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Kalyan Jewellers India Limited IPO (Kalyan Jewellers IPO) Detail

Mar 16, 2021 - Mar 18, 2021

Kalyan Jewellers is one of India's largest Jewellery companies. The key business activities of the company is to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions i.e. wedding, festivals, etc.

Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located across 21 states and union territories in India. It not just serves the domestic market but also serves overseas customers with 30 showrooms located in the Middle East. The company generates a significant portion of revenues from gold jewellery, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewellery segments.

Competitive strengths

  • One of India's largest jewellery companies.
  • Trusted Jewellery brand.
  • Strong network distribution with global outreach.
  • Wide range of jewellery product offerings.
  • Experienced promoters and managers.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 81,229.88 82,186.80 80,599.14 85,512.31
Total Revenue 55,497.98 101,810.16 98,140.29 105,801.99
Profit After Tax (799.48) 1,422.75 (48.64) 1,409.97

Objects of the Issue

The IPO proceed will be utilized towards the following business purposes;

  • To finance business working capital requirements.
  • To meet general corporate purposes.

Kalyan Jewellers IPO Details

Kalyan Jewellers IPO Date Mar 16, 2021 to Mar 18, 2021
Kalyan Jewellers IPO Face Value ₹10 per share
Kalyan Jewellers IPO Price ₹86 to ₹87 per share
Kalyan Jewellers IPO Lot Size 172 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹1,175.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹800.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹375.00 Cr)
Employee Discount 8
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are the company promoters.

Kalyan Jewellers IPO Timeline (Tentative Timetable)

Kalyan Jewellers IPO opens on Mar 16, 2021, and closes on Mar 18, 2021. The Kalyan Jewellers IPO bid date is from Mar 16, 2021 10.00 A.M. to Mar 18, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Kalyan Jewellers IPO Opening Date Mar 16, 2021
Kalyan Jewellers IPO Closing Date Mar 18, 2021
Basis of Allotment Mar 23, 2021
Initiation of Refunds Mar 24, 2021
Credit of Shares to Demat Mar 25, 2021
Kalyan Jewellers IPO Listing Date Mar 26, 2021

Kalyan Jewellers IPO Lot Size

The Kalyan Jewellers IPO lot size is 172 shares. A retail-individual investor can apply for up to 13 lots (2236 shares or ₹194,532).

Application Lots Shares Amount
Retail (Min) 1 172 ₹14,964
Retail (Max) 13 2236 ₹194,532

Kalyan Jewellers IPO Promoter Holding

Pre Issue Share Holding 67.99%
Post Issue Share Holding 60.53%

Kalyan Jewellers IPO Review

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...


Kalyan Jewellers IPO Subscription Status (Bidding Detail)

The Kalyan Jewellers IPO is subscribed 2.61 times on Mar 18, 2021 5:00:00 AM. The public issue subscribed 2.82 times in the retail category, 2.76 times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.76
NII1.91
Retail2.82
Employee3.74
Total2.61

Kalyan Jewellers IPO Prospectus

Kalyan Jewellers IPO Rating

930
3.5
Rating:Rated 3.5 stars
Vote Here ...

Kalyan Jewellers IPO Listing Date

Listing Date Friday, March 26, 2021
BSE Script Code 543278
NSE Symbol KALYANKJIL
Listing In B Group of Securities
ISIN INE303R01014
IPO Price ₹87 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹87.00
₹73.90
₹73.00
₹81.00
₹75.30
NSE
₹87.00
₹73.95
₹72.90
₹81.00
₹75.20

Company Contact Information

Kalyan Jewellers India Limited
TC-32/204/2, Sitaram Mill Road,
Punkunnam, Thrissur - 680 002

Phone: +91 487 24 37 333
Email: compliance@kalyanjewellers.net
Website: https://www.kalyanjewellers.net/

Kalyan Jewellers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: kalyan.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Kalyan Jewellers IPO FAQs

Kalyan Jewellers IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,175.00 Crores. The issue is priced at ₹86 to ₹87 per share. The minimum order quantity is 172 Shares.

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

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Kalyan Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Kalyan Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kalyan Jewellers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Kalyan Jewellers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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 .

You can apply in Kalyan Jewellers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of 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.
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Kalyan Jewellers IPO Message Board

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444 Comments

256. vaghani hardik rameshbhai |   Link |Apr 9, 2021 8:33:55 PM
ok
255. Rafiq |   Link |Apr 1, 2021 1:37:28 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
71.90 Rs. almost 6% up today. Market me Jewellery season shuru hai aur sona bhi sasta hai. Also inhone 14 naew shoroom open kiye hai. asar to dikhega na bhai.. Enjoy those who hold. I too holding it
255.1. Uday Bhansali |   Link |Apr 1, 2021 1:53:36 PM
Iss logic se aur add karlo...Kaheen mauka choot na jaaye!
254. SHANI |   Link |Mar 30, 2021 5:55:34 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
ON BSE -29-03-21 - - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, please find attached the press release to be
issued by the Company regarding the opening of 14 showrooms on April 24, 2021.
This intimation is also made available on the website of the Company www.kalyanjewellers.net
253. anoops |   Link |Mar 30, 2021 1:15:25 PM
Any possibility for this share end up at INR 50 in some near times ? Two contrasting factors are the 2nd wave of pandemic which can cripple the sales whilst the downward spiral of gold prices can shore up the sales ! So bit perplexed now to take a call on whether to buy these shares or ..
252. Rahulkumarkp |   Link |Mar 19, 2021 5:52:32 PM
agar market 2 din me gira to ye kayi retail ipo invester ko market chudwa dega pakka :P
251. Ashif Nataliya |   Link |Mar 26, 2021 1:23:10 PM
Expert please suggest, sell out hold?
251.1. RAJAHULI |   Link |Mar 28, 2021 9:03:12 PM
Hold... long term
251.2. amit K singh |   Link |Mar 29, 2021 2:42:53 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
This ipo was big avoid.. I have alerted the forum multiple times.. but few members with vested interest posted optimistic gmp, posted messages supporting this junk company, posted fake messages on big HNIs investing, quoting qyani baba, gyani pandit, fake hos, fake rumours, etc etc.. are applying making few innocent retailers get trapped in the ipo... try to exit with minimal loss...
250. Kailash Agarwal |   Link |Mar 28, 2021 7:48:28 PM
The IPO has become a golden egg for race companies. Issues at such high premiums leave nothing to the retail customer. Now you should only apply in the IPO that comes at the best performance and at a reasonable price, although there is no process in ALLOTMENT.
249. Awara masiha |   Link |Mar 27, 2021 7:40:00 PM
This Ipo season was a good lesson for noobs who rushed for any ipo hoping for some quick bucks.
249.1. amit K singh |   Link |Mar 27, 2021 8:44:46 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Very much true..
248. IPO Rock Star |   Link |Mar 26, 2021 1:40:27 PM
All allote hold this quality stock with stop loss of Rs 100 ,short term target Rs 50 with gold ring 😂😂😂😂😂😂😂😂😂
247. Ashif Nataliya |   Link |Mar 26, 2021 1:21:22 PM
Echoey please suggest, hold or sell?
246. SHANI |   Link |Mar 26, 2021 9:50:05 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
CRAFTMAN - 1530 TOUCH
LAXMI ORGANIC - 185.50

lets see, this one may do good
246.1. SHANI |   Link |Mar 26, 2021 10:26:49 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
good this one link intime for kalyan jwellers , 81 touch , (bse - 88.65 upper price band) good luck

laxmi organics- High      194.35
Upper Price Band      197.50(20%)
246.2. Spock 🖖 |   Link |Mar 26, 2021 12:11:52 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
what is role of link intime ? in listing
245. SKGKOL |   Link |Mar 24, 2021 1:19:22 PM
Alloted 04/05
😇😂
245.2. Spock 🖖 |   Link |Mar 26, 2021 12:10:17 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
sold or still holding ?
245.3. trixzz |   Link |Apr 28, 2021 8:33:29 PM
SOLD OR HELD?
244. Spock 🖖 |   Link |Mar 24, 2021 4:55:59 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
employee got shares at around 10% discount , expect listing around this employee price 79-80
244.1. Spock 🖖 |   Link |Mar 26, 2021 12:09:26 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
if employee is able to exit at 81 (day high) then he only might earn 2 Rs per share,

Baki अंधे घोड़े, फ़ौज में दौड़े… retailers are in loss
243. Manup |   Link |Mar 26, 2021 9:27:55 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Gyani baba absconded ☺️☺️Last seen in Himalaya
243.3. ðŸ·LeKKeR |   Link |Mar 26, 2021 10:50:38 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
amir sir are you really missing me ? :)
I have already commented my allotments about Anupam Laxmi and Craftsman
kalyan suryoday not applied, hence used that fund in Nazara ,
tell me my any comment where I have recommended any script, at least in this forum I never recommend any stock/ipo.
243.4. ðŸ·LeKKeR |   Link |Mar 26, 2021 11:00:08 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
I am not liable to give explanation to anyone, but you have called my handle in your comment.

FYI, read my post

13.1. lekkerI Like It. 3|Report Abuse|Mar 14, 2021 09:08
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Craftsman Automation Limited IPO

Thanks Sir, now my strategy is and priorities are

Laxmi , applying on first day from all accounts
Anupam , applying 50% applications using asba, 50% upi applications (will approve mandate if qib and hni response is good)
Craftsman, 100% upi applications (will decide if mandate need to approve)

If fund left then will apply Nazara (allotment chance is less so not thinking much about this IPO)

Kalyan (this issue i am interesting and can give surprise on listing) will decide on last day after closely watching anchor and subscription

Suryoday (yet to decide)
242. arunARUN |   Link |Mar 26, 2021 10:18:02 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
I never invested in Kalyan or Anupam or Easy trip in recent times. Nor i asked any one to invest in them
Only 3 applications as HNI are LTI, Gland Pharma and Craftsman
241. SHANI |   Link |Mar 26, 2021 10:14:45 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
anupam , craftman, laxmi , kalyan , suryoday , all have to perform good , else this kind of listing effect further ipo subscription also
240. surv |   Link |Mar 26, 2021 10:00:38 AM
76.2 Not bad as per last GMP
239. Owls eye |   Link |Mar 25, 2021 10:52:47 PM
IPO Mentor IPO Mentor (500+ Posts, 1900+ Likes)
Kalyan Jewellers GMP Improved from -18 at Noon to -12 Now

Still 13-14% Discount to Issue Price
239.1. jstm |   Link |Mar 26, 2021 9:48:24 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Yes , 15 % discount opening.
Even no KALYAN for employees too who were allotted at 79.
239.2. Owls eye |   Link |Mar 26, 2021 9:58:46 AM
IPO Mentor IPO Mentor (500+ Posts, 1900+ Likes)
Awesome

Listed Exactly at -13 as against -12👍
238. surv |   Link |Mar 26, 2021 9:57:11 AM
Pre open showing 73.90 - 15% down as on 9.56AM
237. Traderforever |   Link |Mar 26, 2021 9:52:14 AM
It may still touch 20%sell circuit