 "Kalyan Jewellers")
Kerala-based Kalyan Jewellers India has filed its offer document with the Securities and Exchange Board of India (Sebi) for a Rs 1,750-crore initial public offering (IPO).
The issue comprises fresh fundraise of Rs 1,000 crore and Rs 750-crore secondary share sale by promoter T S Kalyanaraman and private equity firm Warburg Pincus. This IPO will be the biggest by a jewellery retail brand in the domestic market.
Axis Capital, Citibank, ICICI Securities, SBI Caps, and BoB Capital Markets are the investment bankers handling the issue. Kalyan Jewellers plans to use Rs 1,000 crore to fund its working capital and for other corporate
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