Kalyan Jewellers India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹87
Per ShareLot Size
172 Shares
Minimum Investment
₹14,964
Issue Size
₹1,175 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Kalyan Jewellers India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
64.18%
Promoter Holding (Post-Issue)
57.05%
Issue Type
Book Building
ISIN
INE303R01014
About the Company
Kalyan Jewellers India Ltd is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report. It is established by our founder and one of our Promoters, Mr. T.S. Kalyanaraman in 1993. As of June 30, 2020, it had 107 showrooms across 21 states and union territories in India and 30 showrooms in the Middle East. As of June 30, 2020, it had 761 "My Kalyan" locations and 2,338 dedicated "My Kalyan" employees. It designs, manufactures and sells a wide range of gold, studded and other jewellery products across various price points.
Industry Overview
According to Technopak, the Indian jewellery retail sector's size in Fiscal 2020 was approximately US$64 billion. The sector's organized retail share stood at approximately 32%, comprised of national and regional players, while the rest of sector continues to be dominated by the unorganised segment. Indians have a strong cultural affinity for gold jewellery and its purchase is deeply ingrained in the Indian psyche. It serves the dual purpose of consumption and investment.
Company History
Kalyan Jewellers India Limited was originally formed as a sole proprietorship under the name of Kalyan Jewellers at Thrissur in 1993. Thereafter, the sole proprietorship was converted into a partnership firm under the name of Kalyan Jewellers which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Kerala on May 4, 2006. Subsequently, the name of the partnership firm was changed from Kalyan Jewellers to Kalyan Jewellers TSK in the year 2008. The partnership firm was thereafter converted into a private limited company under the Companies Act, 1956 with the name Kalyan Jewellers TSK Private Limited and a certificate of incorporation dated January 29, 2009 was issued by the Registrar of Companies, Tamil Nadu at Coimbatore. Subsequently, the name of the Company was changed to Kalyan Jewellers India Private Limited, pursuant to the Shareholders' resolution dated February 7, 2009 and a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu at Coimbatore on February 10, 2009. The name of the Company was further changed to Kalyan Jewellers India Limited upon conversion to a public limited company pursuant to the Shareholders' resolution dated March 28, 2016 and a fresh certificate of incorporation was issued by the Registrar of Companies, Ernakulam ("RoC") on June 15, 2016.
Products & Services
- The company design, manufacture and sell a wide range of gold, studded and other jewellery products (5-10 Microns)
Growth Strategy
- Leverage scalable business model to expand showroom network and diversify channels of distribution
- Widen product offerings to further increase consumer reach
- Leverage "My Kalyan" network to deepen customer outreach and strengthen the distribution network in core markets
- Invest in CRM, marketing and analytics to more effectively target consumers and drive sales
Customer Base
Wholesalers & Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial Public offering of 135,057,470 equity shares of face value of Rs. 10 each ("equity shares") of Kalyan Jewellers India Limited ("company" or "issuer") for cash at a Price of Rs. 87* per equity share (including a share premium of Rs. 77 per equity share) ("offer price") aggregating to Rs. 1174.82 Crores, comprising a fresh issue of 91,954,022 equity shares by the company aggregating to Rs. 799.82 Crores ("fresh issue") and an offer for sale of 43,103,448 equity shares ("offered shares") aggregating to Rs. 375 Crores, comprising 14,367,816 equity shares aggregating to Rs. 125 Crores by Mr. T.S. Kalyanaraman ("promoter selling shareholder") and 28,735,632 equity Shares aggregating to Rs. 250 Crores by Highdell Investment Ltd ("investor selling shareholder" and together with the promoter selling shareholder, the "selling shareholders" and such offer, the "offer for sale" and together with the fresh issue, the "offer"). The offer included a reservation of 229,885 equity shares aggregating to Rs. 1.82 Crores, for subscription by eligible employees (as defined hereinafter) (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer constituted 13.11% and 13.09% of the post-offer paid up equity share capital of the company, respectively. *The company and the selling shareholders, in consultation with the lead managers, have offered discount of Rs. 8 per equity share to eligible employees bidding in the employee reservation portion. Offer Price : Rs. 87 per Equity Share of face value of Rs. 10 each. Anchor Investor Offer Price : Rs. 87 per equity share. The Offer Price is 8.7 times the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established brand built on the core values of trust and transparency
- One of India's largest jewellery companies with a pan-India presence
- Hyperlocal strategy enabling us to cater to a wide range of geographies and customer segments
- Extensive grassroots "My Kalyan" network with strong distribution capabilities enabling deep customer outreach
- Visionary Promoters with strong leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors
- The strength of Company's brands is crucial to success and company may not succeed in continuing to maintain and develop our brands.
- The recent outbreak of the novel coronavirus could have a significant effect on company's results of operations, and could negatively impact the business, revenues, financial condition and results of operations.
- Company may be unable to respond to changes in consumer demands and market trends in a timely manner.
- Company may be unable to maintain or establish arrangements with contract manufacturers and suppliers through whom it manufacture the products and procure raw materials, and may experience other disruptions or quality control risks in the operations of such parties.
- Company's ability to attract customers is dependent on the success and visibility of its showrooms.