CRISIL Research has assigned a CRISIL IPO Grade ‘3/5’ (pronounced ‘three on five’) to the proposed initial public offer (IPO) of Joyalukkas India Ltd.
Joyalukkas India has obtained the Securities and Exchange Board of India’s (SEBI) approval for its initial public offer (IPO) sized between Rs 600-650 crore, a source in the company told moneycontrol.com. The Kochi-based gold and diamond retail jewellery chain plans to launch the issue by the end of May or early June, the source added.