|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
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. 12. ($1 = 54.6750 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Anand Basu)