Kalyan Jewellers - IPO
Issue opens 16th March 2021
Kalyan Jewellers is one of India's largest Jewellery companies. The key business activities of the company is to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions i.e. wedding, festivals, etc.
Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located across 21 states and union territories in India. It not just serves the domestic market but also serves overseas customers with 30 showrooms located in the Middle East. The company generates a significant portion of revenues from gold jewellery, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewellery segments.
Competitive strengths
- One of India's largest jewellery companies.
- Trusted Jewellery brand.
- Strong network distribution with global outreach.
- Wide range of jewellery product offerings.
- Experienced promoters and managers.
Company Promoters:
- Mr. T.S. Kalyanaraman, Mr. T. K. Seetharam, and Mr. T. K. Ramesh are the company promoters.
Company Financials
Particulars | For the year/period ended (Rs in Million) | |||
Summary of financial Information (Restated) | 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 | 1,01,810.16 | 98,140.29 | 1,05,801.99 |
Profit After Tax | (799.48) | 1,422.75 | (48.64) | 1,409.97 |
Objects of the Issue:
The IPO proceed will be utilized towards the following business purposes:
- To finance business working capital requirements.
- To meet general corporate purposes.
Issue Details