Kerala-based Kalyan Jewellers India has filed it by offering file with the Securities and Exchange Board of India (Sebi) for a Rs 1,750-crore preliminary public providing (IPO).
The issue contains a contemporary fundraise of Rs 1,000 crore and Rs 750-crore secondary proportion sale by way of promoter T S Kalyanaraman and personal fairness company Warburg Pincus. This IPO would be the greatest by way of a jewelry retail logo within the home marketplace.
Axis Capital, Citibank, ICICI Securities, SBI Caps, and BoB Capital Markets are the funding bankers dealing with the issue. Kalyan Jewellers plans to make use of Rs 1,000 crore to fund its operating capital and for different company functions.
The corporate began in 1993 with an unmarried showroom at Thrissur, Kerala, and now has 107 shops throughout 21 states and Union Territories in India. It additionally has 30 showrooms positioned in West Asia. The shops are operated and controlled by way of the corporate.
In FY20, earnings from operations of Kalyan Jewellers stood at Rs 10,100 crore, of which 78.19 % was once from India, and 21.eight % was once from West Asia. Its closest rival is Titan’s Tanishq.
Tanishq jewelry logo has the best retailer presence, with 250-plus shops in India and in another country. Another indexed company PC Jewellers has about 84 shops.
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