Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
My Account
Do not call
En
Learn about Sunil Gold India Limited’s DRHP filing, business operations, IPO structure, financial performance, and key milestones based on publicly available disclosures.
Sunil Gold India Limited IPO update: Sunil Gold India Limited, a B2B 22-karat handcrafted gold jewellery designer and manufacturer, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India as part of its plan to raise capital through an initial public offering. The proposed offer includes a fresh issue of equity shares along with an offer for sale by promoters, with proceeds intended to support working capital requirements and general corporate purposes.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Sunil Gold India Limited IPO filing: The company filed its Draft Red Herring Prospectus with SEBI on March 6, 2026, and the DRHP was subsequently listed on SEBI’s public issues page on March 9, 2026. The filing marks the formal initiation of the IPO process and is currently under regulatory review.
As per the Sunil Gold India IPO DRHP, the company proposes a book-built issue of up to 2.65 crore equity shares with a face value of ₹10 each. The offer includes both fresh issue and offer for sale components.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Book-built issue (Fresh Issue + Offer for Sale) |
Total Issue Size |
Up to 2.65 crore equity shares |
Fresh Issue |
Up to 2.00 crore equity shares |
Offer for Sale |
Up to 0.65 crore equity shares |
Face Value |
₹10 per equity share |
Promoters Selling Shares |
Anil Mohanlal Jain, Shrenik Mohanlal Jain |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Unistone Capital Private Limited |
Registrar to the Issue |
KFin Technologies Limited |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Sunil Gold India Limited is a Mumbai-based company incorporated in 2012 and engaged in the design and manufacturing of 22-karat handcrafted gold jewellery. It primarily operates on a business-to-business model, supplying jewellery to organised retail chains and wholesalers.
The company’s product portfolio includes contemporary, heritage, and temple-inspired jewellery designs, catering to diverse consumer preferences across markets.
Key aspects of its operations include:
Supplying customised jewellery to retailers and wholesalers
Maintaining long-term client relationships with repeat orders
Operating across multiple states in India and select international markets such as the UAE and Singapore
Processing approximately 504–505 Kg of gold in FY2025, indicating manufacturing scale
The company has also expanded its geographic presence through strategic partnerships, including strengthening its reach in South India. Its B2B positioning and export footprint contribute to its growth strategy.
As per the Sunil Gold India IPO DRHP, the net proceeds from the fresh issue are proposed to be utilised for the following purposes:
| Purpose | Description |
|---|---|
Working Capital Requirements |
Funding operational needs including procurement of gold, inventory management, and receivables |
General Corporate Purposes |
Supporting business expansion, technology, branding, and other corporate requirements |
It is indicated that approximately ₹200 Crores from the fresh issue may be allocated towards working capital requirements.
The offer for sale component will provide liquidity to existing promoters, and the proceeds from this portion will not be received by the company.
The DRHP presents detailed audited financial data. A simplified overview, derived from publicly available summaries, is provided below:
| Fiscal Year / Period | Revenue from Operations (₹ Crore) | PAT (₹ Crore) | Notes / Highlights |
|---|---|---|---|
FY2023 |
241.8 |
Not disclosed |
Strong base year in B2B jewellery operations |
FY2024 |
317.08 |
Not disclosed |
Growth driven by expanded distribution and client base |
FY2025 |
521 |
Not disclosed |
Revenue growth of ~115.5% from FY2023; ~504–505 Kg gold processed |
H1 FY2026 (6 months ended Sep 30, 2025) |
414.78 |
Not disclosed |
Strong half-year performance nearing FY2025 levels |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
Track the key milestones in the IPO process based on current disclosures:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
March 6, 2026 |
IPO initiated with fresh issue and OFS components |
DRHP listed on SEBI website |
March 9, 2026 |
Appears under public issues section |
SEBI observations |
Awaited |
Under regulatory review |
Filing of RHP |
To be announced |
Will include price band and final details |
IPO Opening Date |
Not yet announced |
To be declared post approvals |
IPO Closing Date |
To be announced |
Final schedule pending |
Listing on NSE/BSE |
To be announced |
Subject to completion of IPO process |
Note: Investors should refer to official filings for final IPO dates to learn more about Sunil Gold India Limited IPO listing details and price, and listing timelines
Check other upcoming ipo’s here : Upcoming IPO.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Sunil Gold India Limited filed its Draft Red Herring Prospectus with SEBI on March 6, 2026.
The IPO comprises a book-built issue of up to 2.65 crore equity shares, including a fresh issue of up to 2.00 crore shares and an offer for sale of up to 0.65 crore shares by promoters.
The company is engaged in the design and manufacturing of 22-karat handcrafted gold jewellery, primarily serving B2B clients such as retailers and wholesalers.
The IPO proceeds are intended for working capital requirements and general corporate purposes.
The IPO is currently at the DRHP stage and is under review by SEBI. Further updates will be available after regulatory observations and approvals.
.jpeg)
250 Views
| 1min read
Posted on 19 Dec
Academy 
.jpeg "image not found"){kind=small}
