March 16, 2021 - March 18, 2021

Kalyan Jewellers IPO Review & Recommendations

Dilip Davda and Hem Securities have given "May Apply" recommendation to Kalyan Jewellers IPO. Capital Market and Swastika Investmart Ltd recommend to "Avoid" the IPO.Axis Capital has "Not Rated" the IPO.

Kalyan Jewellers IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	2	0	2	1
%	0.00	40.00	0.00	40.00	20.00

Kalyan Jewellers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Axis Capital	Not Rated
Capital Market	Avoid
Dilip Davda	May Apply
Hem Securities	May Apply
Swastika Investmart Ltd	Avoid

Kalyan Jewellers IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Kalyan Jewellers IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

Kalyan Jewellers IPO Review by Dilip Davda (May apply)

[Dilip Davda] KJIL is the second-largest PAN India retailer of gold and other fancy jewellery. It has shown static financial performance for FY18 and FY20, whereas it suffered a minor setback for FY19 due to the flood situation in southern regions, its prime locations. It has suffered a setback for FY21-9M following pandemic and incurred losses. Thus, the offer price is at a negative P/E based on the latest financial data. There is a big difference in financial parameters between the two mega players in the field. As the pricing of the issue is having a negative P/E based on the latest workings, cash surplus, risk savvy investors may consider investment at their own risks. Read detail review...

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