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."