IPO on the Cards for Kalyan Jewellers

Warburg Pincus-backed Kalyan Jewellers is planning to file for an IPO.

: IJ News Service
27 February 2018 10:14 AM
Reference: 11247

According to reports, the draft document will be filed some time next month. Through the offering, the company is looking to raise a capital of Rs 2,500 crore.

A part of the funds will be used for business expansion both domestic and overseas and a secondary share sale, primarily by private equity investor Warburg Pincus, which will be selling part of its stake in the company, says a report.

Warburg Pincus invested of a total of Rs 1,700 Cr in Kalyan Jewellers - last year, the second and final leg of Rs 500 Cr investment took place. The investment was made in lieu of a 10 per cent stake in the company, which remains to be the largest investment to be made in the jewellery sector.

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