Kalyan Jewellers overview and its IPO details:

Kalyan Jewellers founded in 1933 by T.S. Kalyanaraman. Kalyan Jewellers India Ltd. began its operation with one small showroom in Thrissur, Kerala. The company design, manufactures and sells various variety of gold and other jewellry products.

The company has come long way in last 28 years. Today company has 127 showrooms in across 21 states and union territories in India. Kalyan Jewellers is now one of the largest jewellery company in India.

One of the major reason of the Kalyan Jewellers become successful is its brand image which represents trust and reliablity. The company has 30 showrooms in gulf region.

Kalyan Jewellery is India's first gold company that has to have BIS hallmark on their product. BIS hallmark is a hallmark system for gold as well as silver jewelleries in India which certifies the purity of these metal.

They also setup 750 customer supports centers in India which functions as feeders to the showrooms. They always keep their customers forefront which makes them to become a most trustworthy brand and also giving them a loyal customer base.

The promoter of the company are Mr T.S. Kalyanataman, T.K. Seetharaam, Mr. T.K. Ramesh. Mr T.S. Kalayanraman has 45 years of retail experience out of which 28 years in jewellery industry

IPO Details

IPO size Rs 1175 Cr

Fresh issue Rs. 800 Cr

Offer for sale Rs 375 Cr

Opening Date 16/March/2021

Closing Date 18/March 2021

Face Value Rs 10/equity share

Lot size Rs 172 share

Listing date 26/March/2021

Purpose of Kalyan Jewellers IPO:

The main purpose of Kalyan Jewellers IPO is (a) To finance business working capital requirements. (b) To meet general coorporate purposes.