The Loot India Pvt. Limited, the discount retailer of branded apparel, has revealed its plans to raise Rs 100-crore through an IPO, which is likely to be launched in the next 15 months.

The raised amount will be utilized for consolidating company’s retail business as well as for setting up a training campus, spread across 15,00,000 sq ft area near the Maharashtra-Gujarat border. In addition, the campus would also have a small manufacturing unit.

Apart from the latest development, the company also plans to expand its domestic footprints by opening 80 stores across 50 cities in 20 states of the country by March next year. At present the company has 120 stores across the country.

In addition, the company will also pump Rs 100 crore more in the next 3-4-years for beefing up back-end operations, in-house training, warehouse upgrade and marketing.

The Loot Store is a multi brand discount chain offering a minimum 25% to 60% off on the top national & international brands. The company had net sales of Rs 68 crore in the last fiscal, which it aims to expand to Rs 125 crore by this fiscal.