Sunil Gold India to Float IPO, Files Draft Papers with Sebi
Sunil Gold India to Float IPO, Files Draft Papers with Sebi
- •Sunil Gold India Ltd has filed preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO).
- •The IPO comprises a fresh issue of 2 crore equity shares and an Offer for Sale (OFS) of up to 65 lakh shares by promoters Anil Jain and Shrenik Jain.
- •The company plans to utilize Rs 200 crore from the fresh issue for working capital requirements and general corporate purposes.
- •Founded in 2012 in Mumbai, Sunil Gold India is a B2B gold jewellery supplier, also exporting to UAE and Singapore.
- •In FY25, the company processed 504.58 kg of gold and reported a revenue of Rs 521 crore.