Sunil Gold India Ltd. IPO Details
Sunil Gold India was incorporated on June 18, 2012. The company designs and supplies handcrafted 22-karat gold jewellery, including contemporary, heritage, and temple-inspired designs, manufactured through skilled third-party karigars. Its portfolio includes a wide range of jewellery for weddings, festive occasions, parties, and daily wear across various weight categories and price points
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 26.5 M | - | - | ₹0 | DRHP DOC |
Sunil Gold issue details
Sunil Gold has 26.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Sunil Gold IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Sunil Gold NUMBER OF SHARES ON OFFER
Sunil Gold FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 414.8 | 45.4 | -12.7 | -12.8 | 10.56% |
| FY25 | 521.1 | 30.2 | -3.9 | -4.7 | 9.02% |
| FY24 | 317.1 | 12.7 | 0.3 | 0.2 | 7.18% |
| FY23 | 241.8 | 3.6 | -0.7 | -0.9 | 4.3% |
Sunil Gold INFORMATION ON IPO ISSUE
About Sunil Gold
Sunil Gold India was incorporated on June 18, 2012. The company designs and supplies handcrafted 22-karat gold jewellery, including contemporary, heritage, and temple-inspired designs, manufactured through skilled third-party karigars. Its portfolio includes a wide range of jewellery for weddings, festive occasions, parties, and daily wear across various weight categories and price points
Object of the Issue
- Funding of the working capital requirements of the company
- General corporate purposes
Sunil Gold - PROMOTERS
| Name |
|---|
| Prem Mohanlal Jain |
| Shrenik Mohanlal Jain |
| Anil Mohanlal Jain |
Sunil Gold - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Prem Mohanlal Jain | Chairman & Managing Director |
| Shrenik Mohanlal Jain | Whole-Time Director |
| Anil Mohanlal Jain | Executive Director |
| Satyanarayan Bagla | Independent Director |
| Pooja Bhavin Shah | Independent Director |
| Radhamanalan | Independent Director |
Sunil Gold Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
Sunil Gold Registrar to the Offer
KFin Technologies Limited
sunilgold.ipo@kfintech.com
Sunil Gold Strengths
In-house design team
The Indian gold jewellery market is characterized by diverse regional preferences in design, weight, and craftsmanship, with southern markets favouring traditional heavy jewellery and northern and western markets preferring lighter contemporary styles. Suppliers with a broad design portfolio are better positioned to meet the varied inventory needs of retailers across regions
Skilled Karigars
The company has established strong relationships with skilled local karigars who manufacture customized handcrafted gold jewellery. This model aligns with the fragmented Indian jewellery industry, where a large portion of jewellery is handmade by specialized artisans to create intricate designs
Client relationship
The company has built a strong corporate customer base of organized jewellery retail chains, benefiting from the growing formalization of the Indian jewellery market. Long-standing relationships with these clients create a competitive advantage, as the B2B jewellery segment is highly trust-driven and difficult for new entrants to penetrate
Sunil Gold Risks
Depend on third-party Karigars
The company relies on a network of skilled third-party karigars for manufacturing its handcrafted 22-karat gold jewellery. Any disruption, loss of skilled artisans, or failure to meet quality standards may affect product quality, customer satisfaction, and overall business performance
Capital intensive
The company operates in a working capital-intensive business that requires significant funds for gold procurement, inventory management, and credit extended to customers. Any inability to efficiently manage these requirements could adversely affect operations, cash flows, and financial performance
Availability & price of gold bullion
The company’s operations depend heavily on the availability and pricing of gold bullion, its primary raw material. Fluctuations in global economic conditions, geopolitical factors, or regulatory changes may impact gold prices and supply, adversely affecting business performance
IPO FAQs
The promoters of the company are Prem Mohanlal Jain, Shrenik Mohanlal Jain and Anil Mohanlal Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.