Lypsa Gems & Jewellery to raise Rs 17 crore through strategic investors

Lypsa Gems & Jewellery plans to raise Rs 17 crore through sale of 2.1 million equity shares to a strategic investor at Rs 81 per share. The company plans to utilize the fund for venturing into setting up of jewellery retail chain across India. The company is planning a major expansion whereby a couple of new projects like jewellery retail as well as buying more rough from direct source are included.

Lypsa Gems & Jewellery is wholly integrated diamond company sourcing rough diamonds from the major diamond mines, cutting and polishing them in its own factories & marketing its product to clients across the globe. The company strives to sell polished diamonds directly to the jewelers, thereby eliminating the middlemen margin and passing on the price advantage to its customers.