Branded jewellery manufacturer PC Jeweller (PCJ) has announced an initial public offering (IPO) to raise capital for its expansion plans, and to fund working capital requirements.

The IPO will open on December 10 and close on December 12. The price band has been fixed at Rs.125-135 per share.Addressing a press conference, Balrram Garg, Managing Director, said, “We are exploring the possibility of having our own branded jewellery lines targeted at the luxury market.”