Kalyan Jewellers IPO

Are you trying to look for information sregarding the Kalyan Jewellers IPO? We got you covered.

We bring you every piece of information, review, rating, pricing, etc., relating to the IPO. Moreover, we’ll list the advantages and disadvantages of investing in this IPO.

But, before we move ahead with the details, you need to understand what an IPO is.

IPO, aka Initial Public Offer, is a way to raise capital by a corporate entity to expand its business. In this process, the company goes public. A company tries to accumulate money by asking public investors to invest in the company.

IPOs are considered to be a part of the primary market in the stock industry.

More information about the Kalyan Jewellers IPO has been provided below.

Kalyan Jewellers IPO Review

Kalyan Jewellers is a famous jewelry brand in India, and it also has multiple outlets in the Gulf Region. It ventured into the retail jewelry business in 1993. It is headquartered in Thrissur, Kerala.

The craftsmanship at Kalyan Jewellers is highly appreciated as it represents and showcases the rich Indian Heritage, Culture, and Diversity. It offers multiple products in Gold, Diamonds, other precious metals, and Precious stones.

Below is the statement’s financial analysis for Kalyan Jewellers.

A firm has to report its finances at the end of every financial year. Below is a table of Kalyan Jewellers’ finances.

 

Before making a decision about should you invest in Kalyan Jewellers IPO, know its earnings per equity share. The following table has data about this for the last three financial years.

 

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Kalyan Jewellers IPO Date

According to the latest information, the Kalyan Jewellers IPO has been approved by SEBI. Thus, the issue date is as given in the table below:

 

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Kalyan Jewellers  IPO Price

Next in the Kalyan Jewellers review, we will cover the Kalyan Jewellers  IPO Price. Basically, IPO Price includes two main prices; the Issue price, and Listing price. 

IPO issue price is a price at which any company offers its shares to the investors for the first time in the share market whereas, the listing price is a price at which shares get listed in the stock exchange. 

The Kalyan Jewellers IPO Price is [●] Equity shares aggregating up to ₹ 1,750 Cr out of which the Fresh Issue size is approximately [●] Equity shares aggregating up to ₹ 1,000  Cr.

And, Offer for sale is [●] Equity shares aggregating up to ₹ 750 Cr.

Besides, Kalyan Jewellers Limited has fixed a price band of ₹86 – ₹87 per equity share. So here you would be able to make a minimum investment of up to ₹14,792 and a maximum investment of up to ₹1,92,296.

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Kalyan Jewellers IPO Market Lot

Various details about the IPO are essential for an investor. Two of them are Minimum Order Quantity and Market lot.

As the name suggests, the minimum order quantity is the number of shares an investor is mandated to buy while he invests in the IPO.

In case a trader decides to invest in shares more than this number, he can do so by investing in multiples of minimum order quantity.

The information about the minimum order quantity or the Kalyan Jewellers IPO is in the table below:

 

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Kalyan Jewellers IPO Allotment & Listing

The registrar of IPO publishes a document named – IPO Basis of Allotment. This document is published after the details of share allocation have been finalized.

These pieces of information are made public to allow investors to make decisions beforehand.

The information about Kalyan Jewellers IPO Allotment & Listing is listed in the following table:

 

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Kalyan Jewellers IPO Grey Market Premium

The Grey Market Premium (GMP) price for Kalyan Jewellers IPO is ₹2, Subject to Sauda is X, and the Kostak is ₹ X.

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Kalyan Jewellers IPO Promoters

Promoters play a very crucial role in raising the required capital for the business entity.

There are three promoters for this IPO. They are Mr. T. S. Kalyanaraman with a 27.41% stake, and Mr. Seetharam and Mr. T. K. Ramesh has a stake of 22.17% each.

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How to Apply For Kalyan Jewellers IPO

All the investors who have a demat account are eligible to buy IPO using the two methods, i.e., via ASBA with banks and through the respective broker’s online portals.

Let’s understand the process of applying for buying shares through an IPO.

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Apply For Kalyan Jewellers IPO Through ASBA

Firstly, you must know what ASBA is. ASBA stands for Application Supported by Blocked Amount. It is an application provided by the bank to apply for an IPO.

You apply through ASBA via bank because initially, the bank covers the expense of buying the IPO. This amount is debited from your account only after receiving the shares of IPO allotment in your Demat account.

All significant banks of the country extend this facility of ASBA. Approximately 30 banks are on this list, and some of them being – IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

This facility can be extended once after they are authorized to do so. These banks block the corresponding amount until the process of IPO allotment is concluded.

Now, many of you might be thinking about how to apply the Kalyan Jewellers IPO through ASBA. The process can be completed online or offline at your convenience.

Other than this, you can also bid for the IPO by using the online portal of your stockbroker (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

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Kalyan Jewellers Company Information

Kalyan Jewellers is considered one of India’s oldest family businesses, dated back to as early as 1908. They have been in the industry for more than a century and are a well-established name across India.

The group’s foundation has been laid with ethics, honesty, and transparency at the core of all business practices. The journey started with a noble cause of self-sustenance and nation-building in a pre-independent India.

The foundation stone of Kalyan Jewellers was laid down in 1993. As of June 30, 2020, there are 137 outlets across India and abroad (Gulf Cooperation Council – GCC).

Kalyan Jewellers is a well-known name in the Indian jewelry industry. The brand is identified for traditional and contemporary jewelry designs.

With the increasing popularity, it is set to open several outlets abroad – Malaysia, Singapore, USA, Sri Lanka, etc.

The jeweler caters to the customer’s unique preferences, which varies significantly with the change in geography. They meet this goal by using region-specific marketing strategy and their local market expertise.

Moreover, according to a report, Kalyan Jewellers was among the few jewelry companies who voluntarily got all of their jewelry BIS hallmarked.

This act was accompanied by a detailed price tag to maintain transparency for the customers.

The “My Kalyan” customer outreach has helped in intensifying the trust of their customers. The dedicated employees at My Kalyan center engage in door to door marketing to promote their products and showcase their brand.

Before you invest in the Kalyan Jewellers IPO, you must know if it is expected to be a boon or bane for the investor.

So, let’s discuss this. 

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Kalyan Jewellers IPO: A Boon or A Bane

Being a company established 27 years ago and a group founded more than a century ago, the trust quotient is high. Let’s have a look at their competitive strength in the market.

1. It is an established brand with core values such as trust and transparency.
2. The extensive “My Kalyan” network enables deep customer outreach.
3. The hyperlocal strategy enables them to cater to a broader base of customers in varied segments and geographical areas.
4. It has one of the largest jewelry companies, with a prominent offline presence in India.
5. Kalyan Jewellers offers a wide range of products that targets a diversified set of customers.
6. Visionary promoters lead it with strong leadership qualities. Further, the senior management team and board of directors are highly accomplished and experienced in their fields.
7. A very strong, effective, and efficient internal control process supports the organization to grow steadily. It also contributes to the expanding showroom network pan India as well as globally.

One thing to keep in mind before you decide to invest in Kalyan Jewellers IPO is that currently, no shares are listed on BSE and NSE, which makes it nearly impossible to predict the price movement in the long run.

But, if we look at the reason for issuing an IPO, it will be diverted for working capital requirements and general corporate purposes. Since the capital is not being raised for clearing debts, profits can be expected in the long run.

The mentioned reason shows that the company is planning on expanding its business.

Thus, if you are a beginner or looking for a safe investment via IPOs, this is your call.

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Kalyan Jewellers IPO FAQs

1. What is Kalyan Jewellers IPO?

To raise capital for working requirements and general corporate purposes, Kalyan Jewellers is issuing its IPO.

     2. When will the Kalyan Jewellers IPO open?

The dates for opening and closing of this IPO is 16 March 2021 and 18 March 2021, respectively..

    3. Under which category, eligible candidates can bid in Kalyan Jewellers IPO?

The investor categories are to be announced soon.

    4. How can I apply for the Kalyan Jewellers IPO?

You can apply using the following ways:

• ASBA via Banks (Citi Bank, Corporate Bank, etc.)
• Online portals of various brokers (Zerodha, Motilal Oswal, IIFL, etc.)

    5. What is the most expected date of Kalyan Jewellers IPO?

Opening Date= 16 March 2021

Closing Date= 18 March 2021

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