Master Chains N Jewels Ltd has filed preliminary IPO papers with the Securities and Exchange Board of India (SEBI). The company, which designs, manufactures and sells gold jewellery and also provides job-work services, plans to raise up to ₹400 crore through a fresh issue of equity shares. In addition to the primary fundraise, the draft documents indicate an offer for sale by promoter Taruna Madan Kothari of up to 59.06 lakh equity shares. Under this structure, proceeds from the fresh issue are intended for the company’s working capital requirements and general corporate purposes, while proceeds from the offer for sale are meant for the selling shareholder. The IPO is at the draft stage and will proceed only after SEBI reviews and issues observations. The company’s filings also mention it serves customers across India through a wholesale distribution network and its manufacturing facilities. Master Chains N Jewels operates two manufacturing units at Kala Chowki in Mumbai with a combined area of about 6,870 sq ft and a stated installed annual capacity of around 4,972.90 kg as of March 2026. Systematix Corporate Services is named as the sole book-running lead manager, and Bigshare Services is the registrar for the offer.
Master Chains N Jewels files draft IPO papers with SEBI to raise up to ₹400 crore
Master Chains N Jewels Ltd has filed preliminary IPO papers with the Securities and Exchange Board of India (SEBI). The company, which designs, manufactures and sells gold jewellery and also provides...
- Master Chains N Jewels files draft IPO papers with SEBI.
- The planned IPO includes a fresh equity issue to raise up to ₹400 crore.
- The IPO documents also include an offer for sale by promoter Taruna Madan Kothari of up to 59.06 lakh equity shares.
- Fresh issue proceeds are intended for working capital and general corporate purposes; offer-for-sale proceeds go to the selling shareholder.
- IPO is at the draft stage and requires SEBI observations before proceeding; Systematix Corporate Services is sole book-running lead manager, and Bigshare Services is registrar.
Master Chains N Jewels is engaged in the designing, manufacturing, job-work services and sale of a wide range of gold jewellery, including lightweight jewellery
3 hours agoNew Delhi: Master Chains N Jewels Ltd has filed preliminary papers with the Securities and Exchange Board of India to raise money through an initial public offering.The organised gold jewellery manufacturer and wholesale distributor plans to raise up to Rs 400 crore through a fresh issue of equity shares.The IPO will also include an offer for sale of up to 59.06 lakh equity shares by promoter Taruna Madan Kothari, according to the draft red herring prospectus filed with Sebi on Saturday.IPO Rush Ahead, Zepto Among 12+ Companies Planning Share Sale Worth Over ₹25,000 Crore Next MonthIssue DetailsMaster Chains N Jewels plans to use the fresh issue proceeds to meet its working capital needs. A part of the funds will also be used for general corporate purposes.The money received from the offer for sale will go to the selling shareholder, and the company will not receive those proceeds.Jewellery BusinessMaster Chains N Jewels designs, manufactures and sells a wide range of gold jewellery. It also provides job-work services and produces lightweight jewellery for its customers.The company serves customers across India through its wholesale distribution network and manufacturing facilities.Fusion Klassroom Edutech SME IPO Opens July 31; Price Band Fixed At ₹151-159 Per ShareAs of June 30, 2026, it had a database of nearly 80,666 jewellery designs. This large collection allows the company to offer styles and products to buyers in markets.Manufacturing UnitsThe company operates two manufacturing units at Kala Chowki in Mumbai. These facilities cover a total area of around 6,870 square feet.As of March 2026, the units had an installed manufacturing capacity of nearly 4,972.90 kilograms of jewellery each year.Indo MIM Unveils ₹3,812 Crore IPO, Sets Rs 461-485 Price Band Ahead Of July 23 LaunchThe IPO is at the draft stage and will require Sebi’s observations before the company can move ahead with the issue.Systematix Corporate Services is the sole book-running lead manager for the IPO. Bigshare Services has been appointed as the registrar to the offer.Details such as the IPO price band, minimum application size and opening and closing dates will be announced closer to the launch.
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