Kalyan Jewellers Ltd

About the Company:

Kalyan Jewellers Ltd is one of the largest jewellery companies in India based on revenue.

Company started our jewellery business in 1993 with a single showroom in Thrissur, Kerala.

Company designs, manufactures and sell a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings to daily-wear jewellery.

In Fiscal 2020, 74.77% of our revenue from operations was from the sale of gold jewellery, 23.36% was from the sale of studded jewellery (which includes diamonds and precious stones), and 1.87% was from the sale of other jewellery.

Over the years company has expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also have an international presence with 30 showrooms located in the Middle East as of June 30, 2020.

Company also sells jewellery through our online platform at www.candere.com.

 

“My Kalyan” Neighbourhood Centres:

Company’s “My Kalyan” network consists of multiple service centres that are located in a wide radius around most of our showrooms.

Company employs dedicated “My Kalyan” personnel at these service centres who engage in door-to-door and other direct marketing efforts within their local communities to promote brand “Kalyan”.

“My Kalyan” network contributed 17.02% of our revenue from operations in India and 30.88% of the enrolment to our purchase advance schemes in India in Fiscal 2020.

As of June 30, 2020, we had 761 “My Kalyan” locations and 2,338 dedicated “My Kalyan” employees.On average, company has approximately seven “My Kalyan” locations per showroom.

 

 

Kalyan Matrimony Business:

Kalyan Jewellers has an online matchmaking site named Kalyan Matrimony at www.kalyanmatrimony.com, enabling users to explore potential marital partners.

Company is able to leverage customer data from our Kalyan Matrimony site to identify potential jewellery customers well before their wedding and to send targeted advertisements to promote brand awareness, particularly for wedding-related jewellery.

 

Revenue from India & Overseas: (Fiscal 2020)

  • Company’s revenue was Rs.10,100.9 crores, of which 78.19% was from India and 21.81% was from the Middle East.

 

 

Showroom Expansion (From 2015 to 2020):

Company’s total showrooms have increased from 77 as of March 31, 2015 to 137 as of June 30, 2020.

Between April 1, 2015 and June 30, 2020, Kalyan Jewellers opened 60 net new showrooms at an average rate of approximately 12 showroom openings per year across multiple regions,

 

 

Impact of COVID-19: (March 2020 to May 2020)

Due to a government mandated lockdown in India, company had to temporarily close all of our showrooms, “My Kalyan” centres, manufacturing facilities, procurement centres and offices from mid-March to May 2020.

Company’s operations in the Middle East were similarly impacted during this period, and given the slowdown in the general economy of the Middle East countries in which we have operations, we chose to permanently close seven of our showrooms.

 

Management Team:

  1. Mr. T.S. Kalyanaraman (Designation: Chairman and Managing Director)
  2. Mr. Mr. T.K. Seetharam (Designation: Designation: Whole-time Director)
  3. Mr. T.K. Ramesh (Designation: Whole-time Director)

 

 

 

Objectives of the Issue:

Offer for Sale: (Rs.)

  • Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to receive their respective portion of the proceeds from the Offer for Sale.

 

Fresh Issue: (Rs.)

  • Funding working capital requirements of our Company.
  • General corporate purposes.

 

 

Financials of the Company:

(in Crores) FY 18 FY 19 FY 20
Revenue 10,580.2 9814.0 10,181.1
Net Profit 140.9 (-4.8) 142.2

 

 

IPO Details:

Details Info
Issue Opens on Will be Updated
Issue Closes on:. Will be Updated
Issue Price Will be Updated
Face Value Will be Updated
Retail Category Allocation Will be Updated
Minimum Lot Will be Updated
Minimum Investment Will be Updated
Issue Constitutes Will be Updated
Issue Size Will be Updated
Market Cap Will be Updated
Listing at NSE & BSE
Equity Shares Offered Will be Updated
Equity Shares Prior to the Issue 83,91,41,600
Equity Shares after the Issue Will be Updated

 

Important Dates:

Finalization of Basis of Allotment Will be Updated
Initiation of Refunds Will be Updated
Credit of Equity Shares: Will be Updated
Listing Date: Will be Updated

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.49 Will be Updated 6.63% 25.71

 

 

Check IPO Allotment Status:

Link InTime: https://linkintime.co.in/PublicIssue/

BSE IPO Website: https://www.bseindia.com/IPO/Allotment

 

 

Company Contact Info:
Kalyan Jewellers Ltd
TC-32/204/2,
Sitaram Mill Road, Punkunnam
Thrissur, Kerala – 680 002
Tel: +91 487 24 37 333
E-mail: compliance@kalyanjewellers.net;
Website: www.kalyanjewellers.net

 

 

IPO Registrar Info:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400083
Telephone: +91 22 4918 6200
Email: kalyan.ipo@linkintime.co.in
Website: www.linkintime.co.in