analysis/
Should not be compared with TITAN
Any tentative date for kalyan jewellers ipo ?
SEBI approval recd last week. So will not wait much.Once US election volatility is over, expected to announce dates.