Kalyan Jewellers IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Kalyan Jewellers IPO Subscription

Kalyan Jewellers IPO Subscription Status: FINAL

Kalyan Jewellers Limited, incorporated in 1993, with a single showroom in Thrissur, Kerala are one of the largest jewellery companies in India based on revenue as of March 31, 2020. They have since expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also have an international presence with 30 showrooms located in the Middle East as of December 31, 2020.

Investor CategoryQuotaSubscription
Institutional (QIB)50%2.76x
Non-Insti. (HNI)15%1.91x
Retail (RII)35%2.82x
Employees3.74x
Total Subscription100%2.61x

Kalyan Jewellers IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.24x2.76x
HNI0.20x0.89x1.91x
Retail1.10x1.90x2.82x
Employees1.15x1.91x3.74x
Total0.59x1.21x2.61x

Kalyan Jewellers IPO Subscription: Analyst Recommendations

Angle Broking – Subscribe

“The pre-issue TTM EV/Sales works out to 1.4, which is low compared to Titan Company (7.7x). However, Titan company has a better financial track record compared to KJIL. Going forward, we believe that KJIL would perform better”

CHOICE BROKING – AVOID [ Report ]

“At higher price band of Rs. 87, the company is  demanding a TTM P/S valuation of 1.2x, which is  at a significant premium to the  peer  average  of  0.4x  (excluding Titan  Company  Ltd.)”

Geojit Capital – SUBSCRIBE

“At the upper price band of Rs 87, the pricing is on the higher side, but on a long-term basis, Kalyan jewellers is available at one-year forward estimated P/E of 25x (on FY23E basis).”

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Kalyan Jewellers IPO Subscription: Key IPO Details

201820192020 Mar2020 Dec
Revenue from Ops₹1,054.79 Cr₹9770.08 Cr₹1,010.09 Cr₹5516.70 Cr
Profit before Tax₹213.79 Cr₹20.93 Cr₹220.89 Cr₹(59.12) Cr
Profit after Tax31.53 Cr₹97.37 Cr₹41.07 Cr₹(79.95) Cr
EPS (Basic)1.70(0.04)1.70(0.96)
As of March 2020EPSP/E (Floor)P/E (Cap)
Based on basic EPS1.7050.5951.18

Comparison with listed industry peers

CompanyP/E (Cap)
Kalyan Jewellers51.18
Sector Highest84.23
Sector Lowest84.23
Sector Average84.23
Based on RHP

Kalyan Jewellers IPO Subscription – FAQs

1. How to apply for Kalyan Jewellers IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Kalyan Jewellers in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP

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