Joyalukkas India IPO
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Overview of Joyalukkas India IPO
IPO Date
to
Face Value
Rs. 10 per share
Price Band
TBD to TBD
Lot Size
TBD Share
Issue Size
TBD shares (aggregating up to 2300)
Listing At
BSE, NSE
Basis of Allotment
-
Initiation of Refunds
-
Credit of Shares to Demat
-
Listing Date
Cut off time for UPI Mandate
-
Objective of Joyalukkas India IPO
The Joyalukkas India initial public offering is expected to raise Rs.1,400 crore, with a significant proportion being utilized to reduce the company's debt burden. In addition, approximately Rs. 464 crore will be allocated towards expanding the business operations, which includes plans to open eight new showrooms. This move is aimed at enhancing the company's market presence and boosting its revenue growth in the coming years.
About Joyalukkas India IPO
Joyalukkas is a well-known brand that offers a wide range of certified diamond jewellery. Their jewellery is certified by reputed agencies such as Forevermark, IGI, GIA and DHC. Joyalukkas has several sub-brands to cater to the diverse needs of their customers. These sub-brands include Pride, Eleganza, Veda, Ratna, Zenina, Apurva, Masaaki Pearls and Li'l Joy Kids Jewellery.
Joyalukkas jewellery items are broadly classified into four categories: gold jewellery, diamond jewellery, silver jewellery, and platinum and other precious metal and stone-based jewellery. The product portfolio includes traditional, contemporary, and combination designs across different jewellery lines, usages, and price points.
To expand their product range, Joyalukkas collaborates with contract manufacturers, who are generally smaller and localized jewellery manufacturers from various parts of India.
Joyalukkas has a strong presence in 65 cities across India, with 85 showrooms. The company has a strong presence in all major cities in five states of South India and in metros and mini-metros in other parts of the country.
Joyalukkas, which originated in Kottayam, Kerala, aims to cater to the growing demand for precious metals in the world's second-largest market.
Joyalukkas India IPO Financials
Particulars (in Cr) | |||
---|---|---|---|
Total Revenue Annual | 8,066.29 | 8,023.79 | 8,091.84 |
Operating Expenses Annual | 7,121.33 | 7,216.94 | 7,525.27 |
Operating Profit Annual | 944.96 | 806.85 | 566.57 |
Depreciation | 125.23 | 101.96 | 36.77 |
Interest Annual | 213.55 | 365.31 | 181.31 |
Tax Annual | 165.17 | 307.15 | 221.48 |
Net Profit Annual | 471.75 | 40.71 | 135.90 |
Total Share Holder Funds | 0 | 0 | 0 |
Fixed Asset Annual | - | - | - |
Total Non Current Asset | 0.65 | 0.74 | 25.56 |
Total Current Asset | 4,022.26 | 3,580.92 | 3,063.50 |
Book Value Per Share | - | - | - |
ROE | - | - | - |
ROCE | - | - | - |
Total Debt To Total Equity | - | - | - |
EBIDTA | - | - | - |
Cash From Operating | 330.89 | -33.91 | - |
Cash From Investing | -38.69 | -48.93 | - |
Cash From Finance | -257.61 | 68.57 | - |
Net Cash Flow | 34.58 | -14.28 | - |
Promoter's Holding
Total Share Capital
Offered to Public
Promoter’s Holding(Pre-Issue)
Promoter’s Holding(Post-Issue)
Strengths:
Risks:
1. We are facing challenges in maintaining and enhancing awareness of our brand "Joyalukkas".
2. We are having difficulty in accurately identifying customer demand and maintaining an optimal level of inventory in our showrooms.
3. We have received unsecured loans from our promoter which are not fully compliant with FEMA regulations. This has led to regulatory actions and penalties/compounding fees.
4. Our Company is under investigation by the Directorate of Enforcement and summons have been issued to our Promoter, certain members of the Promoter Group and some of our employees.
5. The Income Tax Department has conducted search and seizure operations at the corporate office and showrooms of our Company, as well as at the residential premises of our Promoter and employees.
6. We rely on third parties for the production and manufacturing of all our products.
The company is currently not listed and is under IPO, so all the data might not be available.
In 1956, Varghese Alukkas, the father of Joy Alukkas, opened the first jewellery store in Thrissur, Kerala. Joy Alukkas, who is currently the chairman and managing director of the jewellery retail chain Joyalukkas, has been named the richest jeweller in India on Forbes' list of the 100 richest Indians.
Joyalukkas reported a turnover of Rs. 14,513 crore in FY2023, with a net profit of Rs. 899 crore in India. The company aims to achieve a turnover of Rs. 17,500 crore in FY2024 and a net profit of Rs. 1,100 crore.
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