Kalyan Jewellers IPO | Subscribe or not? | Kalyan Jewellers IPO Detail All You Need to Know
Dear reader we are going to discuss everything about Kalyan Jewellers IPO so read it before applying in Kalyan Jewellers IPO.
Key Details
- Issue open: March 16-18.
- Face value: Rs 10 per share.
- Fresh Issue: 9.19 crore shares valued at Rs 800 crore.
- Offer for sale: 4.31 crore shares valued at Rs 375 crore.
- Issue size: Rs 1,175 crore.
- Price band: Rs 86-87 apiece.
- Minimum lot size: 172 shares.
- Listing On: National stock Exchange and BSE. Book running lead managers: Axis Capital, Citigroup Global, ICICI Securities, SBI Capita
Kalyan Jewellers IPO is going to launch tomorrow is on 16th March and you are excited but you may have question or confusion regarding Kalyan Jewellers IPO.
First of all, there are many players in the precious metals sector who are competing with each other. Titan is a big player. So now arise is Kalyan Jewellers will compete in the market with other firms performance? does Kalyan Jewellers get the benefit due to high competition in this sector? what are the strong points of Kalyan Jewellers to compete with other firms? I will give all answers so read them carefully and use them wisely.
What is Kalyan Jewellers IPO?
Kalyan Jewellers formed in 1993 in Kerala. There is a total of 107 showrooms all over India. including, 21 states and Union territories. 30 showrooms in the Middle East, that operated by the company. 78.19% o total revenue comes from Indian business. In FY2020 company open its online portal Candere.com for digital distribution.
Kalyan Jewellers is one among the most important jewellery brands in India. It will open the Initial Public Offering (IPO) for subscription on 16th March. The face of Kalyan Jewellers IPO equity shares is ₹10 aggregating up to ₹1,175.00 Crores.
When Kalyan Jewellers IPO will open?
The Kalyan Jewellers IPO opens on Tuesday, March 16th, 2021, and closes on Mar 18, 2021.
What is the lot size of Kalyan Jewellers IPO?
Kalyan Jewellers IPO minimum order quantity or lot size is 172 Shares and the issue is priced at ₹86 to ₹87 per equity share. The face value of Kalyan Jewellers IPO equity share is ₹10.
When Kalyan Jewellers IPO allotment?
Allotment for Kalyan Jewellers IPO will be done on Mar 23, 2021, and the allotted shares will be credited to your Demat account by Mar 25, 2021. Check the Kalyan Jewellers IPO allotment status.
When is Kalyan Jewellers IPO listing date?
The Kalyan Jewellers IPO listing date is not yet announced. The tentative date of Kalyan Jewellers IPO listing is Mar 26, 2021. The shares are proposed to be listed on BSE, NSE.
The objective of the Kalyan Jewellers IPO offer
- Funding working capital requirements of their Company
- General corporate purposes
- Additionally, Kalyan Jewellers expects to achieve the benefits of listing of their Equity Shares on the Stock Exchanges and enhancement of their Company’s brand name, and creation of a public market for their Equity Shares in India
Financial Condition of the Company
- Kalyan Jewellers reported a profit of Rs 142.27 crore for the year ended March 2020 against a loss of Rs 4.86 crore in the previous financial year and a profit of Rs 141 crore in FY18.
- Revenue in FY20 grew by 3.4 percent (year-on-year) to Rs 10,100.9 crore. In FY19, the revenue fell by 7.4 percent (year-on-year) to Rs 9,770.76 crore.
- In the nine months period ended December 2020, the company posted a loss of Rs 79.95 crore against a profit of Rs 94.3 crore in the corresponding period.
- In the same period, revenue declined sharply by 30.7 percent to Rs 5,516.70 crore due to the COVID-19 impact. As of December 2020, 72 out of its total 137 showrooms were located outside of South India.
Strengths of the Company
- The local Business Model of Kalyan Jewellers is a key factor for the business.
- An established brand built on the core values of trust and transparency
- One of India's largest Jewellery companies with a pan-India presence with a wide range of product offerings targeted at a diverse set of customers
- Robust and effective internal control processes to support a growing organization and showroom network with a pan-India presence
- “my Kalyan” distribution and consumer feedback program make key factor for the business. by creating awareness about products.
- The customer outreach program considers key strength for Kalyan Jewellers.
Risks
- The continuing impact of the outbreak of the COVID-19
- They may be unable to respond to changes in consumer demands and market trends in a timely manner
- Their ability to attract customers is dependent on the success and visibility of their showrooms
Market Peers
|
Company Name |
Last Price |
% Chg |
52 wk High |
52 wk Low |
Market Cap (Rs. cr) |
|
1,490.40 |
0.53 |
1,620.95 |
720.00 |
132,315.65 |
|
|
519.20 |
-0.50 |
720.00 |
440.80 |
15,329.90 |
|
|
4,345.30 |
4.45 |
4,345.30 |
490.00 |
14,138.80 |
|
|
31.25 |
0.00 |
32.75 |
7.80 |
1,454.39 |
|
|
610.15 |
-1.20 |
675.20 |
216.90 |
837.10 |
|
|
344.90 |
2.19 |
384.00 |
73.15 |
764.81 |
|
|
315.00 |
3.26 |
345.00 |
188.10 |
594.70 |
|
|
76.35 |
-0.72 |
96.40 |
16.50 |
509.49 |
|
|
30.30 |
-4.72 |
69.70 |
30.00 |
304.98 |
|
|
108.00 |
1.17 |
199.35 |
57.65 |
237.84 |
- These are top market peers for Kalyan Jewellers. By seeing the prices of the above list you can assume segments of different firms with market capital.
- Kalyan Jewellers planning to raise 1175 crore that is similar to other existing market players. that is an indicator that the company going to compete in the future.
- And offer Price of ₹86/87 per share, is also indicating the market segment of competitive price and there is a chance of gain in the share price at the time of listing.
- The purpose raising to meet capital expenditure and other corporate expenses. It means the company wants capital for its operations.
- Is Company raising 1175 crore through IPO due to pandemic because of a fall in business? Even if this happens, it is not a big problem, because after the IPO the company will come into the public domain, and there will be a chance of better operation of the company.
How to apply for Kalyan Jewellers IPO?
- An Initial Public Offer (IPO) is one of the ways to buy shares of the company going to the public.
- If you are interested and wants to apply for Kalyan Jewellers IPO, the go with complete detail of company and IPO to make the right decision.
- To apply for an IPO you can use your saving to invest or you can borrow money from banks and other non-financial companies.
- The next important thing that is essential to apply for an IPO is to have Demate Account.
- Having a Demat Account with Angel Broking, know how to apply for IPO in Angel Broking?
- Other than this, you will able to apply for IPO through UPI. download any UPI apps and apply them without any difficulty.
- You can open a Demat account by submitting you PAN Card, Adhar Card, and Bank Details with any of the stockbroker like Angel Broking.
Our research is solely for educational purposes only. and doesn't constitute any Trading or Investment advice. can't be held liable for any Irregularity or Inaccuracy
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