PC Jeweller files DRHP with SEBI for about Rs 500cr IPO
Published on Thu, Sep 29, 2011 at 20:00 | Source : PTI
Updated at Fri, Sep 30, 2011 at 07:58
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PC Jeweller files DRHP with SEBI for about Rs 500cr IPO
PC Jeweller today filed the draft document with market regulator SEBI for its initial public offer (IPO) to raise about Rs 500 crore for expansion and working capital requirement.
PC Jeweller today filed the draft document with market regulator SEBI for its initial public offer (IPO) to raise about Rs 500 crore for expansion and working capital requirement.
The national capital-based firm has 20 jewellery showrooms and plans to add another 26 stores, of which six would be outside India, sources said, adding that the company is targeting to raise about Rs 500 crore through IPO.
"PC Jeweller has filed a Draft Red Herring Prospectus (the DRHP) with SEBI for an initial public offering of 45,133,500 equity shares of Rs 10 each," the company said in a statement. The equity shares are proposed to be listed on the National Stock Exchange (NSE) and the BSE.
The book running lead managers to the IPO are SBI Capital Markets and Kotak Mahindra Capital Company and the co-book running lead manager is IDBI Capital Market Services, the statement said. PC Jeweller offers wide range of products with a focus on diamond jewellery.
