Marri Retail Plans ₹522 Crore Fresh Issue Through IPO

Marri Retail has outlined plans to raise ₹522 crore through a fresh issue in its proposed initial public offering, according to regulatory filings. The apparel and lifestyle retailer intends to use the proceeds for store expansion, working capital and debt reduction. Market participants said the IPO comes amid improving primary market sentiment, with investors selectively backing consumer focused growth stories across domestic discretionary retail segments.