Sunil Gold India Targets Growth with Upcoming IPO

Sunil Gold India Ltd plans an IPO combining a fresh equity share issue and an offer for sale. Founded in 2012, the company aims to use funds to support working capital and corporate purposes, while also focusing on domestic and international jewellery markets.

Sunil Gold India Ltd has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The anticipated IPO consists of a fresh issue of two crore equity shares and an offer for sale (OFS) by promoters amounting to 65 lakh shares, as detailed in the draft red herring prospectus submitted on Friday.

The company intends to channel Rs 200 crore of the proceeds from the fresh issue towards meeting its working capital requirements and general corporate objectives. Established in 2012 in Mumbai as a B2B supplier of handcrafted gold jewellery, Sunil Gold India has successfully expanded its influence in Bengaluru via a partnership with Ratnaakar Gold, and now serves both the domestic market across eight states and internationally with noteworthy exports to the UAE and Singapore.

In the fiscal year 2025, the company managed to process approximately 504.58 kg of gold and reported revenue reaching Rs 521 crore. Looking ahead, Sunil Gold India plans to list its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with Unistone Capital acting as the sole book-running lead manager for the IPO.

(With inputs from agencies.)