Kalyan Jewellers was established by its founder and one of the Promoters, Mr. T.S. Kalyanaraman, who has over 45 years of retail experience, of which over 25 years is in the jewellery industry. The Company started its jewellery business in 1993 with a single showroom in Thrissur, Kerala.
Kalyan Jewellers is a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also has an international presence with 30 showrooms located in the Middle East as of June 30, 2020. All of its showrooms are operated and managed by the Company. In Fiscal 2020, revenue from operations of Kalyan Jewellers stood at Rs. 101,009.18 million, of which 78.19% was from India and 21.81% was from the Middle East. Kalyan Jewellers also sells jewellery through its online platform.
The Initial Public Offering comprises of equity shares of face value of Rs. 10 each (“Equity Shares”) of Kalyan Jewellers aggregating up to Rs. 17,500 million, comprising a fresh issue aggregating up to Rs. 10,000 million (“Fresh Issue”) and an offer for sale aggregating up to Rs. 7,500 million, comprising up to Rs. 2,500 million by Mr. T.S. Kalyanaraman (“Promoter Selling Shareholder”) and up to Rs. 5,000 million by Highdell Investment Ltd (“Investor Selling Shareholder” and together with the promoter selling shareholder, the “Selling Shareholders” and such offer, the “Offer For Sale” and together with the Fresh Issue, the “Offer”). The Offer includes a reservation aggregating up to Rs. 20 million, for subscription by eligible employees.
The Global Co-ordinators and Book Running Lead Managers (“GCBRLMs”) to the IPO are Axis Capital Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and SBI Capital Markets Limited. The Book Running Lead Manager (“BRLM”) to the IPO is BOB Capital Markets Limited.
The equity shares are proposed to be listed on BSE and NSE.