Kalyan Jewellers India Limited

Kalyan Jewellers India Limited IPO Review

Kalyan Jewelers is one of the biggest adornments organizations in India dependent on income starting at 31 March 2020. The organization began its adornments business in 1993 with a solitary display area in Thrissur, Kerala. It has since extended to turn into a container India gems organization, with 107 display areas situated across 21 states and association domains in India, and furthermore has a worldwide presence with 30 display areas situated in the Middle East starting at 30 June 2020.

The entirety of its display areas are worked and overseen in-house. The organization plans to keep on opening extra display areas as it anticipates huge freedom in India. It likewise sells adornments through its online stage at www.candere.com.

In FY2020, 78.19% of its income was from India and 21.81% was from the Middle East. Around the same time, 74.77% of its income from tasks was from the offer of gold gems, 23.36% was from the offer of studded gems (which incorporates precious stones and valuable stones), and 1.87% was from the offer of other gems.

Subscription Dates16 – 18 March 2021
Price BandINR86 – 87 per share
Fresh issueINR800 crores
Offer For SaleINR375 crore
Total IPO sizeINR1,175 crores
Minimum bid (lot size)172 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

FY2018

FY2019

FY2020

9M FY2021

Revenue

10,580.2

9,814.0

10,181.0

5,549.8

Expenses

10,366.4

9,793.1

9,960.1

5,608.9

Net income

102.8

24.7

144.6

-81.3

Margin (%)

1.0

0.3

1.4

-1.5

Earnings Per Share (EPS): INR1.49
Price/Earnings (PE ratio): 57.71 – 58.38
Return on Net Worth (RONW): 6.63%
Net Asset Value (NAV): INR25.71 per share

Date

GMP (in INR)

Kostak (in INR)

Subject to Sauda (in INR)

26-Mar 2021

DISC

NA

NA

25-Mar 2021

DISC

NA

NA

24-Mar 2021

DISC

NA

NA

23-Mar 2021

Rs 1 – Rs 2

NA

NA

22-Mar 2021

Rs 1 – Rs 2

NA

NA

Listing Performance of Kalyan Jewellers India Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Kalyan Jewellers India Limited

Mar 26, 2021

87

75.3

-13.45%



NSE : KALYANKJIL

BSE : 543278

ISIN  CODE : INE303R01014

Angel Broking – Subscribe

Antique Broking – Avoid

BP Wealth – Avoid

Choice Broking – Avoid

Elite Wealth – Listing Gain

Geojit Financial Services – Subscribe

SMC Global – 2/5

Ventura Securities – Not Rated

IPO Opening Date: 16 March 2021
IPO Closing Date: 18 March 2021
Finalisation of Basis of Allotment: 23 March 2021
Initiation of refunds: 24 March 2021
Transfer of shares to demat accounts: 25 March 2021
Listing Date: 26 March 2021
Opening Price on NSE: INR73.95 per share (down 15% from IPO price)
Closing Price on NSE: INR75.2 per share (down 13.56% from IPO price)

Kalyan Jewellers India Limited

TC-32/204/2, Sitaram Mill Road

Punkunnam, Thrissur

Kerala – 680 002

Phone: +91 487 24 37 333

Email: compliance@kalyanjewellers.net

Website: www.kalyanjewellers.net

Link Intime India Private Limited

C-101, 1st Floor, 247 Park

Lal Bahadur Shastri Marg, Vikhroli (West)

Mumbai – 400 083

Phone: +91 22 4918 6200

Fax: +91 22 4918 6195

Email: kalyan.ipo@linkintime.co.in

Website: http://www.linkintime.co.in

CategoryShares offeredSubscription (no. of times, at 5 PM)
Day 1Day 2Day 3
QIB2,72,79,0680.000.242.75
NII2,04,59,3030.200.881.91
Retail4,77,38,3721.111.892.81
Employees2,32,5581.151.913.74
Total9,57,09,3010.601.212.61

Kalyan Jewellers India Limited IPO FAQ's

Kalyan Jewellers IPO is a main-board IPO of 95709301 equity shares of the face value of ₹10 aggregating up to ₹1,175.00 Crores. The issue is priced at ₹86 to ₹87 per equity share. The minimum order quantity is 172 Shares.The initial public offering (IPO) begins on Mar 16, 2021 and ends on Mar 18, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Kalyan Jewellers IPO opens on Mar 16, 2021 and closes on Mar 18, 2021.

Kalyan Jewellers IPO lot size is 172 Shares and the minimum order quantity is 172 Shares.

Kalyan Jewellers IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank

The Basis of Allotment for Kalyan Jewellers IPO will be done on Mar 23, 2021, and the allotted shares will be credited to your demat account by Mar 25, 2021. Check the Kalyan Jewellers IPO allotment status.

The Kalyan Jewellers IPO listing date is on Friday, March 26, 2021.

Kalyan Jewellers India Limited IPO Comments