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Kalyan Jewellers IPO is a book built issue of Rs 1,175.00 crores. The issue is a combination of fresh issue of Rs 800.00 crores and offer for sale of Rs 375.00 crores.
Kalyan Jewellers IPO bidding started from March 16, 2021 and ended on March 18, 2021. The allotment for Kalyan Jewellers IPO was finalized on Tuesday, March 23, 2021. The shares got listed on BSE, NSE on March 26, 2021.
Kalyan Jewellers IPO price band is set at ₹86 to ₹87 per share. The minimum lot size for an application is 172 Shares. The minimum amount of investment required by retail investors is ₹14,964.
The issue includes a reservation of up to 232,558 shares for employees offered at a discount of Rs 8 to the issue price.
Axis Capital Limited, Bob Capital Markets Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Kalyan Jewellers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Kalyan Jewellers IPO RHP for detailed information.
| IPO Date | March 16, 2021 to March 18, 2021 |
| Listing Date | March 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹86 to ₹87 per share |
| Lot Size | 172 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,175.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹375.00 Cr) |
| Employee Discount | Rs 8 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Kalyan Jewellers IPO offers 95,709,301 shares. 27,279,068 (28.50%) to QIB, 20,459,303 (21.38%) to NII, 47,738,372 (49.88%) to RII, 232,558 (0.24%) to employees. 277,548 RIIs will receive minimum 172 shares and (sNII) and (bNII) will receive minimum 2,408 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 27,279,068 (28.50%) | NA |
| NII (HNI) Shares Offered | 20,459,303 (21.38%) | |
| Retail Shares Offered | 47,738,372 (49.88%) | 277,548 |
| Employee Shares Offered | 232,558 (0.24%) | NA |
| Total Shares Offered | 95,709,301 (100%) |
Kalyan Jewellers IPO opens on March 16, 2021, and closes on March 18, 2021.
| IPO Open Date | Tuesday, March 16, 2021 |
| IPO Close Date | Thursday, March 18, 2021 |
| Basis of Allotment | Tuesday, March 23, 2021 |
| Initiation of Refunds | Wednesday, March 24, 2021 |
| Credit of Shares to Demat | Thursday, March 25, 2021 |
| Listing Date | Friday, March 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 18, 2021 |
Investors can bid for a minimum of 172 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 172 | ₹14,964 |
| Retail (Max) | 13 | 2236 | ₹194,532 |
| Lot Size Calculator | |||
Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are the company promoters.
| Share Holding Pre Issue | 67.99% |
| Share Holding Post Issue | 60.53% |
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
| 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 | |
The IPO proceed will be utilized towards the following business purposes;
[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...
The Kalyan Jewellers IPO is subscribed 2.61 times on March 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)
| Category | Subscription (times) |
|---|---|
| QIB | 2.76 |
| NII | 1.91 |
| Retail | 2.82 |
| Employee | 3.74 |
| Total | 2.61 |
| Listing Date | March 26, 2021 |
| BSE Script Code | 543278 |
| NSE Symbol | KALYANKJIL |
| ISIN | INE303R01014 |
| Final Issue Price | ₹87 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kalyan.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 March 16, 2021, and closes on March 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
Visit Zerodha IPO Application Process Review for more detail.
The Kalyan Jewellers IPO opens on March 16, 2021 and closes on March 18, 2021.
Kalyan Jewellers IPO lot size is 172 Shares, and the minimum amount required is ₹14,964.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kalyan Jewellers IPO will be done on Tuesday, March 23, 2021, and the allotted shares will be credited to your demat account by Thursday, March 25, 2021. Check the Kalyan Jewellers IPO allotment status.
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