Home / Markets / IPO / Kalyan Jewellers IPO opens Tuesday: A good long-term bet, say analysts

Kalyan Jewellers IPO opens Tuesday: A good long-term bet, say analysts

The company's performance was impacted significantly during fiscal 2018-19 and in the nine months of the current fiscal (9MFY21) due to natural calamities in the South India and Covid-19 pandemic

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Nine months of the current fiscal (9MFY21) were also impacted by the Covid-19 pandemic’s outbreak, leading to losses of Rs 80 crore

Chirinjibi Thapa New Delhi

4 min read Last Updated : Mar 16 2021 | 12:25 AM IST

The Rs 1,175-crore initial public offering (IPO) of Kalyan Jewellers India (KJIL) opens today (March 16) with a price band of Rs 86-87 per share. The IPO comprises of issuance of fresh equity up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore.

One of India’s largest jewellery retailers, Kalyan’s key businesses include design, manufacture, and sale of a variety of gold, studded and other jewellery products for various occasions, including weddings and daily wear.

The company’s performance was impacted significantly during financial year 2018-19 (FY19) due to natural calamities in South India. Nine months of the

Topics : Markets Kalyan Jewellers initial public offerings IPOs

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