Ratanchand Jewellers Filed Initial Papers

Ratanchand Jewellers IPO papersRatanchand Jewellers mentioned on Monday Company has filed initial papers with the market regulator to boost around Rs 1.5 billion through an initial stock sale.

The Bangalore based producer as well as exporter of hand made gold jewelry plans to utilize the issue proceeds to improve its present production capability, to setup twelve retail stores in the Karnataka and also to fulfill the long-term working capital needs, it said in a statement.

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