The company is launching the IPO after eight years in the jewellery sector. In December 2012, PC Jewellers was the first jewellery company to sell shares through the primary market. Earlier, Kerala-based leading jewellery retailer Joy Alukas had moved for an IPO. The company later abandoned the move.
Currently, private equity firms such as Warburg Pincus are investing in Kalyan Jewellers. Private equity firms will have the opportunity to sell shares for a better profit if they receive a better premium after listing.

The reason why Kalyan Jewelers is moving ahead with its IPO move is that the stock market remains strong. The jewellery business is expected to improve in the coming quarters. Shares of companies listed in the sector, such as Titan Industries, have risen sharply over the past three months.

Muthoot Finance is the highest grossing IPO company in Kerala in the last 10 years. The shares of Muthoot are eight times higher than the IPO price. Those who have invested in companies such as Manappuram Finance, Geojit and V-Guard have been able to multiply their wealth many times over.
The best companies in Kerala are not just a few companies listed on the stock exchange. There are a number of private limited companies in Kerala that have net worth larger than these companies. But what these companies are failing to achieve is the ‘value addition’ that public limited companies can achieve. Recognising the importance of this value addition is behind the arrival of a mega issue from Kerala itself.

As a public limited company, it is necessary to ensure transparency in the operations of the company and to publicly declare the financial position of the company periodically. Due to the lack of interest on the part of many companies in Kerala had earlier been reluctant to go public. Lack of conservative interest in bringing the shares to the public market and concerns about the same had deterred many companies from going public.

Many companies used to have a business approach that focused only on profit margins. Therefore, they did not pay much attention to growth of the company. The practice of making profits by doing business at a high volume despite low profit margins has only recently become acceptable to many companies. With that, they turned to exploiting the potential of stock sales as the most effective way to raise funds. Following such changes, more public issues can be expected from Kerala in the near future.

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There was no gain in the Mumbai stock market on June 25. Sensex lost 25 points and Nifty 16 points on the day. Even though there were gains in the morning, the fluctuations during the day was strong. The Sensex rose to 35,081.61, but it closed at 34,842.10. Nifty closed at 10,288.90 points.
Of the 50 Nifty index stocks only 16 made some profit on the day. ITC, Bajaj Finance, Kotak Mahindra and Gail were the five Nifty stocks that registered huge gains. ITC gained over 5 per cent.
The shares of Bajaj Finance jumped over 60 per cent in the past one month and the stocks are selling in the range of Rs.3,000 now.
Asians Paints, Hindalco, Indian Oil Corporation, Eicher Motors and HCL Tech are the five Nifty stocks that had registered the highest loses. Asians paints ended the trade at 5 per cent loss.
Banking shares saw huge losses on June 25. The Nifty private bank index saw 4 per cent loss. Pharma stocks too had selling pressure during the day.

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KOCHI: Airtel Payments Bank has partnered with Mastercard to build customised solutions for payments for farmers and SMEs. The companies aim to cater to underbanked spectrum of users and enable digital adoption via the partnership.
“The collaboration aims at building a digital platform which provides farmers with knowledge about advanced farming techniques and connection to marketplaces, while simultaneously enabling them to receive payments directly in their Airtel Payments Bank account,” according to a company said in a statement.
Airtel Payments Bank currently hosts 4 crore customers across 5 lakh banking points.
“These solutions will enable them to access a larger market base, receive payments easily into their bank accounts, safeguard their money against risks associated with cash and get easy access to credit,” Porush Singh, Division President, South Asia, Mastercard said.

Airtel Payments Bank and Mastercard will work together to create differentiated card solutions, including solutions for contact less payments via NFC (Near Field Communication) for customers and merchants. NFC payment works when users pay with their smartphones in lieu of credit cards simply by waving their phone in front of a terminal.

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