Goenka Diamonds and Jewels Limited has announced its price band for its IPO which opens on Tuesday the 23rd of March and closes on Friday the 26th of March. The price band is Rs 135-145. The issue is for 1 crore shares and the company would raise between Rs 135 to Rs 145 crs at the lower and top end of the price band respectively. ICRA has assigned a grade of 2/5 for the company indicating below average fundamentals.