>>
Home / Knowledge / News / Fashion / Gitanjali's IPO plan for expansion in Mumbai & Hyderabad

Gitanjali's IPO plan for expansion in Mumbai & Hyderabad

28
Dec '05
Branded jewelry seller Gitanjali Gems (GGL) informed that the company is planning to initial public offering (IPO) for expansion of fund.

Riding on a boom in the domestic diamond-studded jewellery segment, Gitanjali Gems (GGL) an integrated diamond and jewellery maker is going in for an expansion plan.

The proposed expansion plan involves an investment of more than Rs 300 crore and will be primarily funded by an initial public offering (IPO).

GGL, through its arms and associates, currently retails some of the famous brands in the diamond industry here. Some of the popular brands like Nakshatra, D'damas, Asmi, Gili and Ginatti are available through its outlets spread across the country.

GGL's expansion plan includes setting up of a SEZ in Hyderabad and an additional jewellery manufacturing facility in Mumbai. It also plans to expand its facility in SEEPZ, Mumbai. Mehul Choksi of GGL told that the diamond market in India is projected to grow at around 20 percent per annum.

India mainly imports rough diamond cuts, which are then polished before fitting them into diamond-studded jewellery mainly for reexporting.

The proposed IPO will consist of 17m equity shares of Rs 10 each in a 100 percent book-built issue. The issue will contribute 28.81 percent of the fully diluted post-issue capital of the company.

Integrated diamond and jewellery maker GGL takes pride in its rich heritage and outstanding reputation successfully combining all the positive qualities from its past with an innovative approach to design and craftsmanship.

The Economics Times


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Benetton Group
The LYCRA Company Singapore  Pte. Ltd
Lifestyle
Sainsbury's Argos Asia Limited
Restoque S.A.
T.T. Limited
Under Armour Global Sourcing Ltd
Rosset ;& Cia Limited
Sportmaster Ltd.
Bluestem Global Sourcing Limited
Tory Burch Hong Kong Ltd
Groz-Beckert East Asia LLP
Sportswear Company Spa
Aquarelle Clothing Limited
Lenzing Aktiengesellschaft
SHAHI Exports Pvt Ltd
Huntsman (Singapore) Pte Ltd
Maceton Limited
Eastman Chemical Company
Gloria Jeans
The Top Form Brassiere Manufacturing Company Limited
LC Waikiki
Amazon China
Etam Group Strategy Hong Kong Limited
Vardhman Textile Ltd
PVH Corporation
Guess Europe Sagl,
C;&A Sourcing International Ltd
Calvin Klein
MAS Active / MAS Kreeda / MAS Bodyline
Chico’ FAS
Truetzschler India Private Limited
Landmark Group
Brandix Lanka Limited
Arvind Limited
Lisa S.P.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Lululemon Athletica Inc
KIABI
Helly Hansen Far East Ltd
SYNERGIES HONG KONG LIMITED
OVS Hong Kong Sourcing Ltd.
J ;& P Coats
G-Star Raw C.V.
Splash
Puma
Varner AS Retail
Sateri (Jiujiang) Fiber Co.,Ltd
Chori Company Limited
Alison Hayes Romania
Grasim Industries Limited
Rayonese Textile Inc., Division de Culp Inc.
BIMBA ;& LOLA SL
Reiter India Private Limited
IDH – The Sustainable Trade Initiative
TESCO INTERNATIONAL SOURCING LIMITED
Midas Clothing Limited
Boardriders Asia Sourcing Limited
Gatsby Africa
Vianney Textil Hogar S.A. De C.V.
Gap International Sourcing Limited
Phong Phu international JSC (PPJ)
Permoda(Koaj/Armi/Pronto/Bkul)
H;&M Hennes ;& Mauritz (Far East) Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Hela Clothing Pvt Ltd
Hirdaramani International Export Private Limited
Tommy Hilfiger
Target Corporation (MN)
Desigual - ABASIC, S.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Abit
International Textile Manufacturers Federation
IKEA of Sweden AB
Decathlon
Aramark Uniform ;& Career Apparel, LLC
NITI Aayog
Babyshop
BIANCA
Gokaldas Exports Limited
Green Fibre
Page Industries Limited (Bangalore)
Recron Polyester from Reliance Industries Limited
Cat Tuong Real Estate Group Joint Stock Company
Asos
Alix Partners
Walmart
THE BOMBAY DYEING ;& MFG.CO. LTD
Lacoste (Wanchai)
Esprit Europe Services GmbH

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search