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Kalyan Jewellers To File DRHP For Rs. 1800 Crore IPO


Kalyan Jewellers To File DRHP For Rs. 1800 Crore IPO
With the organised jewellery sector slowly heading towards normalcy, this has given confidence to the firm," one of the persons with knowledge on the matter on the development told a leading online portal.

Earlier the firm was considering IPO in 2018 but deferred the same.

"Axis Capital, Citi, ICICI Securities and SBI Capital are the investment banks working on the IPO for Kalyan Jewellers. The listing will provide a partial exit to Warburg Pincus and will also facilitate debt reduction," a second person said.

And as per another the most likely time for the launch of the IPO will be between January and March 2021."If the plans fructify and are successful, it could enthuse peers like Joyallukas and Malabar Jewellers to evaluate the listing route."

Read more about: kalyan jewellers ipo
Story first published: Saturday, August 1, 2020, 8:10 [IST]
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