Upcoming IPO: Sunil Gold India Files Draft Papers with SEBI for Public Issue

Sunil Gold India Ltd has filed preliminary documents with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

According to the draft red herring prospectus (DRHP) submitted on Friday, the proposed IPO will consist of a fresh issue of 2 crore equity shares along with an offer for sale (OFS) of up to 65 lakh shares by promoters Anil Jain and Shrenik Jain.

The company intends to list its shares on both the BSE and the NSE. Unistone Capital has been appointed as the sole book-running lead manager for the proposed public issue.

Use of IPO Proceeds

The company plans to utilise ₹200 crore from the fresh issue to meet its working capital requirements, while the remaining funds will be allocated for general corporate purposes, as outlined in the DRHP.

About Sunil Gold

Founded in 2012 in Mumbai, Sunil Gold India initially operated as a business-to-business (B2B) supplier of gold jewellery. Over the years, the company expanded its operations, including strengthening its presence in Bengaluru through a partnership with Ratnaakar Gold.

The company designs and supplies handcrafted gold jewellery, specialising in contemporary, heritage, and temple-inspired designs, along with other traditional styles.

Sunil Gold India primarily caters to the domestic market, supplying jewellery to customers across eight states and one union territory in India. It also exports its products to the United Arab Emirates and Singapore, with a considerable portion of revenue coming from repeat orders from existing clients.

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In FY25, the company processed approximately 504.58 kilograms of gold and reported revenue of ₹521 crore, reflecting its growing scale of operations.

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