The IPO of PN Gadgil Jewellers was heavily subscribed, attracting a total subscription of 59.41 times.
In the first quarter of this fiscal, EBITDA climbed by 16.5% to ₹376.1 Crore, up from ₹322.8 Crore in the previous year.
Candere has made a strategic shift to omni-channel commerce during the last sixteen months to meet rising consumer demands.
RBZ Jewellers' Rs 100-crore IPO consists solely of a fresh issue of one crore equity shares, with no offer-for-sale component.
The offering consists of newly issued shares valued at Rs 210 crore and the sale of 28 lakh shares worth Rs 60.2 crore by the promoter Grandhi Bharata Mallika Ratna Kumari (HUF).
The Company intends to fund the investment through cash on the balance sheet.
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