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Renaissance Jewellery files draft prospectus with SEBI

Written by: Staff
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Mumbai, May 3 (UNI) Renaissance Jewellery has filed its draft prospectus for its initial public offer (IPO) with the Securities and Exchange Board of India (SEBI).

The Mumbai-based company intends to offer 35.10 lakh equity shares of Rs 10 each for cash at a price to be discovered through the book-building route and the issue would constitute 35 per cent of the fully diluted post issue paid-up capital of the company, an official release today said.

An 100 per cent export-oriented unit, Renaissance Jewellery is a leading manufacturer of studded gold, platinum and silver jewellery for over ten years and has two manufacturing units in Mumbai and one unit at Bhavnagar in Gujarat.

The lead book-running manager for the issue is UTI Securities and the registrar to the issue is Bigshare Services Private Limited, stated the release.

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