Backed-up by equity firm Warburg Pincus the Kerala based jewellery retailer Kalyan Jewellers is likely to announce their IPO to raise additional capital. The jewellery retailer has filed Draft Red Herring Prospectus, or Offer Document (OD) for Rs 1,750 crore as an Initial Public Offer (IPO). The jewellery showroom chain received a nod from market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO) last month on October 15 2021. But before we get into the specifics about the IPO, let’s take a look at the company profile in more detail.
Kalyan Jewellers Company Profile
The jewellery brand is one of the largest in India. The company started their jewellery business in Kerala in 1993 with a single showroom in Thrissur. Today the company owns 107 showrooms in 21 different states along with 30 showrooms in the Middle East. You can also visit their online website: www.candere.com to see the range of jewellery options available for sale. The company is headquartered in Thrissur, Kerala.
As part of the company’s revenue breakup, the company makes:
· 74.77% of their revenue from Gold.
· 23.36% of their revenue from studded jewellery.
· 1.83% of their revenue from others.
Due to the wide range of jewellery options and the craftsmanship involved in the creating unique jewellery preces, the company has managed to create a strong brand presence in a short span of time. The official brand ambassador for Kalyan Jewellers IPO is Mr. Amitabh Bachchan.
Kalyan Jewellers Financials
Kalyan has grown as a brand in the market, with the value of its goodwill increasing y-o-y. However, how has it done financially? Let’s take a look at its financials for the last three years.
This indicates that as of 2021, the company has substantial assets and is projecting revenue growth with profit trajectory looking good.
Kalyan Jewellers IPO Promoters
When raising public capital, promoters play a vital role for a business entity.
There are three promoters for Kalyan IPO:
· Mr. T.S. Kalyanaraman with 27.41% stake.
· Mr. Seetharam with 22.17% stake.
· Mr T.K. Ramesh with 21.17% stake.
Kalyan Jewellers IPO Data and Price
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