Sunil Gold India (NEW IPO): GMP, Profit, Price & expert review

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Sunil Gold India Limited is engaged in designing and supplying handcrafted 22-karat gold jewellery to organised jewellery retailers in India. The company mainly operates as a B2B jewellery manufacturer, offering products such as necklaces, bangles, earrings, bridal sets, and other traditional and contemporary jewellery designs.

Sunil Gold India Limited was incorporated in 2012. Mr. Prem Mohanlal Jain serves as the Chairman and Managing Director of the company.

It’s core business is designing and supplying handcrafted 22‑karat gold jewellery (including necklaces, bangles, earrings, bridal sets, and culturally influenced designs) primarily for organised retail customers. It supplies jewellery to organised retail chains across eight Indian states and one union territory, with strong repeat business from its partners.

Sunil Gold India Limited filed its DRHP with SEBI for a proposed IPO featuring a Fresh Issue of 20,000,000 Equity Shares and an Offer for Sale (OFS) of 6,500,000 Equity Shares.

Subscription date to apply for Sunil Gold India Limited is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:26,500,000 Equity shares
Fresh Issue:20,000,000 Equity shares
Offer for Sale:6,500,000 Equity shares
Price Range:TBA
Lot Size:TBA
GMPPending

Sunil Gold India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 55.10 Cr
Revenue:₹ 521.14 Cr
EBITDA₹ 46.98 Cr
EBITDA Margin:~ 9.02 %
PAT₹ 30.19 Cr
PAT Margin~5.79%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing Repayment₹ 00 Cr
Subsidiary Investment₹ 00 Cr
Working Capital Requirement₹ 200 Cr
General Corporate PurposeBalance

Sunil Gold India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 241.8₹ 317.1₹ 521.1
PAT (₹ Cr)₹ 3.6₹ 12.7₹ 30.2
Asset (₹ Cr)₹ 59.1₹ 76.6₹ 184.4
Net Worth (₹ Cr)₹ 12.2₹ 24.9₹ 55.1

Sunil Gold India IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
12-May₹ –₹ –₹ –
11-May₹ –₹ –₹ –
10-May₹ –₹ –₹ –
09-May₹ –₹ –₹ –
08-May₹ –₹ –₹ –
Sunil Gold India Limited

Sunil Gold India Limited IPO Pros & Cons

Strengths:

  • Established player in 22K gold jewellery manufacturing with strong B2B relationships.
  • Experienced promoter and management team with over a decade in the industry.
  • Growing demand for organised gold jewellery market in India.
  • DRHP shows consistent revenue growth over the past few years.
  • IPO proceeds aimed at working capital and expansion, supporting future growth.

Risks:

  • Highly competitive jewellery market with unorganised players dominating.
  • Profit margins sensitive to gold price fluctuations.
  • Limited brand presence among end consumers; mainly B2B.
  • No own retail store network, limiting direct customer reach.
  • IPO subscription and valuation could be affected by market volatility.

Sunil Gold India Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Prem Mohanlal Jain~ 37.75 %
Shrenik Mohanlal Jain~ 31.12 %
Anil Mohanlal Jain~ 31.11 %
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Sunil Gold India Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Sunil Gold India Limited

Lead / Book Running Lead ManagersUnistone Capital Private Limited
Registrar (RTA)KFin Technologies Limited

FAQ’S of Sunil Gold India Limited

  • It designs, manufactures and supplies handcrafted 22‑karat gold jewellery to organised retail chains in India and also exports to select overseas markets.
  • Sunil Gold India Limited is raising funds via IPO to boost working capital and support general corporate purposes as it scales its jewellery business.
  • The issue size of the IPO comprises of up to ~2.65 Cr equity shares (fresh issue + OFS). It will be listed on BSE and NSE platform.
  • Key risks include volatility in gold prices, dependency on a B2B model with concentrated clients, and intense competition in the jewellery market.
  • Upsides include strong demand for 22K gold jewellery, expansion in organised retail supply and growth backed by increasing revenues.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock broker once the IPO opens for subscription.

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