Kalyan Jewellers India Limited IPO Message Board (Page 10)

Gmp of kalyan jewellers is still traded at 8 - 9 rs ..

These jewellery stocks are highly manipulated. I burn my hands previously in pcj jewellers.stay cautious. Not for long term. High debt company.

It is a good ipo

I have funds to apply in only one of the below IPO''s; please suggest which one would be better.

Suryoday Small Finance Bank Ltd
Kalyan Jewellers India Limited
Craftsman Automation Limited

Suryoday ke lie soch skte ho depending on the subscription so wait for the 3rd day in this.

Equity market mein invest karlo.. waha kam risk hain... yeh 3 mein toh sirf haath jalenge

मने तो यूं लागे के यो craftman और कल्याण ज्वैलर्स रिटेलर की IPO allotment न आने की शिकायत जरूर दूर करेगें।

ekdum chokha bolyo bhai saa

They have suffered huge loss in middle East. Remember PC jeweller how they have destroyed investor money. Don''t make a mistake of apply and getting your wealth destroyed in such companies.

If they don''t bring this IPO
I think this company will shut
IPO FUNDS ARE COLLECTED TO SAVE COMPANY FROM BANKRUPTCY
AND RETAILERS HAVE FILLED THIS IPO
TO MAKE COMPANY NOT GO BANKRUPT
SAME WITH CRAFTSMAN ALSO
EXIT BOTH KALYAN AND CRAFTSMAN IF U HAVE APPLIED
AND OTHERS DO NOT APPLY

1. There is no growth in the last 3 years.

2. The bottom-line is de-growing.

3. Asking P/E is 51x. Very high as compared to listed player like TBZ.

4. There is no moat in the business and lot of competition from unorganized sector.

5.Avoid Kalyan Jewller. Nothing great in the business. Plus asking valuation is high.

Huge Support in Grey Market at 8rs GMP in Kalyan Jewellers

Movements with Volume have Started in Grey Market in Kalyan Jewellers

I am Going to Avoid This IPO

🌟IPO Update

🔸️Easemy Trip IPO
GMP : 135-140

🔸Anupam Rasayan IPO
GMP: 145-148

🔸Laxmi Organics IPO
GMP: 75-78

🔸Craftsman Automation IPO
GMP : Nil

🔸Kalyan Jewellers IPO
GMP : Nil

🔸Nazara Tech IPO
GMP : 800-810

🔸Suryoday SFB IPO
GMP : 27-28

The recent issue of equity: The company allotted 9.8 cr equity shares to Highdell Investment Ltd at a price of Rs 50.58 on March 4, 2021. Given this price, the company''s asking price of Rs 87 for the IPO, which represents a premium of 72 per cent, seems quite high.
Same case like ABCAPITAL
Best of luck to all 😀

Gems and Jewellery sector is very risky...Should do one''s analysis properly before investing, GMP is also not huge to give a cushion of applying blindly.

Dear Lekkar
Apply
Qib and HNI going to subscribe above 10 times.
After seeing qib and hni apply.
Grey also very strong at Rs.7

Thank you sir, this is the plan if QIB 10x then its safe.

PE - 51
Price to Book - 4.2x

---- Valuations with Assumptions----
DCF Valuation - Rs.21
EPS growth valuation(w/o Margin of Safety) - Rs.62

---- Reason for Listing ----
- Fund the Working Capital requirements => Rs.600Cr to be used
- Corporate purposes => not more than Rs.200Cr

---- Market Info ----
- Indian jewelry market has expected growth rate of 22% in the next 4 yrs
- Kalyan has a 1.8% share of Indian Jewellery Marker while Titan has 3.9%
- Kalyan has 5.9% of the Organized jewelry market while Titan has 12.5%
- Demand of 40% from South, 25% from West, 20% from North and 15% from East of India

---- Business ----
- Since 1993, A Jewellery company design, manufacture and sell Gold, Studded & other jewellery
- Manufacture Jewels with help of Artisans from all over India who are contractors
- In Middle-East, plants are used to manufacture. Only 4-16% of the plant is utilized to manufacture
- has 107 showrooms in India and 30 showrooms in Middle-East. 60 new showrooms in the last 6yrs
- Also sell jewelry online
- Has ''My Kalyan'' customer centre to increase customer and opt for schemes
- has plans to increase the Studded jewellery
- Uses Futures and Options in Indian Commodities Exchange to hedge Gold price fluctuation

---- Comments ----
- Promoter have 45yr of experience in Retail, out of which, 25yrs is with jewelry
- 80% of revenue is from India and the rest is from Middle-East
- Jewellery type based on Revenue
=> Gold - 75%
=> Studded - 23%
=> Other - 2%
- 20% of revenue is obtained from the ''My Kalyan'' customer center
- 26% of revenue is from the purchase Advance scheme(where the money is paid in installments)
- 30% of revenue is from exchanging old purchases
- 0.5% of revenue is from Online sales
- South India contributed to 45% of revenue
- 2% of expense is coz of marketing
- Outstanding Borrowings of Rs.3667Cr is a worry
- Titan has better numbers than Kalyan in EPS, ROE

---- Litigations ----
- Case filed that unauthorized work of covering a niche area in the showroom
- Case filed against Promoter for adulteration that iron was mixed in Gold
- Case filed against Employee for being negligence and spread Corona to other employees
- Dispute over lease and security deposit and the plaintiff asks for Rs.1.5Cr+
- Many Regulatory compliance issues
- FIR against promoter in authorized usage of corporation land and under section 420 of IPC
- Outstanding Tax dues of Rs.444Cr
- Outstanding to Material Creditors - Rs.528Cr

Some listing gain possible, but better to buy from secondary market after listed, good portfolio stock

I expect a weak listing, perhaps even less than the issue price, given that the investors'' euphoria are way less. Cannot discount that the Company made losses in the current year and in FY 2018-19. I think the share prices may plummet post listing at least in the immediate term. But still this brand is of good repute and their assets are solid..so for any long-term investors would it not be better to buy these shares later at less prices, post listing ?

IPO veterans, whats your thoughts pls..

You tell how many issue you have purchased post IPO listing at discount?
IPO investor loves crowd (oversubscription) as they feel when so many are applying then they must be knowing some thing
Easy to buy at constant fixed price (mentally)

IPO are like sales. They sell as they sell at same fixed price to everyone

@arunArun

Okay, then whats your take on Kalyan IPO

It will be available definitely at below issue price.

How do you know that?
How many of your forecasts have turned true in a sequence?

GMP is too low , low issue price and a decent brand image doesn''t translate into good listing gains , will decide on the last day at 2.30 after looking at the subscription data by QIB and NII

Ok Mahashay...I hope once you apply, only then the subscription for retail will get full.

I am applying in all 6 ipo''''s.
This is my view of the same.

Anupam (old company, good capex during last 3 years, industry growth expected, chances of allotment 1:10, listing gain ~25%)
Laxmi (old company, monopoly in 1 product and market leader in many products, industry growth expected, chances of allotment 1:20, listing gain ~70%)
Craftsman (old company, almost all auto companies are its clients, next 5 years better for industry compared to last 5 years, EV will take time especially in India, chances of allotment 1:3, listing gain ~10%)
Kalyan Jewellers (famous company in jewellery business, lower prices of gold will attract more people since no one wants to buy gold at 50k, people save more hence investment in gold is natural, chances of allotment 1:5, listing gain ~15%)
Nazara (first mover fancy, gaming company, current trend seems extremely positive for online gaming companies considering covid abundance of cheap data thanks to jio, chances of allotment 1:50+, listing gain ~60%)
Suryoday SFB (all SFB''''s have done good starting with AU, Equitas, Ujjivan, chances of allotment 1:5, listing gain ~10%)

Please like if you find useful

Govt of singapore and monetary authority of singapore took more than 1/3rd of the anchor placement. Also hdfc life has taken around rs 10 cr shares.

Initially, I was thinking of skipping this ipo but after seeing the anchor placement list, I Will apply in kalyan too. At least listing will give some gain and chance of allotment is the highest among all 6 ipo.

Finally I will apply in all 6 ipos from all my 6 demat account for 1 lot. Why keep money idle in savings account

No I don''t apply in hni category. I am a beginner and learning things. When I will have plenty confidence and money, I will apply in hni category. I am in my early 30s and apply from my limited soure of extra money.

Loan to me, ur money will not be idle ever