Private equity major Warburg Pincus backed Kalyan Jewellers has filed its draft red herring prospectus (DRHP) with market regulator Sebi on Monday to raise about Rs 1,750-crore through initial public offer (IPO). The IPO comprises Rs 1,000 crore of fresh issue and Rs 750 crore offer for sale by promoter T S Kalyanaraman and Highdell Investment, a Warburg Pincus firm, according to DRHP. While Kalyanaraman is planning to sell shares worth Rs 250 crore, the Highdell Investment has proposed . Founded by Kalyanaraman in 1993 with a single showroom in Thrissur, Kalyan Jewellers now has 107 showrooms located across 21 states and union territories in India. It also has an international presence with 30 showrooms located in the Middle East as of June 30, 2020. In fiscal 2019-20, Kalyan Jewellers revenue from operations of stood at Rs 10,181 crore, a modest increase of 3.73 per cent from previous year's Rs 9,814 crore. Kalyan Jewellers also reported a profit of Rs 142.27 crore as compared