Partners Group, Kedaara Capital-backed retailer becomes the fourth company to take this route
Other banks are likely to be added to work on the IPO, the people said. The Gurugram-based company could raise between $850 million to $1 billion in the offering, they said
The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent
Though the deal size was not disclosed, sources said it was expected to be around Rs 50 billion.
The deal size was not disclosed but as per market sources it is expected to be around Rs 5,000 crore.