Draft stage. Sunil Gold India filed its Draft Red Herring Prospectus with SEBI on 30 Sept 2026. SEBI reviews the draft and issues its observations before the issue can open. The issue dates, price band and lot size are set in a later offer document (the Red Herring Prospectus or Prospectus); this page is updated when it is filed.
- Price band
- To be announcedNot in this filing
- Issue size
- 2,60,00,000 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Draft filedWed, 2026
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,10,00,000 shares
- Offer for sale
- 50,00,000 shares
- Total issue
- 2,60,00,000 shares
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Valuation
FY 2025-26- EPS (basic)
- ₹11.62
- EPS (diluted)
- ₹11.62
- RoNW
- 88.82%
- NAV per share (March 31, 2026)
- ₹19.31
- ROCE
- 53.68%
- Debt to equity
- 1.14
- EBITDA margin
- 7.00%
- PAT margin
- 6.96%
P/E and market cap are calculated once the price band is announced.
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 1,341.95 | 521.15 | 317.08 |
| Total income | 1,386.83 | 522.55 | 317.39 |
| Profit after tax | 93.42 | 30.45 | 12.63 |
| Net worth | 155.22 | 55.14 | 24.70 |
| Reserves and surplus | 74.78 | 53.18 | 22.74 |
| Total assets | 336.49 | 184.23 | 77.82 |
| Total borrowing | 177.46 | 125.96 | 49.79 |
FY 2025-26 vs FY 2024-25: revenue +157.5%, profit after tax +206.8%.
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
About the company
The company designs and supplies handcrafted 22-karat gold jewellery on a business-to-business basis, mainly to organized jewellery retail chains. Manufacturing is done largely by third-party karigars under the company's supervision. It serves customers in India and, in smaller amounts, in the United Arab Emirates.
- Incorporated
- 2012
- Industry
- Gold jewellery design and supply (B2B)
- Sector
- Consumer Goods
- CIN
- U32111MH2012PLC232365
- Website
- sunilgold.com
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Prem Mohanlal Jain | Promoter | 37.75% | — | — |
| Shrenik Mohanlal Jain | Selling shareholder | 31.12% | — | 25,00,000 |
| Anil Mohanlal Jain | Selling shareholder | 31.11% | — | 25,00,000 |
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements of the company | 220.00 |
| General corporate purposes | Set with price |
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Sunil Gold India LimitedIssuer | ₹11.62 | — | 88.82% | ₹19.31 |
| Shanti Gold International Limited | ₹21.22 | 13.37× | 35.34% | ₹83 |
| Khazanchi Jewellers Limited | ₹36.1 | 20.14× | 31.80% | ₹129.14 |
| RBZ Jewellers Limited | ₹13.7 | 12.57× | 19.94% | ₹74.96 |
| Shringar House of Mangalsutra Limited | ₹13.55 | 15.52× | 25.24% | ₹70.29 |
| Sky Gold and Diamonds Limited | ₹18.07 | 43.31× | 24.69% | ₹76.97 |
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with organized jewellery retail chains and a high share of repeat orders.
- Large design portfolio of over 83,000 jewellery designs supported by an in-house design team.
- Network of about 100 karigars under memorandum of understanding for handcrafted manufacturing.
- Revenue and profit have grown across the three reported fiscal years.
- Promoters with long experience in gold jewellery manufacturing and supply.
Risks
- Revenue is highly concentrated among a small number of customers, with top 10 customers at 74.37% of FY 2025-26 revenue.
- The business is working capital intensive, with large inventory and receivables funded by borrowings.
- Gold price volatility affects inventory and receivables, and hedging may not fully offset it.
- Several related-party customers ceased to be related or stopped operating, affecting revenue relationships.
- Net proceeds objects have not been appraised by any bank or financial institution and rely on management estimates.
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Contacts
Source: Draft Red Herring Prospectus dated 30 Sept 2026Updated
Frequently asked questions
When will the Sunil Gold India IPO open?
No dates have been announced yet. Sunil Gold India filed its Draft Red Herring Prospectus with SEBI on 30 Sept 2026. The issue dates, price band and lot size are set in a later offer document (the Red Herring Prospectus or Prospectus); this page is updated when it is filed.
What is the Sunil Gold India IPO price band?
The Draft Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Sunil Gold India shares list?
On NSE and BSE.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Sunil Gold India IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹220 Cr for funding working capital requirements of the company, and the rest for the other stated purposes.
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Spotted something wrong?
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