Kalyan Jewelers is one of the largest jewelery companies in India. The major business activities of the company are to design, manufacture and sell various types of gold, studded and other jewelery products for various occasions i.e.weddings, festivals etc. Kalyan Jewellers Ipo is opening on 16 Mar, 2021.
Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located in 21 states and union territories in India. It not only serves the domestic market, but also serves overseas customers with 30 showrooms located in the Middle East.
The company generates a significant share of revenue from gold jewelery, which is 74.77% in FY 2020, followed by herbs (diamonds and precious stones) and other jewelery segments.
Kalyan Jewellers has 107 showrooms in 21 states and union territories in India, and also has an international presence with 30 showrooms located in the Middle East as of 30.06.2020. All the showrooms are managed by the company. There is no concept of franchise.
In FY19-20, the company has seen revenue of 10100 crore, of which 78.19% was from India and 21.81% was from Middle East.
They have 761 “My Kalyan” space and 2,338 dedicated “My Kalyan” employees As of June 30, 2020. Since wedding-related jewelry is the best-selling product category, “Mere Kalyan” employees form relationships with various players in the wedding ecosystem such as local marriage halls, astrologers, caterers, event managers, makeup artists and other wedding vendors.
Potential jewelery customers who are likely to purchase products during the wedding. Through this program, they connect and connect with more than 10 million potential customers each year.
Table of Contents
Positive Points
- One of the largest jewelery companies in India.
- Well known Jewelry Brand.
- Active network distribution with global outreach.
- Wide range of jewelery Items.
- Experienced leadership.
Promoters
Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are main promoters of the company.
Company Financials
Profit and Loss Analysis (Figures in crores)
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS |
| 2018 | 10,580.20 | 765.00 | 7.23% | 140.99 | 1.33% | 83.92 | 10 | 1.68 |
| 2019 | 9,814.03 | 623.61 | 6.35% | -4.86 | -0.05% | 83.92 | 10 | -0.06 |
| 2020 | 10,181.02 | 840.38 | 8.25% | 142.28 | 1.40% | 83.92 | 10 | 1.70 |
| CAGR | -2% | 5% | 0% |
Balance Sheet Analysis
| Year | Long-Term Debts | Short-Term Debts | Total Debt | NW | Debt/NW | RONW | CE | ROCE |
| 2018 | 178.61 | 1,843.57 | 2,022.18 | 1,968.06 | 1.03 | 7.16% | 2,789.62 | 20.18% |
| 2019 | 107.50 | 2,099.95 | 2,207.45 | 2,000.64 | 1.10 | -0.24% | 2,862.60 | 13.97% |
| 2020 | 84.84 | 2,338.21 | 2,423.05 | 2,158.08 | 1.12 | 6.59% | 2,941.00 | 20.44% |
Cash Flow Analysis
| Year | Current Assets | Current Liabilities | Current Ratio | CFO | Capital Exp | FCF |
| 2018 | 6,470.98 | 5,761.61 | 1.12 | 1,043.11 | 283.75 | 759.36 |
| 2019 | 5,712.45 | 5,197.31 | 1.10 | 388.89 | 298.91 | 89.98 |
| 2020 | 5,898.39 | 5,277.68 | 1.12 | 319.50 | 119.15 | 200.35 |
Object
The proceedings of the IPO will be used for the following business purposes;
- To meet the requirements of business working capital.
- To meet general corporate objectives.
Kalyan Jewellers IPO Details
| IPO Opening Date | 16 Mar, 2021 |
| IPO Closing Date | 18 Mar, 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 86 to 87 per share |
| Market Lot | 172 Shares |
| Min Order Quantity | 172 Shares |
| Listing At | BSE, NSE |
| Issue Size | 1,175.00 Cr |
| Fresh Issue | 800.00 Cr |
| Offer for Sale | 375.00 Cr |
| Employee Discount | 8 |
Kalyan Jewellers IPO Tentative Dates
| IPO Open Date | 16 Mar, 2021 |
| IPO Close Date | 18 Mar, 2021 |
| Basis of Allotment Date | 23 Mar, 2021 |
| Initiation of Refunds | 24 Mar, 2021 |
| Credit of Shares to Demat Account | 25 Mar, 2021 |
| IPO Listing Date | 26 Mar, 2021 |
Kalyan Jewellers IPO Lot
Kalyan Jewelers has an IPO market lot size of 172. A retail-individual investor can apply for 13 lots (2236 shares or INR 194,532).
| Application | Lots | Shares | Amount (on Cut-off) |
|---|---|---|---|
| Minimum | 1 | 172 | ₹14,964 |
| Maximum | 13 | 2236 | ₹194,532 |
Promoter Holding
| Pre Issue Holding | 67.99% |
| Post Issue Holding | 60.53% |
Prospectus
Contact Information of the Company
TC-32/204/2, Sitaram Mill Road,
Punkunnam, Thrissur – 680 002Phone no.: +91 487 24 37 333
E-mail: [email protected]
Website: https://www.kalyanjewellers.net/
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- Axis Capital Limited
- BOB Capital Markets Limited
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
Kalyan Jewellers IPO GMP Today?
Kalyan Jewellers IPO GMP is around INR 2.
Kalyan Jewellers IPO Opening date?
Kalyan Jewellers IPO will open on 16 Mar, 2021 and close on 18 Mar 2021
Kalyan Jewellers IPO listing date?
Kalyan Jewellers IPO will be listing on 26 Mar 2021
lot size for Kalyan Jewellers IPO?
lot size is 172 Shares for Kalyan Jewellers IPO.
Kalyan Jewellers IPO Allotment Date?
Basis of Allotment for Kalyan Jewellers IPO will be done on 23 Mar, 2021, and the allotted shares will be credited to your demat account by 25 Mar, 2021.
