Kalyan Jewellers IPO – Review, Allotment Status, Subscription, Price, Date & more

The home-grown jewellers, Kalyan Jewellers IPO is getting listed on the stock exchange. It is expected that Kalyan Jewellers will file a draft prospectus with the SEBI by the end of april 2018. Kalyan Jewellers IPO size would be somewhere around Rs. 2500 crores. The article herein reviews Kalyan Jewellers IPO & mentions more details about this IPO like the IPO objective, the IPO size, IPO lead managers, IPO release date, IPO offer price, promoters of the company and its background.


Kalyan Jewellers IPO Review & Ratings

Kalyan Jewellers IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.2/10
Industry Ranking7.1/10
Company Background7.2/10
Company Reputation7.4/10
Competitive Edge7.3/10
Financial Statements7.2/10
Popularity Index7.4/10
Promoters Reputation7.1/10
Retail Appetite7.5/10
Top Brokers Review7.3/10
Overall Ratings7.3/10
Star Ratings★★★☆☆

Summary of Kalyan Jewellers IPO

Kalyan Jewellers IPOKalyan Jewellers, started with one store in Kerala in 1993, has now 122 stores in India as well as Gulf countries. Kalyan Jewellers is backed by Warburg Pincus who initially invested in 2014 to the tune of Rs. 1,200 crores.

Thereafter, there has been another round of capital infusion by this private equity investor in 2017 which amounted to Rs. 500 crores. It is expected that the IPO coming in, would also include an offer for sale from Warburg Pincus.

Kalyan Jewellers is a retail chain of jewellery and deal in gold and diamond jewellery.

The lead managers for Kalyan Jewellers IPO are probably – Axis, ICICI and UBS. The confirmation for this will be out only once the draft prospectus is released.


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Kalyan Jewellers IPO Date

The release date for Kalyan Jewellers IPO is still to be disclosed. The release date is expected to be somewhere before the mid-year close.

Kalyan Jewellers IPO Subscription

 Subscription
Day 1 X
Day 2 X
Day 3 X
Day 4 X
Day 5 X

This section would be updated on a daily basis post the release of IPO.

Kalyan Jewellers IPO Allotment Status

The allotment status refers to the proportion of shares allotted against the subscription made for such shares. The details of allotment would be updated, once the subscription process is completed.

Kalyan Jewellers IPO Price Band

Kalyan Jewellers IPO has not been floated out in the market and hence the IPO price band is not known yet. The details would be shortly updated herein.

Kalyan Jewellers IPO Issue Size

Issue size for Kalyan Jewellers is expected to be close to Rs. 2,500 crores. This may not be entirely through fresh IPO; some part may be via secondary issue i.e. sale of shares by the existing shareholders. The proportion of the fresh issue and secondary sale would be updated herein shortly.

Kalyan Jewellers IPO Equity Share Offerings

The details of the number of equity shares being offered under the IPO is not disclosed yet. The details would be shortly updated herein.


Kalyan Jewellers India Limited – Company Overview

Kalyan Jewellers India Limited started its business in 1993 with a store in Kerala. And since then, it has grown to own more than 120 stores in India as well as Gulf countries like UAE, Qatar, Kuwait and Oman. It also has certain mini-stores in rural areas which have been set up under a special programme run by it i.e. My Kalyan programme.

The focus of Kalyan Jewellers has been towards the quality of product, the taste, the designs and the service to the customers which makes the customer feel as if the shopping experience has been worthwhile and in proportion to the value of money.

Key members of Kalyan Jewellers:

  • T.S. Kalyanaraman (Cheif Managing Director)
  • Rajesh Kalyanaraman (Executive Director)
  • Ramesh Kalyanaraman (Executive Director)

Competitive Strengths of Kalyan Jewellers

  • Family legacy
  • Foreign presence
  • Skilled artisans and workforce
  • Strong marketing
  • Association with reputed brands
  • Diversified designs and product range

Business strategies of Kalyan Jewellers

  • Updated designs to match all the varied tastes
  • Quality
  • Multiple market
  • Post sale service
  • Customer experience
  • Loyalty programmes
  • Innovative marketing schemes

Kalyan Jewellers – Financial Statements

A snapshot of the financials of the company is presented below:

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset
Current Asset
Total Asset

The details would be updated shortly.

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue
Profit after Tax (PAT)

The details would be updated shortly.

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic
Diluted

The details would be shortly updated herein and an analysis of the same would also be presented.


Kalyan Jewellers Limited Promoters

The details of the promoters would be shortly updated.

Promoter Interest in the company.

The details of the interest held by the promoters in the company would be updated in a few days.

Promoter Interest in property of the company

These details would be updated shortly.


Kalyan Jewellers IPO Offer Details or Issue Details

OfferThe offer is expected to be close to Rs, 2,500 crores.
Of which
Issue reserved for the Market Makers
Net Issue to the public
Of which
Allotment to retail investors
Allotment to other investors
Equity Shares outstanding prior to the offer
Equity Shares outstanding after the Offer

The details would be updated upon release of draft red herring prospectus by the company.


Kalyan Jewellers IPO Issue Object

  • Expansion of domestic market
  • Exploring and setting up new market
  • General Corporate purpose
  • Issue expenses

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Kalyan Jewellers IPO – Basis of the Offer Price

The issue price is generally determined by the company in consultation with the Lead Managers on the basis of various qualitative and quantitative factors.

The qualitative factors relevant to decide the issue price:

  • Family legacy
  • Foreign presence
  • Skilled artisans and workforce
  • Strong marketing
  • Association with reputed brands
  • Diversified designs and product range

The quantitative factors relevant for the issue price are:

  • Earning per share
  • Price/earning ratio
  • Return on Net Worth
  • Net Asset Value – NAV per Equity Share
  • Comparison with listed industry peer review

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Kalyan Jewellers IPO Lead Managers

Lead Managers
ICICI Securities
UBS Securities
Axis Capital

Kalyan Jewellers IPO Registrar to the Offer

Registrar of the Offer

The details of registrar to the offer would be provided herein shortly.


Kalyan Jewellers IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking
Sharekhan
Kotak Securities
ICICI Direct
IIFL
Edelweiss
Zerodha
5Paisa
Karvy
Motilal Oswal

The ratings would be updated once the financials and the other details of the IPO are released.


Kalyan Jewellers IPO Grey Market Premium

The grey market for Kalyan Jewellers will open 15 days before the company opens its IPO subscription. The date of the same would be updated shortly.


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Kalyan Jewellers IPO News

News 1 – Kalyan Jewellers looks to file IPO papers in a month


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