Sunil Gold India Files Draft Papers With SEBI for IPO to Raise Funds

Sunil Gold India Ltd, a Mumbai-based handcrafted gold jewellery designer and B2B supplier, has filed a draft red herring prospectus with SEBI to launch an initial public offering (IPO). The IPO includes a fresh issue of 2 crore equity shares and an offer for sale of up to 65 lakh shares by promoters Anil Jain and Shrenik Jain. The company plans to raise Rs 200 crore to support working capital and general corporate purposes. Founded in 2012, it serves customers across eight Indian states and exports to the UAE and Singapore. Sunil Gold India processed around 504.58 kg of gold in FY25 with revenues of Rs 521 crore. The shares are proposed to be listed on BSE and NSE, with Unistone Capital as the lead manager.