Master Chains N Jewels IPO: Files DRHP With SEBI for ₹400 Crore Fresh Issue
Master Chains N Jewels Limited, one of India's leading gold chain manufacturers, filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 25, 2026, for its proposed Initial Public Offering (IPO).
According to the DRHP, the proposed IPO comprises a fresh issue of equity shares aggregating up to ₹400 crore and an Offer for Sale (OFS) of up to 0.59 crore equity shares by existing shareholders.
Master Chains N Jewels IPO - Issue Details
- Issue Type: Book-built Issue (Fresh Issue + OFS)
- Total Issue Size: To be announced
- Fresh Issue: Up to ₹400 crore
- Offer for Sale (OFS): Up to 0.59 crore equity shares
- Face Value: ₹10 per equity share
- Listing: BSE, NSE
- Book Building Lead Managers: Systematix Corporate Services Limited
- Registrar: Bigshare Services Limited
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Utilisation of Master Chains N Jewels IPO Proceeds
The company proposes to utilise the net proceeds from the fresh issue towards:
- Funding its working capital requirements.
- General corporate purposes.
About Master Chains N Jewels Limited
Master Chains N Jewels Limited is engaged in the design, manufacture, job-work, and wholesale distribution of a diverse range of gold jewellery, with a strong focus on lightweight jewellery. It primarily caters to wholesalers, as well as single-store and multi-store jewellery retailers, across India's organized jewellery market.
Master Chains N Jewels’ portfolio includes gold jewellery in 14K, 18K, and 22K variants, offering products such as chains, necklaces, earrings, bracelets, rings, mangalsutras, chokers, pendant sets, kids' jewellery, and daily-wear collections. The company manufactures jewellery in yellow gold, rose gold, and rhodium finishes, while also providing customized designs based on customer requirements. Its offerings cater to a broad customer base, ranging from wedding and festive jewellery buyers to consumers seeking lightweight jewellery for everyday wear.
Key Financial Information
|
Particulars |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
FY24 (in ₹ Cr.) |
|
Revenue from Operations |
1,680.59 |
1,512.19 |
1,272.64 |
|
Profit After Tax (PAT) |
97.27 |
37.12 |
22.04 |
|
EBITDA |
145.92 |
61.64 |
40.39 |
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