Nakshatra World Receives SEBI Permission to Float IPO’s
DSIJ Intelligence / 14 Jun 2017
Gitanjali Gems Limited is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewellery and plain gold jewellery.
Gitanjali Gems Limited is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewellery and plain gold jewellery. Nakshatra World, asubsidiary of Gitanjali Gems, has received capital markets regulator, Securities and Exchange Board of India’s (SEBI) permission to float an Initial Public Offering (IPO).
In March,the company had filed Draft Red Herring Prospectus with SEBI and obtained observations necessary to launch the IPO on June 9, 2017.The issue consists of 1.8 crore equity shares of Nakshatra World.
The company's segments include diamond, jewellery and others. The jewellery business includes manufacturing and exporting plain gold and diamond studded jewellery. The diamond business includes manufacturing and exporting cut and polished diamonds.
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