IPO Details
Below are key details about the IPO of the Company
- IPO Start Date – 16th Mar 2021
- IPO End Date – 18th Mar 2021
- IPO Price – INR 86 – 87
- IPO Lot Size – 172
- Minimum investment required – INR 14,964
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Business Details
Kalyan Jeweler as the name suggests is a Jewelry Company. It is one of the largest Jewellery Company in India. It has presence in India and Middle East with its network of 135 shows rooms. The Company is present in 21 states and union territories of India. It has more than 100 showrooms in India covering almost entire stretch of mainland India.
It also has presence in Middle East countries like UAE, Qatar, Kuwait and Oman. In these countries it has around 20 odd showrooms. Thus it also has decent presence in these countries along with India.
Below are different brands from the Company along with products created under those category
- Mudhra
- Hand crafted antique Jewellery like Chokers, Necklace and bangles
- Nimah
- Gold Jewellery like Necklace, Ring and Chains.
- Anokhi
- Uncut Diamond Jewellery
- Rang
- Gemstone Jewellery like Emerald or Ruby in Gold
- Tejasvi
- Polki Diamonds jewelleries like bracelets, Maang Tikas and neck pieces
- Ziah
- Diamond jewellery like Pendant, Bracelets and Rings
- Laya
- Special diamond jewellery and Gold is of Pink color to give it uniqueness
- Glo
- Diamond pendants etc
- Vedha
- Antique uncut diamond jewellery
- Apoorva
- Theme based jewellery for example Wedding
- Hera
- Affordable range of Diamond Jewellery for everyday generic use
It also has online store and sells products under the brand name Candere. The online website is decent and I loved browsing through the website. Though the products are also available on other eCommerce websites as well.
Financial Snapshot
Below are key financials of the Company for year ending 2021 (9 months). Impacted by Pandemic Corona.
- Total Income – 5,550
- Profit for year – -799
IPO Subscription Status
Below is IPO Subscription status of the Company. I will be updating this section with time.
- QIB – 0.00 times
- NII – 0.00 times
- RII – 0.00 times
- Employee – 0.00 times
- Total Subscription is 00.00 times
Below is meaning of the Key terms used above
- QIB is (Institutes or Mutual Funds like HDFC AMC etc)
- NII is (People bidding for more than 2 lakhs in IPO application)
- RII is (People bidding for less than 2 lakhs)
- Employee and Others are Reserved Quota Investors.
My Opinion
As mentioned above it is one of the largest branded jewellery Company in India. Jewellery sector as a whole has not performed well for Investors. There were bad news for Companies from that sector. With exception of Titan which also has additional revenue source like Watches etc Companies from this sector have struggled.
The sector is still dominated by unorganized sector players. So there is room for growth in the Sector. But personally I am not bullish in the sector. The brand name of Titan may well have major share in branded space with local unorganized players may remain in play in days to come. As people often like the personal trust with local players as major buying decision.
It will be interesting to see how well it is received by Investors. I am not suspecting fair subscription for it. You should read the Make Money with IPO article before planning to invest in this Company as it may not give listing gain or may have slight listing gains.