Sunil Gold India Files DRHP with SEBI to launch IPO
Sunil Gold India Limited, B2B 22-karat gold jewellery designer, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).
Issue Size: According to the DRHP, the total offer size is up to 26,500,000 equity shares, comprising a fresh issue of up to 20,000,000 equity shares and an offer for sale (OFS) of up to 6,500,000 equity shares by promoters Anil Mohanlal Jain and Shrenik Mohanlal Jain.
BRLM (Book-Running Lead Manager) and Registrar: Unistone Capital Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar to the issue.
Use of Fresh Issue Proceeds: The net proceeds from the fresh issue will be used towards the following objectives:
- Fund working capital requirements
- General corporate purposes
About Sunil Gold India
Sunil Gold India Limited is engaged in the creation and supply of handcrafted 22-karat gold jewellery, offering a diverse range of contemporary, heritage, temple-inspired and culturally influenced designs.
Their product portfolio includes maang-tikkas, earrings, chains, necklaces, chokers, armlets, bracelets, bangles, rings, bridal collections, complete wedding sets and other occasion-specific jewellery.
Sunil Gold operates primarily as a business-to-business (B2B) supplier and partners with organised jewellery retail chains to meet their design, inventory and customisation requirements.
The company’s revenue from operations rose from ₹241.80 crore in FY 2023 to ₹317.08 crore in FY 2024 and further surged to ₹521.15 crore in FY 2025, reflecting an overall growth of approximately 115.52% between fiscal 2023 and fiscal 2025. For the six-month period ended September 30, 2025, revenue from operations stood at ₹414.78 crore.
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