Joyalukkas India to go public

Joyalukkas India opens launched a new showroom in New Delhi’s famous Karol Bagh locale and the store is a multi-storeyed 12,000 sq. ft. outlet has 22 retail stores over 21 cities in India out of which 10 are large format stores.

Kochi based Joyalukkas India Limited in its meet the press informed its plan to bring IPO to garner 600 Cr the proceeds of the IPO amount to be used by the company to opening new retail outlets and in repayment their outstanding debt puposes. Joyalukkas is planning to open 14 addtional outlets in 14 cities by September 2013.

Joyalukkas India Limited is a jewellery retailer company with focus on large format stores and is also engaged in textiles, apparels and accessories through its Wedding Centres in Kerela. South base company started retailing jewelery with the launch of first retail store at Kottayam in Kerala.its rise of 13 stores in 2008, has currently 22 stores in 21 cities in India.

Promoter of the company,Mr Alukkas Vargehese Joy has over 22 years of experience and is well known in retail jewellry industry.The trade magazine JCK India has recognized Joy as among the top 20 most powerful people in India jewellery industry.

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