Apparel & jewellery retailer Marri Retail files IPO papers with SEBI

Hyderabad-based apparel and jewellery retailer Marri Retail has filed preliminary papers with SEBI to raise funds through an IPO. The proposed IPO comprises a fresh issue of shares worth ₹522 crore and an offer for sale of 2.7 crore equity shares by promoter Marri Venkat Reddy. The company may also consider raising up to ₹104.4 crore through a pre-IPO round.