Nakshatra IPO in planning stage; will file it in due course: Gitanjali Gems

Gitanjali Gems is buzzing in trade. The company has also been in focus since it is to file for an initial public offering (IPO) for its subsidiary, Nakshatra. In an interview with CNBC-TV18, Abhishek Gupta, Group Advisor of Gitanjali Gems spoke about the latest happenings in his company and sector.

Have received the approval for Nakshatra IPO in June, it is still in the planning stage and in due course we will be filing it, he said.

It is one of the premium brand in the country. Last year over Rs 7,000 crore of sales were achieved in FY17 and there has been a good growth in terms of their margins. So the focus is on more margin products going forward, he added.

The shift towards organised sector is a constant growth going forward, said Gupta.

Seeing compounding growth for our brands, he further mentioned.

For full interview, watch accompanying video...