Kalyan Jewellers IPO: Kalyan Jewellers India Limited opened its initial public offer (IPO) of equity shares today i.e. March 16, 2021. The offer will close on March 18, 2021. The Price Band of the Offer has been fixed at Rs 86 to Rs 87 per Equity Share. Kalyan Jewellers India Limited is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report.

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Risks to Investors:

I. The five Lead Managers associated with the Offer have handled 32 public issues in the past three financial years, out of which 11 issues closed below the issue price on listing date.

II. The price/earnings ratio based on diluted EPS for Fiscal 2020 for the Company at the upper end of the Price Band is 58.39.

III. Average cost of acquisition of Equity Shares for the Selling Shareholders in the Offer ranges from Nil per Equity Share to Rs 56.61 per Equity Share and the Offer Price at upper end of the Price Band is Rs 87 per Equity Share.

The offer comprises initial public offering (IPO) of Equity Shares of the Company aggregating up to Rs 11,750 million, comprising

(a) a fresh issue aggregating up to Rs 8,000 million (“Fresh Issue”)

(b) an offer for sale aggregating up to Rs 3,750 million, comprising offer for sale of Equity Shares aggregating up to Rs 1,250 million by T.S. Kalyanaraman and offer for sale of Equity Shares aggregating up to Rs 2,500 million by Highdell Investment Ltd

The Offer includes a reservation aggregating up to Rs 20 million, for subscription by Eligible Employees.