Kalyan Jewellers was founded in 1993 when they opened their first showroom in Thrissur, Kerala. From the presence of a single showroom in a single city, today Kalyan Jewellers is present in all major cities of India and middle east countries with a total of 8000 employees worldwide. Kalyan Jewellers is one of the largest manufacturers and distributors of jewelry in India. The company also has a strong hold in textile trading, distribution, and wholesale business.

Kalyan Jewellers has also set up a customer service center named ‘My Kalyan’ which provides pre-book/advance booking facilities for marriage jewelry, Kalyan Gold Purchase Advance Scheme, Gold Insurance for gold ornaments, and others. Currently, there are more than 761 “My Kalyan” outlets in India.

The mission statement of Kalyan Jewellers is to offer every customer much more than what they ask in respect of selection, quality, value for money, and customer service.

The company also has its business outside India. In 2013, they opened 6 showrooms on the same day in UAE and entered the international market. Now, It has over 137 showrooms, out of which 107 showrooms are in India and the remaining 30 showrooms are in the middle east countries including UAE, Qatar, Oman, and Kuwait.

The jeweler also has plans to enter new markets across India, United States, GCC, Malaysia, Sri Lanka & many more.

Kalyan Jewellers won the Superbrands 2019-2020 award for being India’s most preferred jewelry Brand.

Kalyan Jewellers funded ₹10 Crores for Covid-19 in March 2020.

Promoters of the company are Mr. T.S. Kalyanaraman and Mr. T.K. Seetharam.

Strengths of the company:

Pan-India presence with showrooms across 21 states & UTs.
It has a strong market base with more than 130+ outlets across the country & outside India.
Established & Trusted jewellery brand among customers.
Offers different & regional specific designs as per store location.

Purpose of the IPO:

To meet the general operations and for corporate purposes.
For the funding of the working capital requirements.
For the expansion of the company operations.

Financial Performance of the company:

	FY 2020	FY 2019	FY 2018
Total Revenue	1,01,810.16	98,140.29	1,05,801.99
Total Expenses	99,601.29	97,931.01	1,03,664.08
Profit after tax	1,422.75	(48.64)	1,409.97
Total Assets	82,186.80	80,599.14	64,709.84

*All the values are in millions and as per RHP

Valuations of the company:

	FY 2020	FY 2019	FY 2018
Basic Earnings per Share (EPS)	1.70	(0.04)	1.70
Diluted Earnings per Share (EPS)	1.49	(0.04)	1.51
Return on Net Worth (%)	6.63%	(0.18)%	7.23%
Net Assets Value per Equity Share	25.71	23.84	23.45

*as per RHP

Kalyan Jewellers IPO DRHP

IPO details:

Face Value	Rs.10 per share
Market Lot	172 Shares
Minimum Order Quantity	172 Shares
Price Band	₹86 - ₹87
Issue type	Book Built Issue IPO
Issue Size	₹1,175 Crores
Fresh Issue	₹800 Crores
Offer for Sale	₹735 Crores
Listing	BSE, NSE

Important IPO dates:

Open Date	16th March 2021
Close Date	18th March 2021
Allotment Date	23rd March 2021
Refunds	24th March 2021
The credit of shares to Demat Account	25th March 2021
Listing Date	26th March 2021

Allocation Quota:

Category	Portion
Qualified Institutional Buyers (QIBs)	Not more than 50%
Non- Institutional Buyers (NIIs)	Not less than 15%
Retail Investors	Not less than 35%

Check your Kalyan Jewellers IPO allotment status here:

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