Royal Chain Ltd. IPO Details
Royal Chain was incorporated on April 21, 2004. The company is among the top five organised B2B jewellery manufacturers in India by installed capacity as of March 31, 2026, with an annual capacity of 12,000 kg. As a vertically integrated, technology-driven ODM, it manages the jewellery value chain from design and prototyping to precision manufacturing, serving multiple jewellery retailers across India
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹10,000.0 M | DRHP DOC |
Royal Chain issue details
Royal Chain IPO issue size is ₹ 10,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Royal Chain 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 |
Royal Chain NUMBER OF SHARES ON OFFER
Royal Chain 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 |
| FY26 | 4,732.5 | 173.3 | -216.5 | -245.6 | 6.1% |
| FY25 | 3,617.2 | 63.3 | -3.0 | -52.3 | 3.6% |
| FY24 | 2,350.6 | 27.4 | -11.6 | -56.9 | 2.7% |
Royal Chain INFORMATION ON IPO ISSUE
About Royal Chain
Royal Chain was incorporated on April 21, 2004. The company is among the top five organised B2B jewellery manufacturers in India by installed capacity as of March 31, 2026, with an annual capacity of 12,000 kg. As a vertically integrated, technology-driven ODM, it manages the jewellery value chain from design and prototyping to precision manufacturing, serving multiple jewellery retailers across India
Object of the Issue
- Repayment/ prepayment, in part or full, of certain outstanding loan facilities and accrued interest thereon, availed by the company
- General corporate purposes
Royal Chain - PROMOTERS
| Name |
|---|
| Suresh Futarmal Jain |
| Manish Futarmal Jain |
| Nilesh Futarmal Jain |
| Snneh Suresh Jain |
| Naman Manish Jain |
Royal Chain - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Suresh Futarmal Jain | Managing Director |
| Snneh Suresh Jain | Executive Director & Chief Executive Officer |
| Manish Futarmal Jain | Executive Director |
| Shubham Agarwal | Independent Director |
| Nidhi Maheshwari | Independent Director |
| Divya Garg | Independent Director |
Royal Chain Book Running Lead Manager
JM Financial Limited
royalchain.ipo@jmfl.com
360 ONE WAM Limited
royalchain.ipo@360.one
Royal Chain Registrar to the Offer
MUFG Intime India Private Limited
royalchain.ipo@in.mpms.mufg.com
Royal Chain Strengths
Diversified product portfolio
The company offers gold chains and jewellery in 14, 18 and 22 karats across yellow, white and rose gold alloys, catering to varied customer requirements. As of June 30, 2026, it offered over 27,000 designs across multiple jewellery categories for men, women and children, covering traditional, modern, everyday and occasion-wear preferences
Technology driven operations
The company uses a technology-led platform integrating product design, manufacturing, quality control and business processes across its jewellery value chain. Its use of CAD/CAM, AI, automated chain-making, CNC, laser manufacturing, ERP, IoT and Industry 4.0 technologies supports product innovation, manufacturing precision, operational efficiency and real-time decision-making
Diversified customer base
The company has a diversified customer base comprising dealers and wholesalers, institutional and corporate clients, and export customers, supported by over three decades of Promoter experience. In Fiscal 2026, it served approximately 1,887 customers, with dealers and wholesalers contributing 89.55%, institutional clients 6.83% and export customers 3.79% of revenue from operations
Royal Chain Risks
Seasonal demand risks
The company’s jewellery demand is seasonal and typically higher in the third and fourth quarters, festive occasions such as Diwali, Dhanteras and Akshay Tritiya, and the wedding season. As jewellery purchases are discretionary, lower consumer spending due to inflation, interest rates, income levels or economic conditions may reduce demand, particularly during peak periods, adversely affecting revenue and financial performance
Quality control risks
The company’s products may contain defects or quality issues arising from raw materials, design, manufacturing, human error or failures in quality control processes. Although it conducts regular inspections and follows internal quality standards, undetected defects may result in product returns or exchanges, damage customer trust and adversely affect its business, operations and financial condition
Competition
The company operates in a highly competitive and fragmented B2B wholesale gold jewellery manufacturing market, comprising organised and unorganised players. Competition is based on design, craftsmanship, quality, pricing, delivery, manufacturing capacity, compliance, product range, customisation and customer relationships, and failure to compete effectively may adversely affect its business and financial performance
IPO FAQs
The promoters of the company are Suresh Futarmal Jain, Manish Futarmal Jain, Nilesh Futarmal Jain, Snneh Suresh Jain and Naman Manish 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%.