Indian jewellery major Kalyan Jewellers India on March 11 fixed the price band at Rs 86-87 per share for its initial public offering (IPO).
About Company
Kalyan Jewellers was established by founder TS Kalyanaraman, who has over 45 years of retail experience, of which over 25 years is in the jewellery industry.
The key business activities of the company is to design, manufacture, and sell a variety of gold, studded and other jewellery products
IPO details
| Open Date: | Mar 16 2021 |
| Close Date: | Mar 18 2021 |
| Total Shares: | 13,50,57,271 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Built |
| Issue Size: | 1175 Cr. |
| Lot Size: | 172 Shares |
| Issue Price: | ₹ 86-87 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Mar 26 2021 |
| Employee Quota | 2 cr. Shares |
The company plans to raise ₹1,175 crore through the offer which comprises issuance of fresh equity aggregating up to ₹800 crore and an offer for sale (OFS) worth ₹375 crore.
The offer for sale consists of a sale of Rs 125 crore worth of shares by promoter TS Kalyanaraman and Rs 250 crore by investor Highdell Investment.
IPO Proceed
The IPO proceed will be utilized towards the following business purposes;
- To finance business working capital requirements.
- To meet general corporate purposes.
Company’s Financial
| Particulars (Rs in million) | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 81,229.88 | 82,186.80 | 80,599.14 | 85,512.31 |
| Total Revenue | 55,497.98 | 101,810.16 | 98,140.29 | 105,801.99 |
| Profit After Tax | (799.48) | 1,422.75 | (48.64) | 1,409.97 |
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