Kalyan Jewellers plans 14 new showrooms in post IPO expansion

In first big expansion post the initial public offering (IPO), leading jewellery brand Kalyan Jewellers on Monday unveiled plans to expand retail footprint by almost 13 per cent in the first quarter itself. 

We plan to enhance operations across seven states and will add 14 new showrooms, all on April 24, said the company in a statement.

"While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms," the company said in an exchange filing.

Kalyan Jewellers, recently raised Rs 1,175 crore through an