Joy Alukkas considers IPO, for expansion

Joy Alukkas Group, with interest to expand its wings in sectors like
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Joy Alukkas Group, with interest to expand its wings in sectors like
jewellery retailing, manufacturing and exports, is planning to fund
its retail expansion through initial public offering (IPO).

“We are looking at all possibilities and IPO is one of the options we
are looking at. But we are not in a position to announce any firm date
or details. We are in talks with investment bankers,” said Rolf W.
Schneebeli, CEO, Joy Alukkas.

The company is also in talks with the private equity firms such as
Emaar and Edelweiss to get the inflow of funds.

The company plans to open three flagship stores, with an investment of
Rs 100-150 crore and the rest would be smaller stores at an investment
of Rs 50-100 crore each.  Majority inflow would be from the banks and
remaining from other channels.

 
 
 
 
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