Business across showrooms reached pre-Covid levels: Kalyan Jewellers

The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run

Kalyan Jewellers, one of the largest jewellery brands in India reports that business across its showrooms has reached pre-Covid-19 levels.

Recently Kalyan Jewellers filed a DRHP for Rs 1,750 crore IPO, which will be the biggest retail share offer since 2017. It is also the biggest ever jewellery IPO filed in the country. The IPO could come at the end of this year or early next year. 

Proceeds will be used towards working capital requirements, and general corporate purposes, while Warburg Pincus backed  Kalyan Jewellers will also give partial exit to the private equity firm which invested Rs 1,700 crore