PC Jeweller Launches Rs 600-Crore IPO

PC Jeweller today launched its initial public offering (IPO) worth about Rs 600 crore at a price band of Rs 125 to Rs 135 per share. The IPO will open on December 10 and close on December 12 for all bidders.

The Delhi-based jeweler has offered close to 4.5 crore shares and plans to raise anywhere between Rs 564 crore (at the lower end of the price band) and Rs 609 crore (at the upper end of the price band).

Through this IPO, the company plans to dilute about 25 per cent of its stake. Of the 4.5 crore shares on offer, about 3.5 lakh shares have been reserved for eligible employees.

Bids to be made are for a minimum of 90 equity shares and in multiples of 90 equity shares thereafter.

The issue is proposed to be listed both on the BSE and the NSE.