Joyalukkas IPO

joyalukkas Jewellery manufacturerJewellery manufacturer, exporter and retailer Joyalukkas ‘s all set to file a red-herring-prospectus for its planned Initial public offering (ipo).

The company Chairman Mr.Joy Alukkas, told Business-Line that this IPO issue will likely be via the book building route, and the firm intends to mobilise anywhere in between Rs 600 and Rs 650 cr via the process, to fulfill its development plans.

We’re intending to increase our retail presence additional in the South with a minimum of twenty more stores within the next 2 yrs,” he said.

Based on Mister T Nandakumar, Chief Financial Officer, Joyalukkas, the firm expects to close the present financial yr with a turn over of Rs 2,650 cr that would represent 45percent development over the prior financial yr. Joyalukkas presently contains twenty two stores, mostly in the South.

Other IPO info and ipo analyst view come later…..

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Joyalukkas IPO allotment, Joyalukkas Ltd IPO open date, retail subscription, Joyalukkas listing date, IPOs of Joyalukkas , Allotment Status, Bidding, drhp.

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