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The Economic Times

Business

IPO-bound Advit Jewels plans 30 retail showrooms under Rambhajo brand in 3 years

Advit Jewels IPO India Jaipur

New Delhi: Advit Jewels Ltd on Friday announced plans to expand its business-to-consumer (B2C) presence by opening 30 retail showrooms under the 'Rambhajo' brand over the next three years, funded partly through proceeds from its upcoming initial public offering (IPO).

The Jaipur-based company's maiden IPO opens for subscription on June 23 and closes on June 25. The company has fixed a price band of Rs 130-138 per share for the public offer. The IPO comprises an entirely fresh issue of 1.19 crore shares, aggregating to Rs 165.15 crore.

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