Jewellery retailer Group Joy Alukkas plans to go in for IPO

Jewellery retailer Joy Alukkas Group plans to go in for Indian Capital Market (IPO) during current financial year. Mr. Joy Alukkas, Chairman of the Group said that the size of the IPO was likely to be about Rs. 400 crores.

Joyalukkas Jewelers is an ISO (ISO 9001 and 14001 certification) certified group and world’s leading 22 carat jeweler’s retailer.

Joy Alukkas group has a Rupee 1,000 crore gold and diamond jewellery business across India, Middle East, Europe and US. They have showrooms in seven countries through its 64 outlets.

More info: http://en.wikipedia.org/wiki/Joy_Alukkas

The group operates in India through its subsidiary Joy Alukkas Traders (India) Private Ltd. At Joyalukkas, they design and manufacture their own jewellery using the highest quality materials and the most skilled craftsmen in the industry.

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