DRHP link: https://nsearchives.nseindia.com/corporate/Registration_25072026221948_MCJDRHP.pdf
Mumbai ,27 th July 2026 ( TGN ) : Master Chains N Jewels Limited (“The Company”), an organised gold jewellery manufacturer and wholesale distributor in India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
According to the CARE Report, the Company is one of the leading gold chain manufacturers in India, engaged in the designing, manufacturing, job-work services and sale of a wide range of gold jewellery, including lightweight jewellery. It caters to a diversified customer base across India through its wholesale distribution network and manufacturing capabilities.
According to the DRHP, the proposed IPO comprises a fresh issue of equity shares aggregating up to ₹4,000 million and an Offer for Sale (OFS) of up to 5,906,250 equity shares by the Promoter Selling Shareholder, Taruna Madan Kothari.
As of June 30, 2026, the Company maintained a design database comprising approximately 80,666 jewellery designs, enabling it to cater to diverse customer preferences and strengthen customer relationships. Its manufacturing operations are carried out from two manufacturing units located at Kala Chowki, Mumbai, spread across an aggregate area of approximately 6,870 square feet, with an effective installed manufacturing capacity of approximately 4,972.90 kilograms per annum, as of March 2026.
The Company proposes to utilise the net proceeds from the fresh issue towards funding working capital requirements and for general corporate purposes.
Systematix Corporate Services Limited is the sole Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the registrar to the offer.
