India, May 13 -- Supermarket retailer More Retail is reportedly planning to raise around INR 2,000 Cr through its public listing, which is expected to take place next year.

An ET report, citing More Retail's managing director Vinod Nambiar, said that the anticipated IPO is likely to dilute the promoters' stake by 10%. He also mentioned that the public listing will majorly consist of fresh issue of shares without any offer-for-sale (OFS) component.

The company is likely to hit the bourses between April and December 2026.

Nambiar further said that the company will utilise the fresh capital to drive its business growth and cut down the debt which currently stands at INR 500 Cr. More Retails plans to expand its store count to 3,000 by 2030...