Joyalukkas Ltd. IPO Details
Joyalukkas was incorporated as Joy Alukkas Traders on April 22, 2002. The company is a leading Jewellery company. The jewellery business includes the sale of jewellery made of gold, studded and other jewellery products that include diamond, platinum, silver and other precious stones. The company operates 85 showrooms under the “Joyalukkas” brand located across 68 cities in India with an aggregate area of approximately 344,458 square feet, as of January 31, 2022.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹23,000.0 M | DRHP DOC |
Joyalukkas Ltd. issue details
Joyalukkas Ltd. IPO issue size is ₹ 23,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Joyalukkas Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Joyalukkas Ltd. NUMBER OF SHARES ON OFFER
Joyalukkas Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY22 | 2,689.5 | 40,122.6 | 250.1 | -8.1 | 12.4% |
| H1FY21 | 2,486.1 | 20,887.7 | 1,373.4 | 1,291.9 | 23.7% |
| FY21 | 4,717.5 | 80,662.9 | 3,308.9 | 3,038.8 | 11.7% |
| FY20 | 407.1 | 80,237.9 | -339.1 | -808.2 | 8.1% |
| FY19 | 1,161.4 | 80,918.4 | 2,388.7 | 1,868.5 | 7.3% |
Joyalukkas Ltd. INFORMATION ON IPO ISSUE
About Joyalukkas Ltd.
Joyalukkas was incorporated as Joy Alukkas Traders on April 22, 2002. The company is a leading Jewellery company. The jewellery business includes the sale of jewellery made of gold, studded and other jewellery products that include diamond, platinum, silver and other precious stones. The company operates 85 showrooms under the “Joyalukkas” brand located across 68 cities in India with an aggregate area of approximately 344,458 square feet, as of January 31, 2022.
Object of the Issue
Repayment or pre-payment, in full or part, of certain borrowings availed by the company
Financing the opening of eight new showrooms
General corporate purpose
Joyalukkas Ltd. Strengths
Established homegrown brand
An established homegrown brand with a focused sales and marketing strategy
Leading jewellery company
Leading jewellery company in India and well-positioned to capitalize on industry growth
Presence across India
Presence across India with a strong foothold in South India
Diversified product portfolio
Diversified product portfolio across categories and price points
Strong track record
Strong track record of growth, profitability, and unit economic
Joyalukkas Ltd. Risks
Deficiencies in compliance with regulations
There have been certain deficiencies in compliance with the FEMA regulations in relation to certain unsecured loans received by the company from our Promoter.
Investigations against the company
The Directorate of Enforcement has initiated investigations against the company and has issued summons to its promoter, certain members of the promoter group, and some of the employees of the company directing them to provide information in relation to themselves, the company, and certain promoter group entities.
Search and seizure operations were conducted
Certain search and seizure operations were conducted by the Income Tax Department at the corporate office and showrooms of the Company, and residential premises of our Promoter and employees.
Only located in South India
The company's showrooms are located mostly in south India
IPO FAQs
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.