1 month ago
Master Chains N Jewels Files IPO Papers
Master Chains N Jewels Ltd, a company that makes and sells gold jewellery, has filed papers with Sebi to raise ₹400 crore through an IPO.
The money will be used for working capital and general corporate purposes.
The IPO will also include a sale of shares by the promoter, Taruna Madan Kothari.
The company has two manufacturing units in Mumbai and a large collection of jewellery designs.
The IPO is still in the draft stage and needs Sebi's approval before it can proceed.
Master Chains N Jewels Ltd files IPO papers with Sebi to raise ₹400 crore.
The IPO includes a fresh issue of equity shares and an offer for sale by promoter Taruna Madan Kothari.
Proceeds from the fresh issue will be used for working capital and general corporate purposes.
The company operates two manufacturing units in Mumbai with a total capacity of 4,972.90 kg of jewellery annually.
The IPO is at the draft stage and requires Sebi's observations before proceeding.
- Who
- Master Chains N Jewels Ltd and promoter Taruna Madan Kothari
- What
- Filing of IPO papers with Sebi
- Where
- New Delhi
- When
- Draft red herring prospectus filed on Saturday
- Why
- To raise funds for working capital and general corporate purposes
Investor Perspective
Company Perspective
Fund Utilization
Investor Perspective
Investors may expect the funds to be used for growth and expansion, ensuring a return on investment.
Company Perspective
The company plans to use the funds primarily for working capital needs and general corporate purposes.
Key facts
- Company Name
- Master Chains N Jewels Ltd
- IPO Size
- ₹400 crore
- Promoter Stake Sale
- 59.06 lakh equity shares
- Manufacturing Capacity
- 4,972.90 kg of jewellery annually
- Manufacturing Units
- Two units in Kala Chowki, Mumbai
- Lead Manager
- Systematix Corporate Services
- Registrar
- Bigshare Services
Sources
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