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
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:
Link Intime IPO allotment Status: Click here
BSE IPO Allotment Status: Click here
NSE IPO Allotment Status: Click here