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Kalyan Jewellers IPO is a book build issue of ₹1,174.82 crores. The issue is a combination of fresh issue of 9.20 crore shares aggregating to ₹799.87 crores and offer for sale of 4.31 crore shares aggregating to ₹374.94 crores.
Kalyan Jewellers IPO bidding started from Mar 16, 2021 and ended on Mar 18, 2021. The allotment for Kalyan Jewellers IPO was finalized on Mar 23, 2021. The shares got listed on BSE, NSE on Mar 26, 2021.
Kalyan Jewellers IPO price band is set at ₹87.00 per share . The lot size for an application is 172. The minimum amount of investment required by an retail is ₹14,792 (172 shares). The lot size investment for sNII is 14 lots (2,408 shares), amounting to ₹2,09,496, and for bNII, it is 67 lots (11,524 shares), amounting to ₹10,02,588.
The issue includes a reservation of up to 2,29,885 shares for employees offered at a discount of ₹8.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹86 to ₹87 per share |
| Issue Price Final | ₹87 per share |
| Lot Size | 172 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 13,50,57,470 shares (aggregating up to ₹1,174.82 Cr) |
| Fresh Issue | 9,19,54,022 shares (aggregating up to ₹799.87 Cr) |
| Offer for Sale | 4,31,03,448 shares of ₹10 (aggregating up to ₹374.94 Cr) |
| Employee Discount | ₹8.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 93,80,99,035 shares |
| Share Holding Post Issue | 1,03,00,53,057 shares |
Kalyan Jewellers IPO offers total 13,50,57,470 shares. Out of which 6,74,13,792 (49.91%) allocated to QIB, 2,69,65,517 (19.97%) allocated to QIB, 2,02,24,138 (14.97%) allocated to NII, 4,71,89,655 (34.94%) allocated to RII and 4,04,48,275 (29.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 6,74,13,792 (49.91%) | NA |
| − Anchor Investor Shares Offered | 4,04,48,275 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,69,65,517 (19.97%) | NA |
| NII (HNI) Shares Offered | 2,02,24,138 (14.97%) | NA |
| Retail Shares Offered | 4,71,89,655 (34.94%) | 2,74,358 |
| Employee Shares Offered | 2,29,885 (0.17%) | NA |
| Total Shares Offered | 13,50,57,470 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Kalyan Jewellers IPO opens on March 16, 2021, and closes on March 18, 2021.
| IPO Open Date | Tue, Mar 16, 2021 |
| IPO Close Date | Thu, Mar 18, 2021 |
| Tentative Allotment | Tue, Mar 23, 2021 |
| Initiation of Refunds | Wed, Mar 24, 2021 |
| Credit of Shares to Demat | Thu, Mar 25, 2021 |
| Tentative Listing Date | Fri, Mar 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 18, 2021 |
Investors can bid for a minimum of 172 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 172 | ₹14,964 |
| Retail (Max) | 13 | 2,236 | ₹1,94,532 |
| S-HNI (Min) | 14 | 2,408 | ₹2,09,496 |
| S-HNI (Max) | 66 | 11,352 | ₹9,87,624 |
| B-HNI (Min) | 67 | 11,524 | ₹10,02,588 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Kalyan Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 600.00 |
| 2 | General corporate purposes | 139.09 |
[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...
| Listing Date | March 26, 2021 |
| BSE Script Code | 543278 |
| NSE Symbol | KALYANKJIL |
| ISIN | INE303R01014 |
| Final Issue Price | ₹87 per share |
| BSE Listing Group | B |
Kalyan Jewellers India Ltd.
TC-32/204/2,
Sitaram Mill Road,
Punkunnam,
Thrissur, Kerala, 680002
Phone: +91 487 24 37 333
Email: compliance@kalyanjewellers.net
Website: https://www.kalyanjewellers.net/
MUFG Intime India Pvt.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 13,50,57,470 equity shares of the face value of ₹10 aggregating up to ₹1,174.82 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 172.
The IPO opens on March 16, 2021, and closes on March 18, 2021.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,964.
You can apply in Kalyan Jewellers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Kalyan Jewellers IPO listing date is on Friday, March 26, 2021.
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