IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

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. 

Joylukkas IPO Objectives:

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

  1. The fund will be used for the development of the new showrooms. 
  2. 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 the Joylukkas IPO?

Below are your top 2 reasons:

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

Joylukkas 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, Joylukkas recorded the highest profit after tax margins among the top players of India

IPO Financials

FY19 FY20 FY21
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
ROE 7.36 % 3.26 % 27.42 %

Know before investing



One of the key strength of the brand is its ability to modify with consumer preferences and market trends

The brand has a diverse product range due to localised jewellery manufacturers

Their competitive pricing for the products makes them stand out among their competitors

The brand concentrates on a large format showroom which contributes to massive revenue & EBITDA margins



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

Dependence on a limited number of customers for a significant portion of revenue.

The firm provides a variety of products and services in a number of jurisdictions outside of India, exposing it to the risks associated with doing business in several nations.

As the showrooms are mostly situated in South India, any severe development can affect the financial conditions

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Peer Comparison

Competitor 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%

What is Joyalukkas IPO?

Joyalukkas has filed for a Rs 2300 crore IPO.

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.

When will Joyalukkas IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When is the Joyalukkas IPO listing date?

Details not available.

Which exchanges will Joyalukkas list on?

The IPOs will list on BSE and NSE.

When will Joyalukkas list on exchanges?

Usually, it takes around ten business days from the last day of the subscription to list the IPOs on the exchange.

How will I receive shares?

Once you receive the IPO allotment, the shares will be credited to the Demat account.

Is it necessary to approve a UPI mandate request immediately?

You will have to approve the UPI mandate within T+1 days. The amount will not get debited immediately, but the bank will freeze the funds against the IPO bid until the UPI mandate expiry date.

Is it possible for NRIs to use Angel One App to apply for Joyalukkas IPO?

Yes, NRIs can apply for IPO using the Angel One app if their bank supports for NRE/NRO account.

Who is the owner of Joyalukkas?

Joy Alukkas started the jewellery brand Joyalukkas in 1978.