Kalyan Jewellers gears up for an IPO
Jewellery maker Kalyan Jewellers, which is backed by Warburg Pincus, is gearing up for its initial public offering (IPO) on March 16. In a country that holds the largest consumer base for gold, an IPO of this kind would be the first, if the plans take fruition. In the last one month, the shares of listed peers of the jewellery maker like Vaibhav Global and PC Jewellers have risen by 29 percent and 10 percent, respectively. What would be the impact of Kalyan Jewellery's IPO then? Read here to find out.