Kalyan Jewellers - IPO Review: ICICI Direct
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ICICI Direct Report
Established in 1993, Kalyan Jewellers Ltd. is one of India’s largest jewellery companies having ~6% market share in the organised jewellery space.
The company designs, manufactures and sells a wide range of jewellery products at varying price points for uses ranging from jewellery for special occasions such as weddings, which is its highest selling product category, to daily-wear jewellery.
Over the years, the company has successfully expanded to become a pan-India player with 107 showrooms across 21states in India and 30 showrooms located in the Middle East.
One of the key strengths of the company has been to operate as a hyperlocal jewellery player.
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