Kalyan Jewellers IPO - Purpose Financial Performance, Valuation, IPO Details

Manish Kothari
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Manish Kothari

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 2020FY 2019FY 2018
Total Revenue1,01,810.1698,140.291,05,801.99
Total Expenses99,601.2997,931.011,03,664.08
Profit after tax1,422.75(48.64)1,409.97
Total Assets82,186.8080,599.1464,709.84

*All the values are in millions and as per RHP

Valuations of the company:

 FY 2020FY 2019FY 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 Share25.7123.8423.45

*as per RHP

Kalyan Jewellers IPO DRHP

IPO details:

Face ValueRs.10 per share
Market Lot172 Shares
Minimum Order Quantity172 Shares
Price Band₹86 - ₹87
Issue typeBook Built Issue IPO
Issue Size₹1,175 Crores
Fresh Issue₹800 Crores
Offer for Sale₹735 Crores
Listing BSE, NSE

Important IPO dates:

Open Date16th March 2021
Close Date18th March 2021
Allotment Date23rd March 2021
Refunds24th March 2021
The credit of shares to Demat Account25th March 2021
Listing Date26th March 2021

Allocation Quota:

Qualified Institutional Buyers (QIBs)Not more than 50%
Non- Institutional Buyers (NIIs)Not less than 15%
Retail InvestorsNot 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

Comments (2)


Kalpesh Haribhau Zurange


Any idea about how much listing price of per share


Arpita Jha


The Town Jewel of Indian IPO comes calling! Kalyan Jewellers launched its IPO on March 16th. As one of the country’s leading jewellery houses, the company has a pan-Indian presence and has successfully catered to the high-end ornamental demands of the consumers. However, a combination of looming debts, unremarkable performance over the recent fiscals and dwindling investments into precious metals has posed challenging prospects for the long-term financial needs of the company. Click on the link below to read a detailed background on the company’s financials and business growth. https://transfin.in/all-you-need-to-know-about-kalyan-jewellers-ipo

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