Dec 4 (Reuters) - Indian jewellery retailer PC Jeweller Ltd
plans to raise up to $111 million through an initial public
offering opening (IPO) on Dec. 10.
PC Jeweller said it would offer 45.1 million shares, or
about a quarter of its equity capital, in the IPO. It set a
price band of between 125 rupees and 135 rupees a share.
At the upper end of the price band, the issue will raise
6.09 billion rupees ($111 million), and 5.64 billion rupees at
the lower end.
The company has reserved 358,500 shares for its employees,
and will give a discount of 5 rupees a share to employees and
retail investors, it said in a statement.
SBI Capital Markets Ltd and Kotak Mahindra Capital Co Ltd
are the lead advisers for the share sale, which closes on Dec.
($1 = 54.6750 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Anand Basu)