Sunil Gold India files preliminary papers with SEBI for IPO
The company plans to utilise the fresh issue proceeds to the tune of Rs 200 crore to support working capital requirements and a portion would be used for general corporate purposes
Sunil Gold India has filed preliminary papers with markets regulator -- Securities and Exchange Board of India (Sebi) to garner funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of 2 crore equity shares and an offer for sale (OFS) of up to 65 lakh shares by promoters Anil Jain and Shrenik Jain.
The company plans to utilise the fresh issue proceeds to the tune of Rs 200 crore to support working capital requirements and a portion would be used for general corporate purposes.
Sunil Gold India designs and supplies handcrafted gold jewellery, specializing in contemporary, heritage and temple-inspired designs, along with other traditional styles.
