Indian jewellery retailer PC Jeweller Ltd plans to raise up to $111 million through an initial public offering opening (IPO) on December 10. PC Jeweller said it would offer 45.1 million shares, or about a quarter of its equity capital, in the IPO. It set a price band of between 125 rupees and 135 rupees a share. At the upper end of the price band, the issue will raise 6.09 billion rupees ($111 million), and 5.64 billion rupees at the lower end.

Copyright Reuters, 2012