{"id":14668,"date":"2022-03-30T15:38:38","date_gmt":"2022-03-30T10:08:38","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=14668"},"modified":"2022-03-30T15:38:42","modified_gmt":"2022-03-30T10:08:42","slug":"joyalukkas-aims-to-raise-rs-2300-crore-through-ipo","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/","title":{"rendered":"Joyalukkas Aims To Raise Rs.2,300 Crore Through IPO"},"content":{"rendered":"\n

Jewellery retail chain Joyalukkas India filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on 26th<\/sup> March to raise Rs.2,300 crore through an initial public offering (IPO) with a fresh issue of shares.<\/p>\n\n\n\n

The jeweller plans to use Rs.1,400 crore from the generated proceeds to repay and pre-pay debt and will utilise Rs.463.9 crore towards the purchase of inventory for opening eight new stores in Telangana, Maharashtra, Odisha and Karnataka during fiscals 2023 and 2024, according to the DRHP.<\/p>\n\n\n\n

Joyalukkas operates 85 showrooms located across 68 cities in India with an aggregate area of approximately 344,458 square feet, as of 31st<\/sup> January 31. Of these, six are large-format showrooms (with an area of 8,000 square feet or more), including its largest showroom in Chennai, Tamil Nadu that has an area of over 13,000 square feet.<\/p>\n\n\n\n

For the fiscal year that ended 31st<\/sup> March 2021, Joyalukkas registered a net profit of Rs. 471.7 crore on revenues of Rs. 8,066.2 crore, with a profit after tax margin of 5.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jewellery retail chain Joyalukkas India filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on 26th March to raise Rs.2,300 crore through an initial public offering (IPO) with a fresh issue of shares. The jeweller plans to use Rs.1,400 crore from the generated proceeds to repay and pre-pay…<\/p>\n","protected":false},"author":1,"featured_media":14669,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-14668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nJoyalukkas Aims To Raise Rs.2,300 Crore Through IPO - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joyalukkas Aims To Raise Rs.2,300 Crore Through IPO - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Jewellery retail chain Joyalukkas India filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on 26th March to raise Rs.2,300 crore through an initial public offering (IPO) with a fresh issue of shares. The jeweller plans to use Rs.1,400 crore from the generated proceeds to repay and pre-pay…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T10:08:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T10:08:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/03\/02banner-15.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/03\/02banner-15.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/\",\"name\":\"Joyalukkas Aims To Raise Rs.2,300 Crore Through IPO - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/#primaryimage\"},\"datePublished\":\"2022-03-30T10:08:38+00:00\",\"dateModified\":\"2022-03-30T10:08:42+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/joyalukkas-aims-to-raise-rs-2300-crore-through-ipo\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=14668"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14668\/revisions"}],"predecessor-version":[{"id":14670,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14668\/revisions\/14670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/14669"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=14668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=14668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=14668"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=14668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}