Jewellery retailer Senco Gold has filed draft papers with markets regulator Sebi to raise an estimated Rs 6 billion through an initial public offering.
The company is primarily engaged in selling gold and diamond jewellery and also sell jewellery made of silver, platinum and precious and semi-precious stones and metals.
Funds raised through the issue will be a company-operating the establishment of new company-operated showrooms, to fund working capital requirements and for other general corporate purposes.
In addition, the company said it expects to achieve the benefit of listing its equity shares on the stock exchange.
IDFC Bank, ICICI Securities, IIFL Holdings, Emkay Global Financial Services and YES Securities will manage the company's initial share-sale.
Presently, the company has 93 showrooms in 72 cities and towns and an employee strength of 1,290.