Bookbuilding IPO | ₹1,175 Cr | Listed at BSE, NSE | Tue, Mar 16, 2021 - Thu, Mar 18, 2021
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 per share. The lot size for an application is 172. The minimum amount of investment required by an retail is ₹14,964 (172 shares) (based on upper price). 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 Open
Tue, Mar 16, 2021
IPO Close
Thu, Mar 18, 2021
Issue Price
₹87 per share
Market Cap (Pre-IPO)
₹8,961.46 Cr
| IPO Date | 16 to 18 Mar, 2021 |
| Listed on | Fri, Mar 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹86 to ₹87 |
| Issue Price | ₹87 per share |
| Lot Size | 172 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹8.00 |
| Total Issue Size | 13,50,57,470 shares (agg. up to ₹1,175 Cr) |
| Fresh Issue | 9,19,54,022 shares (agg. up to ₹800 Cr) |
| Offer for Sale | 4,31,03,448 shares of ₹10 (agg. up to ₹375 Cr) |
| Share Holding Pre Issue | 93,80,99,035 shares |
| Share Holding Post Issue | 1,03,00,53,057 shares |
| BSE Script Code / NSE Symbol | 543278 / KALYANKJIL |
| ISIN | INE303R01014 |
Kalyan Jewellers IPO comprises a total issue size of 13,50,57,470 shares. The net offer to the public is 13,48,27,585 shares, after excluding 2,29,885 shares under a preferential allotment. Of the Net offer 6,74,13,792 (50.00%) are allocated to QIB, 2,02,24,138 (15.00%) allocated to NII 4,71,89,655 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,74,13,792 | 50.00% | 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 | 15.00% | 14.97% | NA |
| Retail Shares Offered | 4,71,89,655 | 35.00% | 34.94% | 2,74,358 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,29,885 | 0.17% | NA | |
| Total Shares Offered | 13,50,57,470 | 100.00% | 100.00% | |
Investors can bid for a minimum of 172 shares and in multiples thereof.
| 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 |
Kalyan Jewellers IPO raises ₹351.90 crore from anchor investors. Kalyan Jewellers IPO Anchor bid date is March 15, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 15, 2021 |
| Shares Offered | 4,04,48,275 |
| Anchor Portion (₹ Cr.) | 351.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 22, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 21, 2021 |
| 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 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 600.00 |
| 2 | General corporate purposes | 139.09 |
The Kalyan Jewellers IPO is subscribed 2.61 times on March 18, 2021 5:00:00 AM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.76 | 2,72,79,068 | 7,51,76,212 |
| NII | 1.91 | 2,04,59,303 | 3,91,09,188 |
| Retail | 2.82 | 4,77,38,372 | 13,44,13,700 |
| Employee | 3.74 | 2,32,558 | 8,68,944 |
| Total | 2.61 | 9,57,09,301 | 24,95,68,044 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers’fees and commissions (including underwriting commission, brokerage and selling commission) | 41.00 |
| 2 | Selling commission payable to SCSBs for Bids directlyprocured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by RIIs using the UPI Mechanism) procured by the members of the Syndicate, the Registered Brokers, RTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Bank for Bids made by RIIs | 1.30 |
| 3 | Selling commission and uploading charges payable to members of the Syndicate (including their sub-Syndicate Members), RTAs, CDPs and Registered Brokers | 0.20 |
| 4 | Processing fees payable to the Sponsor Bank | 0.32 |
| 5 | Fees payable to the Registrar to the Offer | 0.03 |
| 6 | Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses | 4.60 |
| 7 | Printing and stationery expenses | 1.60 |
| 8 | Advertising and marketing expenses | 22.45 |
| 9 | Fees payable to legal counsels | 11.40 |
| 10 | Fees payable to auditors | 4.50 |
| 11 | Miscellaneous (expenses incurred for virtual data room, industry report, etc.) | 2.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹87.00 | ₹87.00 |
| Open | ₹73.90 | ₹73.95 |
| Low | ₹73.00 | ₹72.90 |
| High | ₹81.00 | ₹81.00 |
| Last Trade | ₹75.30 | ₹75.20 |
Kalyan Jewellers IPO is a main-board IPO of 13,50,57,470 equity shares of the face value of ₹10 aggregating up to ₹1,175 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 172.
The IPO opens on Tue, Mar 16, 2021, and closes on Thu, Mar 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 Tue, Mar 16, 2021 and closes on Thu, Mar 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 Thu, Mar 25, 2021. Check the Kalyan Jewellers IPO allotment status.
The Kalyan Jewellers IPO listing date is on Fri, Mar 26, 2021.
