Kalyan Jewelers

IPO Size

`1,175 Cr

Price Band

`86-87 Per Share

Minimum Lot Size

172 shares Share

Face Value

`10 Per Share

Employee Discount

NA

Retail Allocation

35%

Issue Open Date

Mar 16, 2021

Issue Close Date

Mar 18, 2021

Listing Date

Mar 26, 2021

They started their jewellery business in 1993 with a single showroom in Thrissur, Kerala. They have 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.

Their total showrooms have increased from 77 as of March 31, 2015 to 137 showrooms as of June 30, 2020, and they intend to continue to open additional showrooms as they expect significant opportunity for further penetration in their existing markets as well as in new markets, primarily in India. They also sell jewellery through their online platform at www.candere.com.

They design, manufacture and sell 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 their highest-selling product category, to daily-wear jewellery.

Financial Statements

On the basis of Standalone statement:

Amount (in INR & million)
  31-Dec-20 31-Mar-20 Mar-19 31-Mar-18
Total Assets 81,229.88 82,186.80 80,599.14 85,512.31
Total Revenue 55,497.98 101,810.16 98,140.29 105,801.99
Total Expense 99,601.29 97,931.01 103,664.08
Profit After Tax (799.48) 1,422.75 (48.64) 1,409.97

Competitive Peers

  Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) NAV per share (Rs.)
Kalyan Jewellers Limited 10 [●] 1.70 6.63 25.71
Listed Peers          
Titan Company Limited 1 61.69 16.91 22.38 75.12

IPO Lead Managers

Lead Managers
Axis Capital Limited,
Citigroup Global Markets India Private Limited,
ICICI Securities Limited,
SBI Capital Markets Limited,
BOB Capital Markets Limited

IPO Registrar to Offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400083
Telephone: +91 22 4918 6200
Email: kalyan.ipo@linkintime.co.in
Investor Grievance e-mail: kalyan.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Other Details

  • Statutory Auditor – Deloitte Haskins & Sells LLP
  • Legal Counsel to the Company – AZB & Partners
  • Bankers to the Company – State Bank of India, Indian Overseas Bank, Bank of Baroda, Canara Bank.

Promoter of the Company

1) MR. T.S. KALYANARAMAN 2) MR. T.K. SEETHARAM 3) MR. T.K. RAMESH

Peer Comparison

Listed Peer: Titan Company Limited

Objectives of the Issue