Company Promoters:

Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are the company promoters.

Company Details:

    Kalyan Jewellers India Limited is one of the largest jewellery companies in India based on revenue as of March 31, 2020 according to the Technopak Report. The company's domestic showrooms covered a total aggregate area of 465235 sq. ft. and Middle East showrooms covered a total aggregate area of 38056 sq. ft. 

    Kalyan Jewellers was established by their founder and one of the Promoters Mr.T.S Kalyanaraman, who has over  45 years of retail experience, of which over 25 years is in the jewellery industry. They started jewellery business in 1993 with a single showroom in Thrissur, Kerala. Company is supported by an experienced board    of directors which consists of eminent personalities from varied fields such as banking and finance, retail, marketing and regulatory bodies and includes former CEO of Shoppers stop, former CEO of L&K Saatchi & Saatchi, the former deputy Governor of RBI, as well as former leaders of well-reputed banking institutions  such as Catholic Syrian bank, Indian Overseas bank and State Bank of Travancore. Furthermore, their  shareholders include Highdell, belonging to the Warburg Pincus group.

    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 December 31,2020. They also sell jewellery through its online platform at www.candere.com.

    Kalyan Jewellers design, manufacture 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, which is their highest-selling product category, to daily-wear jewellery. One of their key competitive strengths is their ability to operate as a hyperlocal jewellery company. They endeavour to cater to their customers’ unique preferences, which often vary significantly by geography and micro market, through their local market expertise and region-specific marketing strategy and advertising campaigns.



    The grassroots “My Kalyan” customer outreach and service centre network is another key element of their hyperlocal strategy which enables them to be a neighbourhood jeweller and is focused on marketing and customer engagement across urban, semi-urban and rural areas in India. For the FY18 to FY20 and 9 months period ended on December 31, 2020, the company's advertisement spending was in the range of 2.07% to 3.04%. Company Brand ambassador are  top movie stars like Amitabha Bacchan, Nagarjun, Prabhu, Shivaraj Kumar, Manju Warrier etc. 

ISSUE DETAILS:-
To part finance its need for working capital (Rs. 600 cr.) and general corpus funds, KJIL is coming out with its maiden combo IPO of fresh equity issue worth Rs. 800 cr. and an offer for sale (OFS) of Rs. 375 cr. taking the total issue size to Rs. 1175 cr. It has fixed a price band of Rs. 86 - Rs. 87 per share for shares having a face value of Rs. 10 per share. The company will be issuing 91954124 as fresh equity shares and 43103448 shares as OFS (total 135057572 shares).

Issue Period

Opens on: Tuesday, March 16, 2021

Closes on: Thursday, March 18, 2021

Price Band

Rs.86/- to Rs.87/- per equity shares .

Employee Discount

Rs.8/- per equity shares .

Bid Lot

172 Equity share and in multiple of 172 equity share thereafter.

Issue Size

Rs.1175 Cr

Employee Reservation

Up to Rs.2/- crs

Issue break-up

QIB  - 50 % of the offer -  Rs. 586.50 Cr

NIB  - 15 % of the offer -  Rs. 175.95 Cr

RET - 35 % of the offer -  Rs. 410.55 Cr

Listing

BSE & NSE

Registrar

Link Intime India Private Limited

UPI
Allotment DateMar 23, 2021
Initiation of RefundsMar 24, 2021
Credit of Shares to Demat AccountMar 25, 2021
IPO Listing DateMar 26, 2021