Master Chains N Jewels Ltd. IPO Details
Master Chains N Jewels was incorporated on May 12, 1997. The company is one of India's leading gold chain manufacturers and is engaged in designing, manufacturing, job-work services, and selling a wide range of gold jewellery, including lightweight products. It supplies jewellery to wholesalers and retailers across the organized market, catering to wedding, festive, and daily-wear customer segments
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 5.9 M | - | - | ₹4000.0 M | DRHP DOC |
Master Chains N Jewels issue details
Master Chains N Jewels has 5.9 M shares on offer
Master Chains N Jewels IPO issue size is ₹ 4000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Master Chains N Jewels IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Master Chains N Jewels NUMBER OF SHARES ON OFFER
Master Chains N Jewels FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 1,680.6 | 97.3 | -73.7 | -82.7 | 8.7% |
| FY25 | 1,512.2 | 37.1 | 1.2 | 1.1 | 4.1% |
| FY24 | 1,272.6 | 22.0 | 1.9 | 0.6 | 3.2% |
Master Chains N Jewels INFORMATION ON IPO ISSUE
About Master Chains N Jewels
Master Chains N Jewels was incorporated on May 12, 1997. The company is one of India's leading gold chain manufacturers and is engaged in designing, manufacturing, job-work services, and selling a wide range of gold jewellery, including lightweight products. It supplies jewellery to wholesalers and retailers across the organized market, catering to wedding, festive, and daily-wear customer segments
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Master Chains N Jewels - PROMOTERS
| Name |
|---|
| Madan Sardarmal Kothari |
| Raj Madan Kothari |
| Khushbu Raj Kothari |
| Taruna Madan Kothari |
Master Chains N Jewels - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Madan Sardarmal Kothari | Chairman & Whole-time Director |
| Raj Madan Kothari | Managing Director & Chief Executive Officer |
| Khushbu Raj Kothari | Whole-time Director |
| Sangeeta Jogen Parekh | Independent Director |
| Milin Jagdish Ramani | Independent Director |
| Ankush Gupta | Independent Director |
Master Chains N Jewels Book Running Lead Manager
Systematix Corporate Services Limited
masterchains.ipo@systematixgroup.in
Master Chains N Jewels Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Master Chains N Jewels Strengths
Lightweight jewellery market growth
Growing consumer preference for lightweight and contemporary gold jewellery, particularly among younger and urban buyers, is driving demand across India. Rising gold prices and changing buying patterns are expected to support strong growth in the lightweight jewellery segment, with a projected CAGR of approximately 15.4% between CY25 and CY30
Penetrative distribution network
India's expanding wholesale gold jewellery market, driven by strong cultural demand and the growth of organized retail in Tier 2 and Tier 3 cities, creates significant business opportunities. The company's distribution and branch network across key commercial hubs enables efficient inventory management and timely product delivery
In-house manufacturing
The company operates two manufacturing units with advanced machinery, CAD-based design, 3D printing, and ERP systems that support efficient jewellery production, inventory management, and quality control. Its technology-driven manufacturing processes optimize metal usage, improve production planning, and enable efficient execution of both make-to-order and make-to-stock orders
Master Chains N Jewels Risks
Operational risks
The company is exposed to risks of employee misconduct, fraud, regulatory non-compliance, and unauthorized disclosure or misuse of jewellery designs, which may be difficult to detect or prevent. Such incidents could adversely affect its competitiveness, operations, reputation, and financial performance
Depend on efficient transport
The company's operations rely on efficient movement of raw materials and finished jewellery across its manufacturing units, distribution hub, and branch network. Any logistics disruptions, theft, accidents, or losses during transit could adversely affect operations, customer deliveries, and financial performance
Counterparty credit risk
The company is exposed to customer credit risk due to longer credit terms offered to customers compared to its suppliers, which may create cash flow mismatches. Any delay or default in customer payments could increase working capital requirements and adversely affect liquidity, financial performance, and operations
IPO FAQs
The promoters of the company are Madan Sardarmal Kothari, Raj Madan Kothari, Khushbu Raj Kothari and Taruna Madan Kothari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.