Kalyan Jewelers is one of the largest jewelry companies in India based on revenue since March 31, 2020, according to the Technopak Report.
The Kalyan Jewelers were founded by its founder and one of its promoters, Mr. T.S. Kalyanaraman, who has more than 45 years of sales experience, has more than 25 years in the jewelry industry. They started their jewelry business in 1993 with one exhibition room in Trissur, Kerala.
Kalyan Jewelers designs, manufactures and sells a wide range of gold, combined with other jewelry products to the police at various prices ranging from special jewelry to special occasions, such as weddings, which are their best sellers, to everyday wear jewelry. They also sell jewelry through their online platform at www.candere.com.
As of 30.06.2020, the Kalyan Jewelers has 107 exhibitions located in 21 regions and trade unions in India, and has a global presence with 30 exhibitions in the Middle East. And all the showrooms are owned by the company. No franchise idea.
In FY19-20, the company opened a revenue of ₹ 10100 Crores, of which 78.19% were from India and 21.81% were from the Middle East.
Competitive Strengths
- An established product built on the core values of trust and transparency.
- One of the largest jewelry companies in India available through pan-India.
- Hyperlocal strategy that enables them to cater for a wide variety of geographies and client segments.
- Low-cost “My Kalyan” networks with distribution capabilities allow for deep customer access.
- Observing facilitators with strong leadership and proven track record supported by a team of experienced and successful senior management team and a board of directors.
- Different products targeted at different customer set.
- Powerful and effective internal control systems to support a growing organization and showroom network with pan-India presence.
Kalyan Jewellers Promoters
Promoters play a very important role in raising much-needed business revenue.
There are three promoters of this IPO. They are Mr. T. Kalyanaraman owns 27.41% shares, while Mr Seetharam and Mr T. K. Ramesh own a stake of 22.17% each.
Company Financials
| For the year/period ended (₹ in Million) | |||
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 82,186.80 | 80,599.14 | 85,512.31 |
| Total Revenue | 101,810.16 | 98,140.29 | 105,801.99 |
| Total Expense | 99,601.29 | 97,931.01 | 103,664.08 |
| Profit After Tax | 1,422.75 | (48.64) | 1,409.97 |
Objects of the Issue
The IPO process will be used for the following business purposes;
- Funding business operational requirements.
- Meeting common cooperative goals.
Kalyan Jewellers IPO Details
| IPO Opening Date | 16 MAR, 2021 |
| IPO Closing Date | 18 MAR, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹1175 Cr. |
| Face Value | ₹10 per equity share |
| IPO Price | [86] to [87] per equity share |
| Market Lot | 172 Shares |
| Min Order Quantity | 172 Shares |
| Listing At | BSE, NSE |
| Total Share Issue | 13,50,57,471 Equity Shares |
Kalyan Jewellers IPO – Schedule
| Bid/Offer Opens On | 16 MAR, 2021 |
| Bid/Offer Closes On | 18 MAR, 2021 |
| Finalisation of Basis of Allotment | 23 MAR, 2021 |
| Initiation of Refunds | 24 MAR, 2021 |
| Credit of Shares to Demat Account | 25 MAR, 2021 |
| IPO Shares Listing Date | 26 MAR, 2021 |
Kalyan Jewellers IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 172 | ₹14,964 |
| Maximum | 13 | 2236 | ₹194,532 |
Eligibility Criteria Are
- It is important that payments are done on time. Upon failing to make payments within the stipulated time, there is a 0.25% increment in the charges.
- When you want to close the policy before completion, Kalyan Jewellers have a system whereby you can purchase a product from their collection.
- When the ornament remains uncollected within 20 days post scheme completion, the sale is registered by the jeweller and the ornament is saved aside for you.
- If you default the last instalment’s payment, the policy gets cancelled and the investment is returned through a demand draft towards the address registered via the registered post.
- Cash refund is not allowed and most disputes arising are dealt under Thrissur, Kerala jurisdiction.
Kalyan Jewellers IPO : How To Apply
Promoters play a very important role in raising much-needed business revenue.
There are three promoters of this IPO. Mr T. Kalyanaraman owns 27.41% of the shares, while Mr Seetharam and Mr T. K. Ramesh own 22.17% of the shares.
Apply For Kalyan Jewellers IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Kalyan Jewelers IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
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/ |
