Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
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:
- 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 the Joylukkas 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.
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
|Revenue From Operation||80,918.42||80,237.88||80,662.93|
|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
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|Competitor||Fy 2019||Fy 2020||Fy 2021|
|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 has filed for a Rs 2300 crore IPO.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
Details not available.
Retail investors need to apply for a minimum of one lot.
Details not available.
The IPOs will list on BSE and NSE.
Usually, it takes around ten business days from the last day of the subscription to list the IPOs on the exchange.
Once you receive the IPO allotment, the shares will be credited to the Demat account.
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.
Yes, NRIs can apply for IPO using the Angel One app if their bank supports for NRE/NRO account.
Joy Alukkas started the jewellery brand Joyalukkas in 1978.