Sunil Gold India Files Draft Papers with SEBI for IPO

Sunil Gold India Ltd has taken a major step toward entering the stock market by filing draft papers with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). This move will allow the company to raise funds from public investors and support its future business growth.

According to the Draft Red Herring Prospectus (DRHP), the IPO will include 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. Through this public issue, the company plans to strengthen its financial position and expand its operations.

A major portion of the funds raised from the fresh issue, around ₹200 crore, will be used to meet the company’s working capital requirements. The remaining amount will be used for general corporate purposes, helping the company manage day-to-day operations and support future expansion plans.

Founded in 2012 and headquartered in Mumbai, Sunil Gold India started as a business-to-business supplier of gold jewellery. The company designs and manufactures a wide range of jewellery including traditional, temple-inspired, heritage, and contemporary designs. Over the years, the company has expanded its presence across multiple Indian states and also exports jewellery to countries such as the United Arab Emirates and Singapore.

The company has also shown steady business growth in recent years. In FY25, Sunil Gold India processed more than 500 kilograms of gold and reported revenue of around ₹521 crore. With the planned IPO, the company aims to strengthen its market presence and scale its jewellery manufacturing and distribution network.

If approved, Sunil Gold India plans to list its shares on both the BSE and NSE. Unistone Capital will act as the book-running lead manager for the public issue.