Sunil Gold India Files DRHP With SEBI For IPO, Aims To Raise Funds Via Fresh Issue & Promoter OFS

Sunil Gold India Ltd Files Preliminary IPO Papers with SEBI

Sunil Gold India Ltd, a leading supplier of gold jewellery, has taken a significant step towards its public listing by filing preliminary papers with SEBI for an initial public offering (IPO).

• The proposed IPO consists of a fresh issue of 2 crore equity shares and an offer for sale (OFS) of up to 65 lakh shares by promoters Anil Jain and Shrenik Jain.
• The draft red herring prospectus (DRHP) filed on Friday outlines the company's plans to utilise the fresh issue proceeds to the tune of Rs 200 crore for working capital requirements and general corporate purposes.

Established in 2012 in Mumbai, Sunil Gold India has expanded its presence in Bengaluru through a partnership with Ratnaakar Gold, and has since become a prominent business-to-business (B2B) supplier of gold jewellery.

• The company specialises in designing and supplying handcrafted gold jewellery, offering a range of contemporary, heritage, and temple-inspired designs, as well as traditional styles.
• Sunil Gold India primarily serves the domestic market, supplying jewellery to customers across eight states and one union territory in India.
• The company also exports to the United Arab Emirates and Singapore, with a significant share of revenue coming from repeat orders from existing clients.
• In FY25, the company processed around 504.58 kg of gold, with revenue standing at Rs 521 crore.

The company plans to list its shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), with Unistone Capital serving as the sole book-running lead manager to the issue.