ratanchand jewellers seeks sebi nod for rs1.5 billion ipo - gold jewellery set

The Bangalore-
Manufacturers and Exporters of handmade gold jewelry intend to use this issue to enhance their existing manufacturing capabilities and to build 12 retail stores in Karnataka.
Ratanchand jeweler Ltd said on Monday that it had submitted preliminary documents to regulators to raise rs1.
Get 5 billion through first stock sale. The Bangalore-
Manufacturers and Exporters of handmade gold jewelry intend to use the issue to enhance their existing manufacturing capabilities, establish 12 retail stores in Karnataka and meet long-term working capital requirements, it said in a statement.
PNB investment Services Co. , Ltd. and Karn commercial banker Co. , Ltd. are the main managers of the issue, while Karvy Computershare Pvt Co. , Ltd. is the registrar of the issue, the company said.