Joyalukkas IPO

Joyalukkas IPO (Initial Public Offering) is raised for Rs.2300 Cr with SEBI (Securities and Exchange Board Of India). Joyalukkas is one of the leading jwellery brands which has 85 showrooms across India.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Joyalukkas IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Joyalukkas

Joyalukkas India was started in the year 2002 In Kottayam, Kerala, and became one of the largest retail and e-commerce brands. They have a huge product range that includes diamonds, silver and precious stones. As of January 31, 2022, the company has a product portfolio of over 1,00,000 jewellery designs across a huge range of price points. Their major business included both selling and making jewellery .

Though the company believed in large showroom formats, Joyalukkas India went online in 2018 to gain a wider customer base. To have a larger online presence, the company also recently started listing its products on leading e-commerce websites to have a hike in sales. The brand is working on its application development to further increase the engagement of online customers.

Joyalukkas IPO Objectives

Here are a few quick reasons why Joyalukkas India Limited going public:

- The fund will be used for the development of the new showrooms.
- The company will be using the fund to further enhance the brand image, resulting in more visibility among old & new customers.

Why should you invest in Joyalukkas IPO?

Below are your top 2 reasons:

  • The organised jewellery retail share market is expected to increase from 32% FY2020 to 40% of the total jewellry market in Fiscal 2025.
  • The revenue of the brand has been consistently higher in the last three Fiscal years.

Financial Highlights

Particulars For The Year/Period Ended (₹ In Cr)
  FY 19 FY 20 FY 21
Revenue From Operation 80,918.42 80,237.88 80,662.93
EBITDA 5,876.76 6,488.56 9,462.51
EBITDA Margin (%) 7.26 8.09 11.73
Profit After Tax 1,161.38 407.05 4,717.54
EPS
ROE 7.36% 3.26% 27.42%

How to apply for Joyalukkas IPO?

There are two ways by which investors can choose to start trading. One is through UPI, and the other is with the help of a Demat account. The processes are discussed below:

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Joyalukkas IPO and approve the payment on your UPI ID.

Demat Account

Joyalukkas IPO - Noteworthy Highlights

  • One of the pioneers in the Indian Jewellry Market.
  • The brand’s total showroom counts have grown to 85 showrooms across 65 cities.
  • In FY21, Joyalukkas recorded the highest profit after tax margins among the top players of India.

The Brand’s Pros & Cons:

Pros Cons
One of the key strength of the brand is its ability to modify with consumer preferences and market trends. As the brand invests a lump sum amount of money on showroom buildings, further impacts of the pandemic and “restriction on the freedom to move”, can highly impact the sales revenues.
The brand has a diverse product range due to localised jewellery manufacturers. Disruptions of services may occur due to general factors like unavailability of raw materials, fluctuation of demands, interference in the supply chain, etc.
Their competitive pricing for the products makes them stand out among their competitors. Any deterioration in maintaining and enhancing the awareness of the brands can lead to financial damages.
The brand concentrates on a large format showroom which contributes to massive revenue & EBITDA margins. As the showrooms are mostly situated in South India, any severe development can affect the financial conditions.

Competitive Analysis: Market Peers

With the immense growth in jewellery industry, Joyalukkas faces a lot of challenges from the competitor brands. Below are a few jewellary-based market players and their comparison on return of capital employed.

Return Of Capital Employed:

Company FY 2019 FY 2020 FY 2021
GRT Jewellers 19.38% 16.00% NA
Kalyan Jewellers India Ltd 13.25% 24.76% 19.25%
PC Jeweller Ltd 4.33% 6.04% 4.60%
Senco Gold Ltd 29.7% 26.34% 18.36%

Joyalukkas IPO FAQs

When will Joyalukkas IPO allotment be available?

There is no announcement regarding the date of allotment.

What will be Joyalukkas IPO lot size?

Details regarding the lot size of the IPO aren't announced.

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